Hot-rolled coil prices in the United States have slipped below $96 per hundredweight ($1,920 per short ton), with some participants indicating that the market was stalling temporarily before spot offers open from September.
Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $95.31 per cwt ($1,906.20 per ton) on Wednesday August 25, down by 1.28% from $96.55 per cwt on Tuesday August 24 and down by 0.70% from $95.98 per cwt one week earlier. Fresh inputs were received in the...