US hot-rolled coil prices inch higher

Jul 03, 2014 | 03:52 PM | Michael Cowden

Tags  steel prices, hot-rolled coil, cold-rolled sheet, steel plate, U.S. Steel, OCTG, Michael Cowden

CHICAGO — U.S. hot-rolled coil prices edged up in late June amid anticipation that a big trade case could break in favor of domestic mills, but a lack of pricing consistency among mills and across regions had some sources questioning the viability of one mill’s attempted hike.

AMM’s hot-rolled coil price inched up to $33.50 per hundredweight ($670 per ton) from $33.25 per cwt ($665 per ton) previously, while cold-rolled sheet tags tumbled to $39.50 per cwt ($790 per ton) from $39.75 per cwt ($795 per ton) in the same comparison.

U.S. Steel Corp. recently set a price increase of $25 per ton ($1.25 per cwt) effective immediately (amm.com, June 30).....





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