Deal-making increasingly prevalent for US domestic HDG

Tuesday, 21 October 2014 01:15:43 (GMT+3)   |   San Diego
       

Last week, across the board price softening was seen for US domestic HDG, with base price HDG spots ticking down about $1.00 cwt. ($22/mt or $20/nt), while spot prices for coating extras fell by $0.50 cwt. ($11/mt or $10/nt).  This week, despite the most commonly reported spot price transaction ranges having remained neutral, still at approximately $36.00-$38.00 cwt. ($794-$838/mt or $720-$760), ex-Midwest mill, sources close to SteelOrbis say there are deals to be had. US domestic 0.019”x48 G90 is falling, as is 0.019" x 41.5625" Gr80/AZ55 Galvalume, according to sources, and if scrap and hot rolled coil prices continue to decline, “we could see HDG prices tick down a few more notches as well.”

 

  Cwt. Metric Ton (mt) Net ton (nt) Change from last week
US domestic HDG base price $36.00-$38.00 $794-$838 $720-$760 neutral
         
0.012”x40.875” G30        
ex-Midwest mill $44.50-$46.50 $981-$1,025 $890-$930 neutral
         
0.019”x48” G90        
ex-Midwest mill $46.00-$47.00 $1,014-$1,036 $920-$940 neutral
         
US domestic Galvalume base price        
ex-Midwest mill $36.50-$38.50 $805-$849 $730-$770 neutral
         
0.019x41.5625 Gr80/AZ55        
ex-Midwest mill $44.00-$46.00 $970-$1,014 $880-$920 neutral

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