Prices for steel sheet products in the United States rose during the week ended Thursday July 25 after mills kicked off their third $40-per-ton ($2-per-hundredweight) price increase in a month on Monday July 22.
Fastmarkets' weekly assessment for steel cold-rolled coil, fob mill US, was at $36.50 per cwt ($730 per ton) on July 25, up by $1 from one week earlier. Fastmarkets assessed the steel hot-dipped galvanized (base) steel coil, fob mill, price at $37 per cwt ($740 per ton) and the all-in price for steel HDG coil with a G90 coating at $41.75 per cwt ($835 per ton) on July 25 - both up by $1 week on week.The third price increase caught most market participants off guard as it seemed to arrive too soon after...