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[Ferro-Alloys.com] Spot prices for flat-rolled steel in the US fell again this week as mills struggled to book new spot orders.
The Argus weekly domestic US hot-rolled coil (HRC) index fell for a second week in a row, moving down by $16.75/short ton (st) to $494.50/st ex-works Midwest on 11 indications from sell- and buy-side sources.
Lead times slipped to 3-4 weeks from 3-5 weeks.
The domestic US CRC assessment followed the fall in HRC pricing, dropping by $27.50/st to $670/st, while the HDG coil assessment fell by $24/st to $675/st. Lead times for both products slipped to 5-6 weeks from 6-7 weeks.
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