Price for cold-rolled and galvanized steel sheet in the United States held steady after market participants perceived an emerging balance among overall supply, inventory and demand trends for the fourth quarter.
Fastmarkets' weekly assessment for steel cold-rolled coil, fob mill US was unchanged at $110 per hundredweight ($2,200 per short ton) on Thursday September 30. The assessment has risen 185.71% over the past year.Fastmarkets' assessment for steel hot-dipped galvanized coil (cold-rolled base), fob mill US also remained at $110 per cwt ($2,200 per ton) on Thursday. This is the first time since July 2020 that the price was unchanged for two consecutive weeks. Over that 14-month period, the price has gained 243.80%. Fastmarkets' weekly assessment for steel hot-dipped galvanized coil (hot-rolled base), fob mill US also was flat at $109.50 per cwt ($2,190 per ton). That assessment was introduced exactly a year ago and is up by 192% from its debut price. All three of those assessments are at record highs. Inputs were...