Prices for cold-rolled and galvanized sheet in the United States rose for the first time in two months in the immediate aftermath of price-increase announcements from domestic steel mills.
Fastmarkets' price assessment for steel cold-rolled coil, fob mill US climbed to $34 per hundredweight ($680 per short ton) on Thursday May 7 from $32.50 per cwt on Thursday April 30.Fastmarkets' price assessment for steel hot-dipped galvanized (base) steel coil, fob mill US jumped to $34 per cwt ($680 per ton) on Thursday from $32 per cwt a week earlier. Lead times have begun tiptoeing out to four to six weeks for cold roll and five to seven weeks...