Hot-rolled coil prices in the United States have rebounded on what appears to be increased pricing volatility rather than an improvement in supply-demand fundamentals, market participants indicated.
Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $26.65 per hundredweight ($533 per short ton) on Thursday April 2, up by 1% ($0.26 per cwt) from $26.39 per cwt on Wednesday April 1 but down by 4.9% ($1.37 per cwt) from $28.02 per cwt a week earlier.Heard...