US hot-rolled coil surpasses $35/cwt for first time since 2012

US hot-rolled coil prices have climbed above the $35-per-hundredweight ($700-per-ton) mark for the first time since February 2012, gaining 3.94% after domestic mills consolidated more price increases and trade protectionism again permeated the conversation.

American Metal Market's hot-rolled coil index reached $35.32 per cwt ($706.40 per ton) on Thursday January 18, up by $1.34 per cwt ($26.80 per ton) from $33.98 per cwt ($679.60 per ton) previously. The...

Published

Dom Yanchunas

January 19, 2018

22:50 GMT

New York