Indian HDG coil offers for the US, sized 0.012" x 48" G30 (0.30 mm x 1.219 m), have decreased by approximately $50 /mt in the last week. Offerings are now in the range of $1,100 /mt to $1,150 /mt CFR FO Gulf ports. Prices are expected to continue trending downwards.
For the same size and coating, Chinese offers have also decreased by about $50 /mt since SteelOrbis' report last week, and now ranging from $1,100 /mt to $1,150 /mt CFR FO West Coast ports.
Chinese offers for 0.019" x 48" G90 (0.48 mm x 1.219 m) have decreased by approximately $100 /mt since last week, and are now at the level of $1,100 /mt to $1,150 /mt CFR FO Gulf Coast ports.
For sizes 0.028" x 48" G40 (0.71 mm x 1.219 m), Chinese offers have decreased by about $35 /mt in the last week, with most offers now in the range of $975 /mt to $1,025 /mt CFR FO West Coast ports.