Hot-rolled coil prices in the United States have breached the $33-per-hundredweight mark, thanks mostly to ongoing tight capacity and decent demand levels.

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Hot-rolled coil prices in the United States are at their highest point in nearly 18 months amid a supply squeeze that shows no short-term signs of letting up, market participants said.

Hot-rolled coil prices in the United States held mostly steady day on day, with some sources indicating that prices are on an uptrend while others were split on mill availability and lead times.

Hot-rolled coil prices in the United States have increased to $32.50 per hundredweight ($650 per ton), and some sources think they could peak at $35 per cwt or more before the market cycles back down.

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Hot-rolled coil prices in the United States have again moved higher, with some mills holding off from making offers, demand continuing to rise slowly and supply remaining restricted by mill idlings, outages and a slab shortage, Fastmarkets understands.

The latest forecasts from Fastmarkets’ team of analysts are ready to view.