Wholesalers Report Growing Optimism While Trucking Problems Persist

Earlier today, Steel Market Update (SMU) participated in the monthly galvanized steel with members of HARDI. The last conference call was held the day after ArcelorMittal has announced the first of two price increases during the month of March (Galvanized base of $39.50/cwt). The purpose of today’s call was to discuss what has been happening in the galvanized market since our last call.

The group discussed the second price increase announcements which took galvanized up to $40.75/cwt (Nucor, April 4, 2014) as well as the production situations at US Steel Gary and Great Lakes which are tightening up lead times.