Hot-rolled coil prices in the United States consolidated around the $96-per-hundredweight ($1,920-per-short-ton) level on Wednesday August 18, with opinion split among market sources whether the price will soon peak.
Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $95.98 per hundredweight ($1,919.60 per short ton) on August 18, rising by 0.11% from $95.87 per cwt on Tuesday August 17 and up by 1.18% from $94.86 per cwt one week earlier. Fresh inputs were received in all three sub-indices in a range of $93.50-100.00 per cwt, representing...