Galvanized Wholesalers Report They Have Begun to Buy Again

This morning Steel Market Update (SMU) participated in the monthly galvanized steel conference call hosted by HARDI. The conference call is for those HARDI wholesalers who sell galvanized sheet and coil to the HVAC mechanical contractors around the United States and Canada.

Since the last conference call held during the later days in February, galvanized steel spot prices (mill) have declined approximately $25 per ton according to the Steel Market Update index. However, as one of the call participants put it, “There is less free fall in March in pricing from what we saw in January and February. There is a little more discipline from the mills. They are asking for bigger tons in order to entice someone to provide a little better price.”