Galvalume Supplies Looking Tight in Q4

Galvalume supplies are shaping up to be tight in the fourth quarter, but fears of a shortage may be overstated, sources tell Steel Market Update. Despite a recent press report to the contrary, Galvalume is one of the strongest steel sectors right now.

galvanized coil “There is no shortage at the right price,” said one mill executive. “Customers are busy and some have let inventories run down too far. So, some buyers are locking down tonnage during the off season so their cupboards are not empty come spring. When you get commitments for decent tons for late Q4 and you had planned on being down, it makes the market seem tight. When mills don’t roll over at a cheap price proposal with meaty tons, the customers equate that with a shortage.”