Prices for cold-rolled coil and hot-dipped galvanized sheet in the United States have declined for a third consecutive week, widening the gap against hot-rolled coil prices.
Fastmarkets' weekly price assessment for steel cold-rolled coil, fob mill US dropped to $35 per hundredweight ($700 per short ton) on Thursday October 10, down by 2.8% from $36 per cwt the week prior and returning to a year-to-date low seen in June and July. Galvanized prices similarly drifted downward. Fastmarkets' weekly price assessment for steel hot-dipped galvanized (base) steel coil, fob mill US slipped to $34.50 per cwt ($690 per ton) on Thursday, down by 2.8%...