Galvalume prices in the United States have climbed to their highest in more than two years due to demand outstripping supply - a situation that likely will not be remedied in early 2021, market participants said.
"Not everyone who buys Galvalume can get what they need," a producer said. "I see Galvalume rising further."Fastmarkets assessed the price for steel coil Galvalume, fob mill US at $48 per hundredweight ($960 per short ton) on Tuesday December 15, up by 9.09% from $44 per cwt on November 17 and up by 31.51% from $36.50 per cwt in December 2019. The current assessment is the price's highest since it stood at $48.50 per cwt in mid-October 2018. Inputs ranged from $45-55 per cwt,...