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[Ferro-Alloys.com] Hot-rolled coil prices in the United States have plunged below $25 per hundredweight ($500 per short ton) on fears that demand won’t recover in the first half of 2020.

Import offer prices for hot-rolled coil in Europe have been moving downward, adding negative sentiment to the market, sources told Fastmarkets on Tuesday April 7.

Flat steel import prices in the United Arab Emirates and Saudi Arabia were stable this week after the sharp fall last week, with the market very slow amid concerns about the Covid-19 pandemic, sources told Fastmarkets on Tuesday April 7.