US Galvalume prices have fallen to multi-year lows, matching declines seen in other flat-rolled steel products, but appear poised for a rebound - or at least a stabilization - over the next month following a wave of mill price increases, sources said.
Fastmarkets' monthly price assessment for steel coil Galvalume, fob mill US fell to $34.50 per hundredweight ($690 per short ton) on Tuesday November 19, down by 2.8% from $35.50 per cwt in mid-October and down by 6.8% from $37 per cwt in mid-September.Lead times average six to eight weeks but are out as far as three months - or into late January 2020 - at certain suppliers, according to...