Hot-rolled coil prices in the United States hovered within $1 of $90 per hundredweight ($1,800 per short ton) for a sixth consecutive business day after market participants reported relative stabilization around that level while spot tons continued to be in short supply.
Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $89.94 per cwt ($1,798.80 per ton) on Tuesday July 13, a decrease of 0.41% from $90.31 per cwt on Monday July 12 but up by 0.46% from $89.53 per cwt a week earlier. Data were received across all three sub-indices in a narrow...