US Galvalume price falls to more than 4-year low

While demand for coated steel products in the United States has been stable over the past month, prices dropped again, reflecting a lag against the previous downward trend that hit other flat-rolled steel products.

Fastmarkets’ monthly price assessment for steel coil Galvalume, fob mill US dipped to $32.75 per hundredweight ($655 per short ton) on Tuesday May 19, down by 5.8% from $34.75 per cwt in mid-April and down by 16% from $39 per cwt in mid-March. Fastmarkets’ pricing records also indicate that price is now at its lowest since mid-April 2016, when the assessment stood at $32.50 per cwt. Lead times were in a range...

Published

Muyao Shen

May 20, 2020

22:20 GMT

New York