Prices for cold-rolled coil and hot-dipped galvanized material in the United States have moved into correction territory, falling to levels last seen before the Section 232 tariffs were implemented.
The continued declines result from short mill lead times and come amid a debate about whether prices have bottomed or might fall further.Cold-rolled coilFastmarkets AMM's price assessment for cold-rolled coil slipped to $40.50 per hundredweight ($810 per short ton) on Thursday January 17. That price is down 1.2% from $41 per cwt previously, off 5.8% from $43 per cwt a month ago, and down $10.50 per cwt - or...