The still-going downtrend for US domestic hot dipped galvanized (HDG) spot market prices has many buyers reluctant to book tonnages from offshore mills.
At current, US domestic HDG spot market prices for 0.012”x40.875” G30 coil is trending at $42-$44 cwt ($926-$970/mt or $820-$880/nt), ex-Midwest mill, which reflects a $1.00 cwt. dip from levels heard one week ago.
In comparison, the sales price for the same imported product in the US domestic market from Pakistan, the UAE, Turkey and South Africa is being heard at $39-$41 cwt. ($860-$904/mt or $780-$820/nt), DDP loaded truck in US Gulf coast ports. Trader sources report that while offshore offers are still $3.00 cwt. ($66/mt or $60/nt) less than US domestic offerings, the offshore price is “not really garnering a whole lot of interest, because buyers feel that domestic pricing still hasn’t bottomed out yet.”
US domestic HDG spot market prices for 0.019”x48” G90, on the other hand, continue to hold at $42-$44 cwt ($926-$970/mt or $820-$880/nt), ex-Midwest mill, but this is only $2.00 cwt. above the sales price for the same imported product in the US domestic market from Turkey, Thailand and Brazil. The lack of price differential between domestic and import pricing levels for 0.019”x48” G90 coil is also failing to attract buyers.
| 0.012”x40.875” G30 | cwt. | metric ton | net ton | change in the past week | |
| USA ex-Midwest mill | $42-$44 | $926-$970 | $840-880 | Ex-Midwest mill | down $1.00 cwt. |
Pakistan / UAE / Turkey South Africa | $39-$41 | $860-$904 | $780-$820 | DDP loaded truck in US Gulf coast ports | neutral |
| 0.019”x48” G90 | |||||
| USA ex-Midwest mill | $42-$44 | $926-$970 | $840-$880 | Ex-Midwest mill | neutral |
| Turkey / Thailand / Brazil | $40-$42 | $882-$926 | $800-$840 | DDP loaded truck in US Gulf coast ports | neutral |