US HRC steel prices plummet

United States hot rolled cold (HRC) steel prices plummeted by $12 a short ton last week, while stainless steel scrap prices remained flat.

According to The Steel Index, US 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. Their reasoning was that offer levels were now holding firm around the US$485/s. ton mark and that the market was close to the nadir.

The prices of major stainless steel scrap commodities like 201 SS, 301 SS, 309 SS, 310 SS and 330 SS were unchanged on Scrap Register US Price Index during last week.

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