Hot-rolled coil prices in the United States moved closer to $30.50 per hundredweight on Thursday January 23 despite deep unease among some steel buyers about staying power at that level.
Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $30.44 per cwt ($608.80 per ton) on Thursday, up 1.4% from $30.03 per cwt the previous day but down 1% from $30.75 per cwt a week earlier.Lead times average approximately four to six weeks, according to published mill...