Galvanized Spot Pricing as of 2/5/14. As you can see pricing has leveled off at over the past few months and has even started to slightly decline. The January increases that many have come to expect never arrived. It seems that with an uncertain market no one is buying more steel than they need. We are expecting a lot of foreign metal to enter the market soon, with a large gap in price. Scrap prices are also on the decline. This could be seen as reason for domestic mills to lower their prices.