Where can I find hot rolled coil prices?

SteelOrbis is the primary information source preferred by thousands of firms for its up-to-date hot rolled coil prices, hot rolled coil market analyses and news, as it closely follows the main hot rolled coil markets such as China, the CIS, the EU, Turkey, the US and India.

What are US Midwest domestic hot rolled coil steel futures?

US Midwest Domestic Hot-Rolled Coil Steel Futures are widely traded on the New York Mercantile Exchange (NYMEX). Futures contracts for hot-rolled coil steel are financial instruments that allow producers, large consumers, and speculators to offset or assume the risk of a price change of holding a quantity of hot-rolled coil steel over time.

How much is a Cru coil worth?

From mid-2020 through 2021 Q1, CRU’s US Midwest HR coil price benchmark increased by over 180% or over $800 /s.ton to reach a new record high, at least in nominal terms, of $1,240 /s.ton on 10 March.

Will steel prices fall back?

Steel prices will eventually fall back from the current supply deficit environment towards a market more related to a historic margin over steelmaking costs. At CRU, we continuously evaluate and incorporate changes to these market fundamentals, among others, into our monthly price forecast updates. Want to read more?