US CRC, galv tags slide; buyers wait it out

Prices for cold-rolled and galvanized steel sheet in the United States declined for a second week after service centers reported that they are well-stocked and not eager to procure more spot material while pricing continues to fall.

Fastmarkets’ weekly price assessment for steel cold-rolled coil, fob mill US weakened to $97.50 per hundredweight ($1,950 per short ton) on Thursday January 13 from $98.50 per cwt ($1,970 per ton) on January 6. The CRC assessment has lost $2.50 per cwt, or 2.50%, thus far in the new year. 

Fastmarkets’ price assessment for steel hot-dipped galvanized coil (cold-rolled base), fob mill US dropped to $96 per cwt ($1,920 per ton) on Thursday from $97.50 per cwt a week earlier. That...

Published

Dom Yanchunas

January 14, 2022

20:56 GMT

New York