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ENR > Finance > Steelflation Grips U.S. As Flat-Rolled Prices Jump - ENR | McGraw-Hill Construction
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| Steel buyers who had been patient before the holidays were paying the price of inactivity as they forayed into the US steel market Wednesday, concluding deals at least $30/st higher for hot-rolled coil and $20/st more for cold-rolled coil. The Platts assessment of HRC increased 6.2% to a midpoint of $600/st ex-works Indiana--even as several mills announced further price hikes for March orders, and still some late February bookings.
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