Prices for cold-rolled and galvanized steel sheet in the United States strengthened to new all-time highs again after market participants judged the upcoming maintenance outages at domestic mills as problematic for short-term spot availability.
Fastmarkets' weekly assessment for steel cold-rolled coil, fob mill US jumped to $109.50 per hundredweight ($2,190 per short ton) on Thursday September 16 from $108 per cwt on Thursday September 9. The assessment has spiked by 204.2% over the past year.Fastmarkets' assessment for steel hot-dipped galvanized coil (cold-rolled base), fob mill US climbed to $110 per cwt on Thursday from $109 per cwt a week earlier. The price has gained 193.3% in 52 weeks.Fastmarkets' weekly assessment for steel hot-dipped galvanized coil (hot-rolled base), fob mill US rose to $109.50 per cwt from $108.50 per cwt. That price is up 192% since its debut in October 2020.All three of those assessments are new record highs. Inputs were collected in a range of $108-115 per cwt for both CRC and galvanized...