Hot-rolled coil prices in the United States climbed to an all-time high for a second straight day, with market participants unsure about when the rally will run out of steam.
Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $97.33 per hundredweight ($1,946.60 per short ton) on Friday September 3, up by 0.26% from $97.08 per cwt on Thursday September 2 and up by 0.28% from $97.06 per cwt one week earlier. Fresh inputs were received across all three sub-indices in a range...