Hot-rolled coil prices in the United States continued to climb due to tightened supply in the domestic market, but buyers - who believed prices were doomed to go down - seemed reluctant to accept the higher prices, according to market participants.
Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $30.91 per hundredweight ($618.20 per short ton) on Wednesday January 15, up by 1.3% from $30.52 per cwt on Tuesday January 14.Lead times were reported in a wide range of three to seven weeks, according to...