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US HRC prices edge up to above $400 a short ton

iconFeb 29, 2016 19:20
Source:SMM
US HR coil prices edged up during the week ended February 19, while major US stainless steel and steel scrap commodities prices on Scrap Register Price Index remain flat.

UNITED STATES February 29 2016 9:46 AM

NEW YORK (Scrap Register): US HR coil prices edged up during the week ended February 19, while major US stainless steel and steel scrap commodities prices on Scrap Register Price Index remain flat. 

According to TSI, HR coil spot prices in the US Midwest market edged upwards earlier the week, closing today at $401 a short ton FOB Mill. 

Some of the deals concluded this week closed a few dollars higher w-o-w but the majority of bookings remain unchanged around the $400 a short ton mark. 

Delivery lead-times may be useful in predicting future price direction – they extended from 3.8 weeks last Friday to 4.6 weeks today.

The prices of major stainless steel scrap commodities like 201 SS, 301 SS, 309 SS, 310 SS and 330 SS showed a flat trend on Scrap Register US Price Index during the week.

However, the prices of major steel scrap commodities like #1 HMS, #1/#2 HMS 80/20 and steel casting also reported almost unchanged on Scrap Register US Price Index during the week.


US HR coil prices

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