US hot-rolled coil market in transition period after price hikes

摘要

The US hot-rolled coil market was in the typical transition period Friday following a round of price increases by domestic mills. Buyers debated the validity of the hikes, while the announcements were still too fresh to determine if mills would deviate from the higher prices. The daily Platts TSI US HRC index was unchanged at $460/st but down $8.75/st over the past week.