Spot market prices within the US import coated steel markets have continued to rise, sources said, as global demand continues to exceed global capacity increases. Prices have jumped notably in the past 2 weeks, sources said, adding that it’s likely that additional upticks are on the horizon. “This can’t and won’t last forever, but for now, the mills can essentially name their price. If people want steel, they need to pay up.”
Also notable, is that US domestic pricing has continued to rise, as well. Current prices are listed in the chart below:
| 0.012” G30 HDG coil | $/cwt | $/mt | $/nt | Change since Nov. 16 | Delivery |
| South Africa / UAE/ Vietnam / Korea | $56-$58 | $1,235-$1,279 | $1,120-$1,160 | previously heard at $50-$53 cwt. | DDP loaded truck in US Gulf ports |
| Galvalume coil 0.019x41.5625 Gr80/AZ55 | |||||
| Vietnam / Korea | $57-$59 | $1,257-$1,301 | $1,140-$1,160 | previously heard at $52-$55 cwt. | DDP loaded truck in US Gulf ports |