US hot-rolled coil prices moved above the $30.50-per-hundredweight ($610-per-short-ton) threshold for the first time since May 2019 on Wednesday January 8, while mills announced a new round of price increases and market participants shared mixed demand outlooks.
Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $30.54 per cwt ($610.80 per ton) on Wednesday, up by 1.9% from $29.96 per cwt on Tuesday January 7 and an increase of 5.3% from $28.99 per cwt on January...