Hot-rolled coil prices in the United States have again jumped to a year-to-date high, after reaching a nearly 16-month peak on Friday October 2, supported by continuing tight supply in the face of slowly rising demand.
Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $31.55 per hundredweight ($631 per short ton) on Monday October 5, up by 1.8% from $30.99 per cwt on Friday and 5.1% higher than $30.02 per cwt a week ago on Monday September 28.Inputs from sources ranged between $29.50 per cwt and $32.50...