Prices for cold-rolled and galvanized sheet rose after producer price increases took hold, supported by upcoming mill outages that have stretched out lead times.
Fastmarkets' assessment for steel cold-rolled coil, fob mill US climbed to $38.50 per hundredweight ($770 per short ton) on Thursday March 5, from $37.50 per cwt ($750 per ton) on February 27.Fastmarkets' assessment for steel hot-dipped galvanized (base) steel coil, fob mill US rose to $39 per cwt ($780 per ton) on Thursday from $38 per cwt ($760 per ton) a week earlier.Lead times at most mills are six to 10 weeks for both products, according to market...