Have US domestic HDG prices started to trend on the flexible side?

Tuesday, 30 September 2014 00:56:11 (GMT+3)   |   San Diego
       

The most commonly reported spot price transaction range for US domestic hot dipped galvanized (HDG) may have remained steady since our last report a week ago, although sources close to SteelOrbis cite an increased belief that “if anyone showed up wanting to book a few hundred tons, they could easily get deals below that range”; Galvalume prices, which were also seen as being increasingly flexible toward the middle to late part of September, have also continued along this trend. On the flip side of that coin, few, if anyone is looking to stockpile their inventories at this point and if anything, buyers are placing orders on an as-needed basis in order to fill gaps. 

 

  Cwt. Metric Ton (mt) Net ton (nt) Change from last week
US domestic HDG base price $37.00-$39.00 $816-$860 $740-$780 neutral
         
0.012”x40.875” G30        
ex-Midwest mill $45.00-$46.50 $992-$1,025 $900-$930 neutral
         
0.019”x48” G90        
ex-Midwest mill $46.00-$47.50 $1,014-$1,047 $920-$950 neutral
         
US domestic Galvalume base price        
ex-Midwest mill $37.00-$38.50 $816-$849 $740-$770 neutral
         
0.019x41.5625 Gr80/AZ55        
ex-Midwest mill $45.00-$47.00 $992-$1,036 $900-$940 neutral

 

 


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