Galvanized Price Premium Over Hot Rolled Nears One-Year Low

The spread between hot-rolled and galvanized coil base prices continues to ease, now standing at the lowest level seen in almost one year.

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.