Hot-rolled coil prices in the United States breached the $70-per-hundredweight ($1,400-per-short-ton) threshold on Wednesday April 21, even as some sources said mills were working through the supply backlog and some spot tonnages appeared on the market.
Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $70.53 per cwt ($1,410.60 per ton) on Wednesday, an increase of 1.15% from $69.73 per cwt on Tuesday April 20 and up by 2.90% from $68.54 per cwt one week earlier. Fresh inputs were received across all three sub-indices in...