Prices for cold-rolled and galvanized steel sheet in the United States spiked after mills figured out just how little spot tonnage they will be able to offer in the new year.
Fastmarkets' weekly price assessment for steel cold-rolled coil, fob mill US jumped to $52 per hundredweight ($1,040 per short ton) on Thursday December 10, from $49.50 per cwt ($990 per ton) the week before. The assessment has gained 68% since falling to a 2020 low of $31 per cwt in August.Fastmarkets' assessment for steel hot-dipped galvanized coil (cold-rolled base), fob mill US climbed for the 18th straight week - to $52.50 per cwt ($1,050 per ton) on Thursday from $50 per cwt ($1,000...