Is US domestic HDG pricing on an upswing?

Tuesday, 29 July 2014 01:16:14 (GMT+3)   |   San Diego
       

The pricing pendulum for US domestic flats products has started to swing toward the high end of their average ranges, and US domestic hot dipped galvanized (HDG) is no exception to the rule.  Although the most commonly reported spot price range has held at approximately $37.00-$39.00 cwt. ($816-$860/mt or $840-$860/nt) ex-Midwest mill, deals toward the bottom end of the range are becoming fewer and farther between.  Rumor has it that flats mills could roll out an official price increase for hot rolled coil before Labor Day, although it’s too soon to tell if they’ll try to firm HDG prices as well.  In terms of general market activity, orders and inquiries are steady and “better than expected” according to SteelOrbis sources, who predict this trend to sustain throughout the summer.

 

  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

Similar articles

Flat steel prices in local Taiwanese market - week 16, 2024

18 Apr | Flats and Slab

Turkish flats prices generally stabilize after holiday

16 Apr | Flats and Slab

Flat steel prices in local Taiwanese market - week 15, 2024

11 Apr | Flats and Slab

Baosteel cuts local HRC prices by $14/mt for May

11 Apr | Flats and Slab

Turkey’s coated and CRC prices mainly down amid low demand

05 Apr | Flats and Slab

Flat steel prices in local Taiwanese market - week 14, 2024

04 Apr | Flats and Slab

Romania's flats traders cut HRS prices, mill’s prices stable

04 Apr | Flats and Slab

Ussuri Capital to build low-carbon emissions flats plant in Romania

29 Mar | Steel News

Flat steel prices in local Taiwanese market - week 13, 2024

28 Mar | Flats and Slab

Romania’s sole flats mill cuts HRC prices, raises HDG and PPGI prices

22 Mar | Flats and Slab