United States hot rolled cold (HRC) steel weekly
average prices plummeted by $12 a short ton last week, while stainless
steel scrap prices remained
flat.
According to The Steel Index, United States hot
rolled cold (HRC) steel weekly average prices plummeted by $12 a short ton
week-on-week to $480 a short ton, a level some sellers are calling the bottom.
Sellers noted offer levels were now holding firm
around the US$485/s. ton mark and that the market was close to the nadir.
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Source- Metal prices.com