The price of benchmark U.S. hot-rolled steel coil (SLX) was reported up at $630/ton this week, a...


The price of benchmark U.S. hot-rolled steel coil (SLX) was reported up at $630/ton this week, a 10%-plus jump since a 2013 low of $570 on May 28 and reversing a six-month slide caused by excess capacity. Part of the increase is seasonal, but prices are above their year-ago level of $599/ton.The speed of the rise spooks some steel buyers; "when prices go up fast like this, they often go down fast, too."

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