Hot-rolled coil prices in the United States are closing in on $27.50 per hundredweight ($550 per short ton), while some mills have begun looking to up the ante and raise prices to as much as $30 per cwt ($600 per ton).
Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $27.40 per cwt ($548 per ton) on Thursday September 10, up by 1.1% from $27.11 per cwt on Wednesday September 9 and up by 3.6% from $26.44 per cwt a week earlier on September 3.Inputs were received between $26.50 per cwt and $30 per cwt - a spread of $3.50 per cwt.Heard in the marketThe lower end of that range represents prices for larger orders (thousands of tons) or for smaller...