Hot-rolled coil pricing in the United States rose slightly on Monday March 16, with mills maintaining their asking prices while pointing out that upcoming outages will reduce supply.
Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $28.73 per hundredweight ($574.60 per short ton) on Monday, up by 1.7% from $28.25 per cwt on Friday and a 0.5% increase from $28.58 per cwt on March 9.Lead times at mills were generally about four to eight weeks, according to market participants and mill lead-time sheets....