SteelOrbis has learned that Indian hot dipped galvanized (HDG) coil offers for the US with the specifications of of 0.012" by 40.875" G30 (0.30 mm x 1.04 m) have remained stable since last week, with most offers still ranging from $810/mt to $830/mt CFR FO in US Gulf ports. Indian offers to the US of 0.019" x 48" G90 (0.48 mm x 1.219 m) HDG coils have also remained stable since last week, with most offers still ranging from $830/mt to $850/mt CFR FO in US Gulf ports.
Meanwhile, Taiwanese offers of 0.012" G30 HDG coil to the US continue to range from $875/mt to $900/mt CFR FO in US Gulf ports. Taiwanese offers of 0.019" G90 to the US are unchanged since last week, remaining at a range of $900/mt to $920/mt CFR FO in US Gulf ports. However, traders say that Taiwanese mills are currently the most aggressive right now as regards HDG offers to the US, and there may be the potential to negotiate prices downwards by as much as $20/mt from the abovementioned levels.
Import HDG coil offers from China to the US have remained unchanged since a week ago. Import HDG coil offers from China to the US, with the specifications of 0.012" G30 still range from approximately $780/mt to $800/mt CFR FO US Gulf ports. Chinese offers of 0.019" G90 for the US are still ranging from $800/mt to $820/mt CFR FO in US Gulf ports.
Korean offers of HDG to the US are still priced higher than those of other sources, with most Korean offers of 0.012" G30 remaining since last week at a level of $950/mt to $970/mt CFR FO US Gulf ports, and offers of 0.019" G90 still ranging from approximately $900/mt to $920/mt CFR FO in US Gulf ports.
While import HDG coil offers for the US have trended sideways since last week, most import offers of Galvalume (0.019" x 41.5625" Gr80/AZ55) coils for the US have come down by about $20/mt since last week. Offers from Taiwan, India, and China have all decreased by $20/mt within the last week, with Taiwanese offers now ranging from $840/mt to $880/mt CFR FO in US Gulf ports, and both Indian and Chinese offers now ranging from $880/mt to $900/mt CFR FO in US Gulf ports.