Hot-rolled coil prices in the United States have climbed above $23.50 per hundredweight ($470 per short ton) due to reports of business activity increasing and sentiment strengthening - albeit unevenly given mixed demand depending on the end market.
Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $23.59 per cwt ($471.80 per ton) on Friday August 14, up by 1.2% from $23.31 per cwt on Thursday August 13 and 3.1% higher than $22.89 per cwt a week ago. The current calculation marks the first time since mid-July that the price rose above $23.50 per cwt and is the highest level seen since...