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The spread between cold-rolled coil and HDG base prices to hot-rolled coil narrowed, with the daily Platts TSI HRC assessment remaining unchanged from Friday at $821.50/st. One buy-side source indicated that the spread between the two value-added products had almost completely collapsed when compared to HRC.

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Fastmarkets assessed the domestic base price for hot-dipped galvanized coil at $40 per cwt ($800 per ton) on Thursday January 24, while the price for coated steel with a G90 coating likewise fell by 50 cents per cwt to $44.75 per cwt ($895 per ton).

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