Cold-rolled and coated sheet prices in the United States stabilized after three consecutive weeks of declines, although market participants remained bearish over their near-term price outlook amid sufficient supplies and soft demand.
Fastmarkets AMM's weekly assessment for domestic cold-rolled coil stood at $37 per hundredweight ($740 per short ton) on Thursday June 6, unchanged from one week earlier.Fastmarkets assessed the domestic hot-dipped galvanized steel base price at $37 per cwt, and the all-in price for galvanized coil with a G90 coating at $41.75 per cwt on Thursday, both steady from the prior week.Mills still seemed unfazed by the declining price environment in the sheet market, with sources citing extended lead times seen...