Cold-rolled and galvanized steel sheet prices in the United States set fresh records this past week, and all indications point to further gains in the coming weeks.
Some mills were offering sporadic spot material at levels much higher that those recorded previously, and while some buyers have been pushing back those in dire need of material were paying the premium price.Fastmarkets' weekly price assessment for steel cold-rolled coil, fob mill US reached an all-time high of $104.50 per hundredweight ($2,090 per short ton) on Thursday August 5, up by 0.97% from $103.50 per cwt on July 29 and more than triple the $31-per-cwt price recorded one year earlier. Fastmarkets' price assessment for steel hot-dipped galvanized coil (cold-rolled base), fob mill US was at $106 per cwt on Thursday, up by 0.95% from $105 per cwt a...