Hot-rolled coil prices in the United States slipped after touching $94 per hundredweight ($1,880 per short ton) for the second time ever on Thursday August 5, but remained above $93 per cwt for an eighth consecutive business day while buyers grumbled about the lack of spot material.
Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $93.46 per cwt ($1,869.20 per ton) on Friday August 6, down by 0.57% from $94 per cwt on August 5 and down by 0.26% from $93.70 per cwt one week earlier. The index hit an all-time high of $94.03 per cwt on July 29.Fresh inputs were received across all...