Hot-rolled coil prices in the United States have climbed to their highest point in more than eight months on a supply squeeze and a wave of mill price increases.
Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $30.59 per hundredweight ($611.80 per short ton) on Thursday October 1, up by 1% from $30.29 per cwt on Wednesday September 20 and up by 2.4% from $29.87 per cwt a week earlier on September 24.Inputs were received in a range from $29-34 per cwt - above published base prices...