The most commonly heard spot price transaction range for US domestic hot rolled coil (HRC) has remained stable since our last report a week ago; the current average spot market transaction price range continues to hold at $29-$30 cwt. ($639-$661/mt or $580-$600/nt), ex-Midwest mill.
It’s forecast that US domestic flat rolled steel prices, including US HRC, will remain stable for the next two weeks due to typical, sluggish year-end market activity that’s generally linked to the Christmas and New Year’s Eve holiday.