Prices for cold-rolled and coated steel in the United States held steady to start 2019, despite weakening sentiment in the hot-rolled coil market, sources told Fastmarkets AMM.
Fastmarkets AMM assessed both the domestic cold-rolled coil and coated steel base prices again flat week on week at $42 per hundredweight ($840 per short ton) on Thursday January 3. "On [galvanized coil] and cold-roll, mills are holding pretty tight to their prices," one distributor said. "Hot-rolled is where you can wheel and deal." Prices for cold-rolled and coated coil are "hanging in there," according to this distributor. His prices averaged $43 per cwt for CRC and $42.50 per cwt for coated material, while his offers ranged from $42-44 per cwt for CRC and from $41-44 per cwt for galvanized base...