Steel Products Prices North America
April 22, 2022
SMU Deep Dive: Hot Rolled vs Galvanized Prices
Written by Brett Linton
The relationship between hot rolled and galvanized steel prices has fluctuated heavily over the past six months, with galvanized selling between a $200-545 per ton premium over hot rolled in that time frame. The premium reached record high levels as steel prices declined earlier this year, only beginning to dial back when steel prices reversed course in early March.
SMU’s hot rolled coil price averaged $1,480 per ton ($74 per cwt) last week and has risen six of the past seven weeks. Recall our index had reached a 14-month low of $1,000 per ton in the first week of March, following a record-high $1,955 per ton in September 2021. Our latest galvanized price index averaged $1,880 per ton ($94 per cwt) last week, and has remained steady or increased each of the past seven weeks. Galvanized prices peaked at $2,185 per ton last September, falling to a 12-month low of $1,420 in early March.
