Service Centers
December 4, 2022
Spread Between Hot Rolled and Galvanized Prices Eases
Written by Brett Linton
The spread between hot-rolled coil (HRC) and galvanized coil base prices continues to decline, now the lowest level recorded in almost 14 months.
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 $250 per ton ($12.50 per cwt) over hot rolled to as high as $545 per ton ($22.25 per cwt). The premium reached a record high in February, quickly narrowed in March, rebounded over the summer months, and has since declined (Figure 1).
