The most commonly heard spot price transaction range for base price US domestic hot dipped galvanized (HDG) continues to hold at approximately $41.50-$43.50 cwt. ($915-$959/mt or $830-$870/nt), ex-mill, but sources close to SteelOrbis say that deals up to $1.00 cwt. ($22/mt or $20/nt) are available to certain buyers based on the size of the order.
Multiple sources close to SteelOrbis say they believe that market prices will continue to correct in the upcoming weeks.
“We’re staring the summer season directly in the face,” one source said. “Activity and pricing always trends soft into the summer months and I can’t imagine this year will be any different.”
In terms of lead times, those also remain “mostly steady,” sources note, at six to ten weeks, depending on the mill.
| Cwt. | Metric Ton (mt) | Net ton (nt) | Change from last week | |
| US domestic HDG base price | $41.50-$43.50 | $915-$959 | $830-$870 | neutral with deals |
| 0.012”x40.875” G30 | ||||
| ex-Midwest mill | $48-$50 | $1058-$1102 | $960-$1000 | neutral with deals |
| 0.019”x48” G90 | ||||
| ex-Midwest mill | $48-$50 | $1058-$1102 | $960-$1000 | neutral with deals |
| US domestic Galvalume base price | ||||
| ex-Midwest mill | $41.50-$43.50 | $915-$959 | $830-$870 | neutral with deals |
| 0.019x41.5625 Gr80/AZ55 | ||||
| ex-Midwest mill | $49-$51 | $1080-$1124 | $980-$1020 | neutral with deals |