US hot-rolled coil index jumps to new record, lead times narrow

Hot-rolled coil prices in the United States climbed to a new record high as a result of the latest spot offers and an increase in reported transactions involving material for August and September shipment.

Fastmarkets’ daily steel hot-rolled coil index, fob mill US was calculated at $91.34 per hundredweight ($1,826.80 per short ton) on Tuesday July 20, an increase of 0.42% from $90.96 per cwt on Monday July 19 and up 1.56% from $89.94 per cwt one week earlier. Fresh inputs were received in the producer and distributor sub-indices in a range of $87-96 per cwt, representing deals, mill offers and general assessments of spot-market pricing. One input at the high end of...

Published

Dom Yanchunas

July 20, 2021

21:38 GMT

New York