Chinese quotes remain aggressive in US import HDG market

Tuesday, 01 July 2014 01:07:51 (GMT+3)   |   San Diego
       

Little has changed in terms of US import pricing for hot dipped galvanized (HDG) from India and China, as futures offers have remained neutral for the past two weeks.  However, Chinese mills are continuing to quote aggressively, according to trader sources, and are eager to fill their order books with US-bound tons. In terms of currently arriving material, June 24 data released by the Steel Monitoring Import and Analysis (SIMA) shows US hot dipped galvanized import tonnages from China for last month had reached 52,003 mt (license data) whereas import tonnages from India had reached 31,109 mt (license data).  For the month of May, import tonnages from China and India have been tallied at 81,155 mt and 43,656 mt, respectively.

 

Import HDG offers to the US Cwt. Metric ton (mt) Net ton (nt) Change from last week
         
0.012”x40.875” G30        
China* $42.00-$43.00  $926-$950 $840-$860 neutral
India* $42.50-$43.50 $937-$959 $850-$870 neutral
         
0.019" x 48" G90        
China* $40.50-$41.50 $893-$915 $810-$830 neutral
India* $42.50-$43.50 $937-$959 $850-$870 neutral
         
Import Galvalume offers to the US        
0.019x41.5625 Gr80/AZ55        
China* $43.00-$44.00 $948-$970 $860-$880 neutral
India* $43.00-$44.00 $950-$970 $860-$880 neutral
*DDP loaded truck in US Gulf ports

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