Players within the US import hot dipped galvanized (HDG) and Galvalume coil markets seem to think the proverbial writing is on the wall and that a trade case filing against certain offshore producers of coated steel products could be imminent. Others point out the rumblings indicate a filing could happen before the end of the month. “At this point, we’re all just sitting here waiting for the ball to drop,” according to one Midwest-based source. “There’s still a lot of import that’s sitting around on the ground and since no one is in an emergent need-to-buy-now situation, customers are waiting on the sidelines until the situation becomes more clear.”
Import HDG offers to the US | Cwt. | Metric ton (mt) | Net ton (nt) | Change from last week |
0.012”x40.875” G30 | ||||
China* | $36-$38 | $793-$838 | $720-$760 | neutral |
India* | $38-40 | $838-$882 | $760-$800 | neutral |
0.019”x48” G90 | ||||
China* | $35.50-$36.50 | $783-$804 | $710-$730 | neutral |
India* | $37-$39 | $816-$860 | $740-$780 | neutral |
Import Galvalume offers to the US | ||||
0.019x41.5625 Gr80/AZ55 | ||||
China* | $37-$39 | $816-$860 | $740-$780 | neutral |
India* | $39-$41 | $860-$904 | $780-$820 | neutral |
Brazil* | $38-$40 | $838-$882 | $760-$800 | neutral |
Korea* | $39-$41 | $860-$904 | $780-$820 | neutral |
Taiwan* | $39-$41 | $860-$904 | $780-$820 | neutral |
Mexico | $39-$40 | $860-$882 | $780-$800 | neutral |
*DDP loaded truck in US Gulf ports |