US cold-rolled coil price above $2,000/t for first time; galvanized up again

Prices for cold-rolled and galvanized steel sheet climbed to new records, with cold roll catapulting above the $100-per-hundredweight ($2,000-per-short-ton) milestone for the first time ever.

Fastmarkets’ weekly price assessment for steel cold-rolled coil, fob mill US jumped to $101 per cwt ($2,020 per ton) on Thursday July 15 from $98.50 per cwt ($1,970 per ton) on July 8. The assessment has now gained 225.81% after descending to its 2020 low of $31 per cwt in August. Fastmarkets’ price assessment for steel hot-dipped galvanized coil (cold-rolled base), fob mill US strengthened to $103 per cwt ($2.060 per ton) on Thursday from $100 per cwt one week earlier...


Dom Yanchunas

July 16, 2021

21:36 GMT

New York