Hot-rolled coil prices in the United States inched up after small-volume deals at higher prices were reported to Fastmarkets, while most market participants indicated pricing had not changed much week on week.
Fastmarkets' daily steel hot-rolled coil index, fob mill US, was calculated at $24.69 per hundredweight ($493.80 per short ton) on Friday May 15, up by 1.7% from $24.28 per cwt a day earlier and a gain of 2.1% from $24.19 per cwt on May 8. Lead times were averaging around five weeks, market participants said. Head in the marketHot band prices have risen on small-quantity deals...