US cold-rolled coil price holds steady; hot-dipped galvanized price slips

US cold-rolled coil and hot-dipped galvanized prices have diverged on wider concerns that the domestic flat-rolled steel market could be on shaky ground.

Fastmarkets’ weekly price assessment for steel cold-rolled coil, fob mill US was unchanged at $37 per hundredweight ($740 per ton) on Thursday September 19. Meanwhile, Fastmarkets' weekly price assessment for steel hot-dipped galvanized (base) steel coil, fob mill US was at $36.50 per cwt, down 1.4% from $37 per cwt a week ago. While some sources said lead times averaged a respectable six to seven weeks, others said they were as short as four weeks at some mills. Lead-time estimates were clouded in part by widespread outages at domestic mills, which means some lead times reflect downtime rather than stronger demand, sources said. Few sources said...

Published

Michael Cowden

September 20, 2019

23:03 GMT

Chicago