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Ferrosilicon Daily Express 7.13

• Monday, July 13, 2020
• Source:ferro-alloys.com

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• Keywords:Ferrosilicon futures spot

[Ferro-Alloys.com] Spot prices for flat-rolled steel in the US continued to fall as demand remained weak after the 4 July holiday weekend, and many waited for the ferrous scrap market to begin trading.

 

The Argus weekly domestic US hot-rolled coil (HRC) index fell for a third week, moving down by $6/short ton (st) to $479.75/st ex-works Midwest on 12 indications from sell- and buy-side sources.

 

Lead times slipped to 3 weeks from 3-4 weeks, with many indicating that electric arc furnace (EAF) minimills had ample availability.

 

The domestic US CRC assessment rose by $15/st to $680/st, while the HDG coil assessment increased by $20/st to $675/st. Lead times for both products extended to 5-7 weeks from 5-6 weeks.

 

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• [Editor:kangmingfei]