US hot-rolled coil prices continue to notch steady gains, and the next test is whether tags can remain on firm ground as idled furnaces restart, some market participants said.
Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $25.98 per hundredweight ($519.60 per ton) on Tuesday June 9, up 0.4% from $25.88 per cwt on Monday and up 3.5% from $25.10 per cwt a week ago on June 2.Inputs were received in a broad range from $22.50-27 per cwt - a...