Tag: Hot-Dipped Galvanized

The percentage of steel buyers saying mills were willing to negotiate spot pricing has fallen for all products SMU surveys, according to our most recent survey data.

Flat-rolled steel prices were in a holding pattern ahead of Thanksgiving.

The spread between hot-rolled coil (HRC) and galvanized sheet base prices has been hovering near $200 per net ton since late July, according to SMU’s latest analysis.

US steel imports continue to arrive at a steady pace, as total import licenses in October were about even with September’s import levels.

The percentage of steel buyers saying mills were willing to negotiate spot pricing fell for hot rolled this week, while plate's negotiation rate shot up, according to SMU's most recent survey data.

Lead times for most sheet products were pushed out even further this week as domestic prices continue to rise. Plate lead times, meanwhile, contracted on falling prices and waning demand.

Mill lead times for flat-rolled products pushed out this week once again across the board.

Steel buyers said mills are less willing to budge on spot pricing for sheet products, but plate bucked this trend, according to SMU’s most recent survey data.

Sheet prices rose for a fourth consecutive week following a second wave of price hikes announced by domestic mills.

Members of the Heating, Air-Conditioning & Refrigeration Distributors International (HARDI) were bullish at the Tuesday, Oct. 24, meeting of its Sheet Metal/Air Handling Council.

Sheet prices notched a third consecutive week of gains on limited supply and stable demand outside of automotive operations impacted by the UAW strike.

Azz Inc. swung to a profit in its fiscal second quarter of 2024 as its metal coatings business was lifted by infrastructure spending.

The mill negotiation rate for all products SMU looks at fell this week, with hot rolled dropping 13 percentage points, according to our most recent survey data.

This week’s survey showed steel mill lead times extending across all product lines tracked by SMU.

Sheet prices moved upward for the second week in a row despite the ongoing UAW strike and concerns in some corners that momentum from a price hike last month might be fading, market participants said.

A slowdown in US steel imports has yet to be seen, as total import licenses in September were about even with August’s import levels.

Sheet prices rose this week on the heels of a price increase announced by Cleveland-Cliffs last week that was quietly followed by other mills.

While lead times for sheet again had mixed movements this week, those for plate collapsed, according to SMU’s most recent market survey.

The overall steel mill negotiation rate remained level this week vs. two weeks earlier, but plate’s rate fell by 15 percentage points, according to SMU’s most recent survey data.

Hot-rolled coil prices were down again this week, continuing a streak of week-over-week (WoW) declines that began in early/mid-July.

Sheet prices slipped again this week on news of the United Auto Workers (UAW) strike and continued caution among some consumers.

The spread between hot-rolled coil (HRC) and galvanized sheet base prices widened throughout the summer as hot rolled prices declined faster than those of galvanized.

Steel mill lead times were basically flat again this week compared to our previous market check, with production times shrinking slightly for hot rolled and cold rolled, and extending for galvanized, Galvalume, and plate.

Sheet prices fell across the board ahead of what many market participants predict will be a strike by the United Auto Workers (UAW) later this week.

Sheet prices declined again this week amid persistent concerns about a potential strike at union-represented automakers.

The overall mill negotiation rate slipped this week, though plate jumped, rising by 25 percentage points, according to SMU's most recent survey data.

Sheet prices have fallen this week, after a small pause last week when prices saw mixed results. Tags have now been largely trending lower since July.

Sheet prices were mixed this week after trending lower for most of July and earlier in August. SMU’s average hold-rolled coil (HRC) price slipped to $750 per ton.

Mill lead times for most sheet products this week were basically flat compared to SMU's market check two weeks ago. Those for plate shortened once again.

Sheet prices slipped again, continuing a trend of lower week-over-week tags that began in mid-July.