Hot-rolled coil prices in the United States have remained broadly steady ahead of the national Thanksgiving holiday, although market participants anticipated further increases given recent mill announcements and supply concerns headed into 2021.
Fastmarkets daily steel hot-rolled coil index, fob mill US was calculated at $39 per hundredweight ($780 per short ton) on Wednesday November 25, nearly flat from $39.08 per cwt on Tuesday November 24 and a jump of 6.4% from $36.64 per cwt one week earlier.Inputs were received in a broad range of $37-42.50 per cwt. The higher end of that range represents new mill offers, while the...