Prices for cold-rolled coil and galvanized steel sheet in the United States rose after buyers perceived enough demand to accept a portion of the latest producer hikes.
Phasing in a series of five price increase announcements, some sheet mills raised their offers as of January 10 or thereafter, generally by $1-2 per hundredweight ($20-40 per short ton), according to market participants. The higher quotes were greeted with partial acceptance, according to market participants.Fastmarkets' weekly price assessment for steel cold-rolled coil, fob mill US, climbed to $39.50 per cwt ($790 per ton) on Thursday January 16, up from $39 per cwt ($780 per...