Hot-rolled coil prices in the United States climbed to a record high for a second day in a row, and market participants reported no sign that the rally will come to an end in the near term.
Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $68.73 per hundredweight ($1,374.60 per short ton) on Thursday April 15, up by 0.28% from $68.54 per cwt on Wednesday April 14 and by 3.07% from $66.68 per cwt one week earlier.Inputs were received across the distributor and customer sub-indices in a range of $68.00-77.50 per cwt, representing confirmed deals, mill offers and...