Hot-rolled coil prices in the United States achieved yet another record high, with debate now intensifying over whether mills can eventually collect $2,000 per short ton ($100 per hundredweight) on hot band.
Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $94.67 per cwt ($1,893.40 per ton) on Tuesday August 10, an increase of 0.65% from $94.06 per cwt on Monday August 9 and up by 1.28% from $93.47 per cwt a week earlier. Fresh inputs were received in the distributor and consumer sub-indices in a range...