July Nymex Midwest Domestic Hot-Rolled Coil Steel Futures recently reached a record high of $1,801 a ton, more than double the low sunk to during the coronavirus pandemic during the first quarter of last year. Hot-rolled coil prices grew by 2.7% since the announcement of a deal last month on the $715 million infrastructure bill that passed the U.S. House of Representatives last week and is expected to boost demand for steel for roads and bridges.

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Business Reporter

Joseph S. Pete is a Lisagor Award-winning business reporter who covers steel, industry, unions, the ports, retail, banking and more. The Indiana University grad has been with The Times since 2013 and blogs about craft beer, culture and the military.