US galvalume steel prices hit new high for 3 consecutive months
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Update time : 2021-03-26 22:38:33
This month, the production volume of galvalume (GL) steel in the US still lagged behind demand, and the GL price hit a new high for three consecutive months. The recent GL price has risen by nearly 80% compared with that of last year.
Manufacturers and distributors mentioned that due to related equipment failures of some steel mills and ceased production for maintenance, GL output volume in March may be reduced.
Sources said that the prices of substrates such as HRC, CRC, and aluminum have soared, pushing up upward pressure on GL prices.
GL prices have risen sharply in the past six months due to insufficient inventory and rising prices of other steels. Although the uptrend seemed to slow down recently, the US market is entering a traditional peak season for the construction industry. Therefore, the GL supply will be in short supply continuously.
Production of LME deliverable KAS-branded aluminium at Kazakhstan’s Eurasian Resources Group has reached the four-million-tonnes milestone
