Mills’ still-lagging capacity utilization rates coupled with “absolutely bonkers pent-up steel demand” has helped push US domestic HDG and Galvalume coil pries up, once again, week-over-week.
“No one should be surprised by how this is all playing out,” a source said. “Mills are busier than ever, the steel supply crunch is real, and until mills get caught up, new capacity comes online, or demand magically winds down, this is what we’re facing.”
Current prices are listed in the chart below.
| Product | $/cwt | $/mt | $/nt | weekly change | Delivery |
| US domestic HDG base price | $77-$78 | $1,698-$1,720 | $1,540-$1,560 | up $2.00 cwt. | ex-mill |
| 0.012” G30 HDG coil | $87-$88 | $1,918-$1,940 | $1,740-$1,760 | up $2.00 cwt. | ex-mill |
| US domestic Galvalume base price | $77-$78 | $1,698-$1,720 | $1,540-$1,560 | up $2.00 cwt. | ex-mill |
| 0.019x41.5625 Gr80/AZ55 | $89+ | 1984+ | $1,800+ | neutral | ex-mill |