US Galvalume price surges to nearly 2-year high

Galvalume prices in the United States surged to a nearly two-year high this month as a result of spiking demand outstripping supply - and that trend is expected continue through the first quarter of 2021, market participants said.

“The trend is scary,” a producer said. “There’s a shortage of Galvalume – shortage is a scary word.” Fastmarkets assessed the price for steel coil Galvalume, fob mill US at $44 per hundredweight ($880 per short ton) on Tuesday November 17, up by 7.3% from $41 per cwt on October 20 and up by 23.9% from $35.50 per cwt a year earlier. The current assessment is the price’s highest since it stood at $45 per cwt in mid-December 2018. Inputs ranged from $40.50-46 per cwt, depending on the customer, producer and tonnage. In comparison, last month’s inputs ranged from $39-45 per cwt. Most sources noted month-on-month increases of $3-4 per cwt, although some inputs rose...

Published

Mark Shenk

November 18, 2020

22:53 GMT

New York