Steel Mills
September 22, 2020
Jump in Galvanized Price Surprises HARDI Wholesalers
Written by Tim Triplett
Wholesalers who sell HVAC and galvanized steel products to the construction sector have been pleasantly surprised by the resilience of demand in a market dealing with the COVID pandemic. They have been downright shocked by the spike in galvanized steel prices, which have jumped by about $7/cwt or $140 per ton in just the past 4-6 weeks.
Steel Market Update’s check of the market this week puts the average spot price for galvanized at $770 per ton, up from a low of $630 per ton in late July.
