Steel Mills
October 25, 2022
HARDI: Optimism Prevails Despite Price Drop
Written by Becca Moczygemba
Galvanized prices continue to drop, as discussed during this month’s call of the Sheet Metal/Air Handling Council of the Heating, Air-conditioning & Refrigeration Distributors International (HARDI). Prices have been steadily dropping for the past six months despite stable demand.
A few highlights from the call include the differential between hot-rollled and cold-rolled coil being in the $300 per ton range, negotiations between the United Steelworkers union (USW) and US Steel having not yet been settled, and the International Trade Commission revoking the antidumping/countervailing duties on hot-rolled steel from Brazil, though Brazil is still limited by a Section 232 quota.
