Hot-rolled coil market participants accept delays, price increases

Participants in the hot-rolled coil spot market revealed that growing discomfort with current market dynamics hasn’t deterred them from conducting spot transactions.

Sources told SMU they have no choice but to seek out products for end consumers despite fears of overpaying. Once afraid of overstocking, the same sources contend that the idea of being overstocked at inflated prices isn’t relevant to them in the current market.