Extended lead times at mills in the United States and expectations that scrap prices will rise in March have continued to drive gains in domestic hot-rolled coil pricing, and also sparked a fresh round of mill hikes.
Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $29.47 per hundredweight ($598.4 per short ton) on Thursday February 27, up by 0.3% from $29.38 per cwt a day earlier and a 0.7% increase from $29.27 per cwt on February 20....