Galvalume prices in the United States climbed to an all-time high for a ninth consecutive month, with market participants projecting that the rally might be coming to an end due to a recent upsurge in imports.
"Time is on our side," a distributor source said. "During the fourth quarter, imports will lead the way." Fastmarkets' monthly price assessment for steel coil Galvalume, fob mill US was at $106 per hundredweight ($2,120 per short ton) on Tuesday September 21 up by 3.92% from $102 per cwt in August and almost triple the $36 per cwt recorded in the same month last year. This is the highest level since Fastmarkets began assessing this price in January 1994.Inputs were collected in a wide range of $89-114 per cwt, with the low end representing deals by large buyers and the high end those by small buyers. Three deals reported above $107 per cwt did not...