| Prices for hot-rolled and cold-rolled coil in the US are expected to bottom out by the end of the year, sources said Tuesday. Platts maintained its daily HRC and CRC assessments at $360-$370/st and $490-$500/st, respectively. Both prices are normalized to a Midwest (Indiana) ex-works basis.
Any further erosion from current price levels was expected to be minimal, while available prices in the market were heard to remain compressed. "You have reached that point where 1,000 st or 100 st [orders] would not see much of a difference in terms of pricing," a buy-side source said...............................................Full Article: Source
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