Hot-rolled coil prices in the United States slipped back toward the $25-per-hundredweight ($500-per-short-ton) mark, eroding gains achieved in recent weeks due to concerns about weak demand and inventory overhang.
Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $25.32 per cwt ($506.40 per ton) on Monday June 15, down by 2.5% from $25.97 per cwt on Friday June 12 and 2.2% lower than $25.88 per cwt a week earlier on June 8.Lead times averaged around three to four weeks at most mills due to...