Less than two weeks after flat rolled steel mills announced they’d be raising price on US domestic HDG / Galvalume coil by $2.00 cwt. ($44/mt or $40/nt), effective with all new orders, spot market prices have started to firm.
The reason for the uptick, sources note, tie to two key factors: planned outages and lengthening lead times. Although prices are currently up, it’s unclear whether the full price increase will be realized.
This week’s price ranges for coated steel products are listed in the chart below.
| Product | $/cwt | $/mt | $/nt | Delivery | Weekly change |
| US domestic HDG base price | $37-$38 | $816-$838 | $740-$760 | ex-mill | up $1.00 cwt. |
| US domestic Galvalume base price | $37-$38 | $816-$838 | $740-$760 | ex-mill | up $1.00 cwt. |
| 0.019x41.5625 Gr80/AZ55 | $48-$49 | $1,058-$1,080 | $960-$980 | ex-mill | up $1.00 cwt. |