How low will US HRC prices go?

Earlier this year, it was speculated that US HRC prices would fall from their July 2018 peak of

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Product Weekly Change (%)
Iron Ore 62% Fe, CFR China, $/mt -2.43
Scrap HMS I/II 80:20, CFR Turkey, $/mt -0.68
Billet FOB CIS, $/mt -1.16
Rebar FOB Turkey, $/mt -1.06
HRC FOB China, $/mt 0
Wire Rod FOB China, $/mt 0
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Product Weekly Change (%)
HDG FOB China 0
HRC FOB Turkey 0
Iron ore (62%) CFR China 0.99
Scrap HMS I/II 80:20 CFR Turkey -0.68
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  Weekly Change (%)
Turkish Scrap Index -0.12
China HRC export index 0
China CRC export index 0
Turkish HDG Index 2.25
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