What is hot rolled coil?

Hot rolled coil is a type of steel which is mostly used in pipe-making, construction, machinery and some other consuming sectors. Production of hot rolled coils involves melting steel at 926° Celsius, casting the melted steel into slabs and rolling them into coils.

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 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.

Why is it important to keep track of hot rolled coil prices?

Therefore it is important to keep track of prices on a daily basis. Like prices of other materials in the steel consuming industries, manufacturers set hrc price considering many factors. Hot rolled coils manufactured under strict quality control by using advanced techniques and equipment.

How much does a hot rolled coil cost in Europe?

Platts, part of S&P Global Commodity Insights, assessed North European domestic hot-rolled coil prices at Eur680/mt ex-works Ruhr Dec. 29, reflecting tradable values reported at Eur650-700/mt ex-works Ruhr.

Do hot rolled coils need to be visually faultless?

Hot rolled coils do not need to be visually faultless for using and while determining hr coil price this feature is taken into account.