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    May 14, 2024

    Galvanized prices maintain big premium over HR

    Written by Laura Miller

    Prices for hot-rolled (HR) coil in recent weeks have been declining faster than those for galvanized sheet, resulting in a growing price spread between the two steel products.

    HR prices, on average, have fallen 9% since mid-April to $735 per short ton (st), as of May 7. (Note this article was written before SMU prices were updated on Tuesday, May 14.) At the same time, average galvanized prices have declined by just 3% to $1,100/st.

    Laura Miller

    Laura Miller is a reporter and editor for Steel Market Update. She has held various editorial positions with steel industry publications, associations, and mills since 2007. She joined the SMU team in 2022. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania.

    Read more from Laura Miller

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