Hot-rolled coil prices in the United States have surged above $65 per hundredweight ($1,300 per short ton), and there is no sign that the rally will end any time soon, according to market participants.
Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $65.24 per cwt ($1,304.80 per ton) on Thursday March 18, up by 0.69% from $64.79 per cwt on Wednesday March 17 and by 1.57% from $64.23 per cwt one week earlier.Fresh inputs were received across all three sub-indices in a range of...