Hot-rolled coil prices in the United States have moved closer to $26.50 per hundredweight ($530 per short ton), reaching their highest since early April - the same month the index plunged to a more than four-year low on the heels of the Covid-19 pandemic.
Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $26.44 per cwt ($528.80 per ton) on Thursday September 3, up by 1.7% from $26.01 per cwt on Wednesday September 2 and up by 6.2% from $24.90 per cwt a week earlier on August 27. The current price marks the index's highest since April 2, when the price stood at $26.65 per cwt; the index ended April at $21.89 per cwt.Heard in the...