US coated steel, cold-rolled coil prices stable - for now

Cold-rolled and coated sheet prices in the United States stabilized after three consecutive weeks of declines, although market participants remained bearish over their near-term price outlook amid sufficient supplies and soft demand.

Fastmarkets AMM’s weekly assessment for domestic cold-rolled coil stood at $37 per hundredweight ($740 per short ton) on Thursday June 6, unchanged from one week earlier. Fastmarkets assessed the domestic hot-dipped galvanized steel base price at $37 per cwt, and the all-in price for galvanized coil with a G90 coating at $41.75 per cwt on Thursday, both steady from the prior week. Mills still seemed unfazed by the declining price environment in the sheet market, with sources citing extended lead times seen...

Published

Yvonne Li

June 07, 2019

21:07 GMT