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US hot-rolled coil prices remain modestly below $25 per hundredweight as mills seek to keep them from falling into loss-making territory amid a steep drop in demand.

Ferrous scrap prices in the Mexican steelmaking regions of Monterrey and Bajío were mostly unchanged week on week.

ArcelorMittal Kryvyi Rih's Q1 steel output down 7% on Covid-19 effects.