Hot-rolled coil prices in the United States climbed above $90 per hundredweight ($1,800 per short ton) for the second time, with market participants projecting that the rally could gain momentum.
Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $90.31 per hundredweight ($1,806.20 per short ton) on Monday July 12, up 1.40% from $89.06 per cwt on Friday July 9. There was no assessment the previous Monday due to the US Independence Day holiday. Prices are up 2.93% from $87.74 per cwt on Friday July...