Hot-rolled coil prices in the United States have reached their highest point since early April, but sources reported little spot activity, citing continued uncertainty and weak demand related to the Covid-19 pandemic.
Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $26 per hundredweight ($520 per short ton) on Wednesday June 10, up slightly from $25.98 per cwt on Tuesday June 9 and up by 2.7% from $25.32 per cwt a week ago on June 3.This marks the index's highest since April 2, when the price stood at $26.65 per cwt....