US HRC prices down to $620 a short ton; US Steel Scrap prices stay flat

UNITED STATES August 11 2016 3:12 PM

NEW YORK (Scrap Register): US HR coil prices down by $2 a short ton to $620 a short ton during the week ended June 24, while major US steel scrap commodities prices on Scrap Register Price Index continued to remain flat.

According to TSI, spot prices in the US Midwest HR coil market continue to remain range-bound for the fourth consecutive week with the benchmark index stable at $620 a short ton FOB Mill.

Rumours persist of another list price hike from steel producers though some participants questioned the wisdom of the move, in a market which appears near its peak.

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