What is steel coil?

Steel coil is finished steel sheet or strip that has been coiled or wound after rolling with the width of the metal sheet being greater than its thickness. Steel coil with certain coatings can be weather-resistant, protect against moisture, and is ecofriendly. Steel coil is produced through different processes depending on the desired outcome.

What are futures contracts for hot rolled coil steel?

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. Hot rolling, the process used to make hot rolled steel, involves rolling steel at high temperatures.

How much does steel cost in May?

On the cold-rolled side, prices as of May 10 were roughly $1,344/ton, down $39/t from previous month. Cold-rolled steel prices are up just over $400/ton year-to-date. Will Steel Prices Continue to Rise? What are steel prices in 2023?

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.