Hot-rolled coil prices in the United States rose to nearly $97 per hundredweight ($1,940 per short ton), with market participants projecting that a flurry of planned mill closures for maintenance will extend the rally.
Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $96.83 per cwt ($1,936.60 per ton) on Thursday August 26, up by 1.59% from $95.31 per cwt on Wednesday August 25. The index is down 0.12% from $96.95 per cwt one week earlier, which was the highest level...