The most commonly reported spot price transaction range for US domestic HDG has widened by approximately $1.00 cwt. ($22/mt or $20/nt) on the bottom end since our last report a week ago, bringing the new most-common transaction range to $36.00-$38.00 cwt. ($794-$838/mt or $720-$760/nt) ex-Midwest mill. This follows a $1.00 cwt. ($22/mt or $20/nt) narrowing on the top end the range reported during the first full week of the month.
Although prices in the immediate-term may be softening, the market is trending mostly steady year-on-year with spot prices only up $1.00 cwt. on the high end from the range reported in mid-October of 2013. Current Galvalume coil prices however, with the specifications of 0.019" x 41.5625" Gr80/AZ55, are trending $1.50 cwt. ($33/mt or $30/nt) less than they were during this time last year.
Cwt. | Metric Ton (mt) | Net ton (nt) | Change from last week | |
US domestic HDG base price | $36.00-$38.00 | $794-$838 | $720-$760 | down $1.00 cwt. on bottom end |
0.012”x40.875” G30 | ||||
ex-Midwest mill | $44.50-$46.50 | $981-$1,025 | $890-$930 | down $0.50 on the bottom end |
0.019”x48” G90 | ||||
ex-Midwest mill | $46.00-$47.00 | $1,014-$1,036 | $920-$940 | down $0.50 on the top end |
US domestic Galvalume base price | ||||
ex-Midwest mill | $36.50-$38.50 | $805-$849 | $730-$770 | down $0.50 on the bottom end |
0.019x41.5625 Gr80/AZ55 | ||||
ex-Midwest mill | $44.00-$46.00 | $970-$1,014 | $880-$920 | down $1.00 cwt. |