Hot-rolled coil prices in the United States edged back above $98 per hundredweight ($1,960 per short ton), with market participants at odds over whether the steel rally is about to run out of steam.
Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $98.08 per cwt ($1,961.60 per ton) on Thursday September 30, up by 0.16% from $97.92 per cwt on Wednesday September 29 and up by 0.62% from $97.48 per cwt one week earlier.Fresh inputs were received across all three sub-indices in a range of $96-100 per cwt, representing deals, deals heard,...