US cold-rolled coil and coated base prices have continued to hover in the $40- to $41-per-hundredweight range, despite domestic mills announcing $2-per-cwt price increases in late January, market participants said.
Fastmarkets AMM's assessments for domestic cold-rolled coil and hot-dipped galvanized base prices stayed flat week on week at $40.50 per cwt ($810 per short ton) and $40 per cwt ($800 per ton), respectively. The steady assessments indicate those products may have reached a temporary floor after months of price erosion.Cold-rolled and coated prices last rose in mid- to late October, when mills most recently announced price increases. Since then, those assessments have declined or moved sideways in Fastmarkets' weekly assessments. The current prices stand well below 2018's peak of $51 per cwt, reached in July for both CRC and coated prices, according to Fastmarkets AMM pricing data.Still,...