US hot-rolled coil prices continue to bob around $25 per hundredweight ($500 per ton) with price increases keeping them from falling too far, while uneven demand and mixed June scrap trends limit the upside.
Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $25.10 per hundredweight ($502 per ton) on Tuesday June 2, up 0.5% from $24.98 per cwt on Monday and up 1.5% from $24.72 per cwt a week earlier on May 26.Heard in the marketInputs were received between $24-27 per...