US hot-rolled coil index above $91/cwt again, mills hold sway

Hot-rolled coil prices in the United States perked up above $91 per hundredweight ($1,800 per short ton) for the first time in three business days, with mills successfully collecting higher selling prices after boosting offers earlier in July.

Fastmarkets’ daily steel hot-rolled coil index, fob mill US was calculated at $91.25 per hundredweight ($1,825 per short ton) on Tuesday July 27, an increase of 0.71% from $90.61 per cwt on Monday July 26 but a slight decrease from $91.34 per cwt one week earlier. Fresh inputs were received in a range of $90-94 per cwt, representing deals, mill offers and general assessments of spot market pricing. Two inputs were carried...

Published

Dom Yanchunas

July 27, 2021

21:30 GMT

New York