Steel Products Prices North America
October 6, 2022
SMU Price Analysis: Galvanized Premium Over Hot Rolled Shrinking
Written by Brett Linton
The spread between hot-rolled coil and galvanized base prices has narrowed further since our September update, now standing at a 28-week low. This is now the second lowest level seen in the past 10 months, just behind the March 2022 low of $300 per net ton.
The relationship between hot rolled and galvanized prices has been volatile since late 2021. In the last year, galvanized has sold at a premium of as little as $195 per ton over hot rolled to as much as $545 per ton ($9.75-$22.25 per cwt) higher. The premium reached a record high in February, quickly narrowed in March, and has bounced around since then.
