Hot-rolled coil prices in the United States have consolidated around the $97-per-hundredweight ($1,940-per-short-ton) level, with some buyers choosing to meet their supply needs using imported material rather than pay the steep domestic prices.
Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $96.90 per cwt ($1,938 per ton) on Wednesday September 8, down by 9 cents (0.09%) from $96.99 per cwt on Tuesday September 8 but up by 65 cents (0.68%) from $96.25 per cwt one week earlier.Fresh inputs were...