US hot-rolled coil index moves back above $77/cwt to new high

May 18, 2021 / www.metalbulletin.com / Article Link

Hot-rolled coil prices in the United States moved back above $77 per hundredweight ($1,540 per short ton) to a new all-time high, with mills' order books reportedly remaining quite strong for the foreseeable future.

Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $77.44 per cwt ($1,548.80 per ton) on Monday May 17, up by 1.08% from $76.61 per cwt on Friday May 14 and 1.22% higher than $76.51 per cwt a week before.

This is the highest level recorded since Fastmarkets started covering the market in 1960, surpassing the previous record of $77.06 per cwt on Wednesday May 12 and marking the...

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