Prices for cold-rolled and hot-dipped galvanized coil in the United States again jumped to all-time highs this past week, with market participants continuing to cite the lack of spot supply as the main driver behind the surge.
Fastmarkets' weekly price assessment for steel cold-rolled coil, fob mill US rose to $89 per hundredweight ($1,780 per short ton) on Thursday May 20, up by 3.49% from $86 per cwt the week before and 54.78% higher than $57.50 per cwt at the beginning of the year. That is the highest level ever recorded by Fastmarkets since at least 1987.Fastmarkets' price assessment for steel hot-dipped galvanized coil (cold-rolled base), fob mill US was $90 per cwt ($1,800 per ton) on Thursday, up by 4.05%...