Hot-rolled coil prices in the United States remained above $93 per hundredweight ($1,860 per short ton) for the fifth consecutive business day after market participants observed resolve among producers to cash in on the higher offers they circulated at the end of July.
Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $93.47 per cwt ($1,869.40 per ton) on Tuesday August 3, down by 0.48% from $93.92 per cwt on Monday August 2 but up by 2.43% from $91.25 per cwt a week earlier.Fresh inputs were received in the distributor and consumer sub-indices in...