Hot-rolled coil prices in the United States climbed above $97 per hundredweight ($1,940 per short ton) to a new record, with market participants expressing concern that upcoming mill maintenance will result in reduced availability of steel.
Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $97.08 per cwt ($1,941.60 per ton) on Thursday September 2, up by 0.86% from $96.25 per cwt on Wednesday September 1 and by 0.26% from $96.83 per cwt one week earlier.Fresh inputs were received across all three sub-indices in...