Galvalume prices in the United States rose to a record high for a third month in a row, with consumers scrambling to find supply while production continues to lag demand.
"The Galvalume supply chain across the entire United States is stressed," a distributor said. "Inventory levels of consumers and distributors are at low levels; the domestic mills have not been able to catch up on past-due orders, and there has not been a big volume of imported Galvalume."Fastmarkets' monthly price assessment for steel coil Galvalume, fob mill US jumped to $70 per hundredweight ($1,400 per short ton) on Tuesday March 16, its highest since Fastmarkets began assessing this price in January 1994. This marks the third month in...