Although most offer prices for US import hot dipped galvanized (HDG) and Galvalume coil have remained steady week-on-week, trader sources continue to report that offshore Galvalume producers are eager to make deals with anyone who is wanting to book a larger order. Those types of transactions, though, seem to be the exception to the rule.
Import Galvalume offer prices are currently trending in the same range as US spot market offers; many buyers are reluctant to book offshore due to the current pricing volatility within the domestic market. “No one wants to book an order for months-out arrival only to see domestic prices fall off before it gets here,” according to one Texas-based source.
| Import HDG offers to the US | Cwt. | Metric ton (mt) | Net ton (nt) | Change from last week |
| 0.012”x40.875” G30 | ||||
| China* | $36.50-$38.00 | $805-$838 | $730-$760 | neutral but flexible |
| India* | $38-40 | $838-$882 | $760-$800 | down $1.00 cwt. |
| 0.019”x48” G90 | ||||
| China* | $35.50-$36.50 | $783-$804 | $710-$730 | neutral but flexible |
| India* | $39-$40 | $860-$882 | $780-$800 | down $1.00 cwt. |
| Import Galvalume offers to the US | ||||
| 0.019x41.5625 Gr80/AZ55 | ||||
| China* | $41-$42 | $904-$926 | $820-$860 | neutral but flexible |
| India* | $40-$42 | $882-$926 | $800-$840 | neutral but flexible |
| Brazil* | $40-$41 | $882-$904 | $800-$820 | neutral but flexible |
| Korea* | $40-$42 | $882-$926 | $800-$840 | neutral but flexible |
| Taiwan* | $40-$42 | $882-$926 | $800-$840 | neutral but flexible |
| Mexico | $40-$42 | $882-$926 | $800-$840 | neutral but flexible |
| *DDP loaded truck in US Gulf ports |
And while Chinese mills still have a price advantage over US producers for 0.012”x40.875” G30 and 0.019”x48” G90; trade case rumors continue to have many buyers exercising caution.