US HDG prices jumped by $70/short ton to $1,000/st, while CRC prices jumped by $80/st to $1,000/st ex-works. Repeatable HDG price offers were at $1,000/st, with steel mills pushing minimum prices and some buyers reporting offers as high as $1,050/st.
Galvanized supply tightened significantly in the last week, with lead times jumping to 10.5 weeks from 8.1 weeks. Repeatable CRC offers also rose to $1,000/st, with a mill reporting selling at $1,000/st. CRC lead times also jumped to 10.5 weeks from 7.2 weeks, with supply seemingly nonexistent for the rest of the year.
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