Chinese producers of hot dipped galvanized (HDG) may be in the mindset of “getting while the getting is good,” as futures prices for 0.019”x48” G90 HDG have ticked down once again. Trade case rumors are still swirling through the market, according to sources, and this may be China’s last ditch attempt to get orders in before a filing takes place. And while some traders are certainly biting, others seem less willing to make the gamble.
In terms of India, futures prices have held at sideways since our last report a week ago, for both base and specialty grades of HDG, with order activity and inquiries holding steady.
| Import HDG offers to the US | Cwt. | Metric ton (mt) | Net ton (nt) | Change from last week |
| 0.012”x40.875” G30 | ||||
| China* | $42.00-$43.00 | $926-$950 | $840-$860 | neutral |
| India* | $42.50-$43.50 | $937-$959 | $850-$870 | neutral |
| 0.019" x 48" G90 | ||||
| China* | $40.50-$41.50 | $893-$915 | $810-$830 | down $0.50 cwt. |
| India* | $42.50-$43.50 | $937-$959 | $850-$870 | neutral |
| Import Galvalume offers to the US | ||||
| 0.019x41.5625 Gr80/AZ55 | ||||
| China* | $43.00-$44.00 | $948-$970 | $860-$880 | neutral |
| India* | $43.00-$44.00 | $950-$970 | $860-$880 | neutral |
| *DDP loaded truck in US Gulf ports | ||||