Prices for hot-rolled coil in the United States retreated to just below the $97-per-hundredweight mark after establishing a record high on the previous business day.
Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $96.99 per hundredweight ($1,939.80 per short ton) on Tuesday September 7, a decrease of 0.35% from the all-time high of $97.33 per cwt set on Friday September 3 but up 0.85% from $96.17 per cwt...