US HRC Steel Prices Further Decline by $25 a Short Ton


United States hot rolled cold (HRC) steel weekly average prices declined to $566 a short ton on January 23.

According to TSI, the price decline went into overdrive bringing Midwest spot prices to FOB $566/s. ton, over $100/s. ton lower than three months ago.

Mills’ eagerness to order books is seeing prices drop at a dramatic rate, with buyers happy to bide their time before placing orders.