US domestic HDG and Galvalume pricing continues to fall

Tuesday, 25 February 2014 01:24:49 (GMT+3)   |   San Diego
       

Offers on US domestic hot dipped galvanized (HDG) and Galvalume products started to soften at the start of the year and spot pricing has continued that trend this week with a dip in both HDG and Galvalume base prices.

Pricing on US domestic HDG base price dropped $1.00 cwt. ($22/mt or $20/nt) to $37.00-$39.00 cwt. ($816-$860/mt or $740-$780/nt). Similarly, offers on HDG with the specifications 0.012” x 40.875” G30 and 0.019” x 48” G90 both softened $1.00 cwt. ($22/mt or $20/nt) ex-mill. This week, 0.012” x 40.875” G30 stood in the approximate range of $47.00-$48.50 cwt. ($1,036-$1,069/mt or $940-$970/nt) ex-mill and 0.019” x 48” G90 with a tighter general range of $47.00-$48.00 cwt. ($1,036-$1,058/mt or $940-$960/nt) ex-mill.

Even more notable is the $2.00 cwt. drop in US domestic Galvalume base prices this week. Offers can now be found in the general range of $37.00-$38.50 cwt. ($816-$849/mt or $740-$770/nt) ex-mill.

Sources tell SteelOrbis many buyers had held off on making deals while waiting for this softening, and activity is projected to pick up this week.

 

 Cwt.Metric Ton (mt)Net ton (nt)Change from last week
US domestic HDG base price$38.00-$39.50$816-$860$740-$780↓1.00 cwt.
     
0.012”x40.875” G30    
ex-Midwest mill$47.00-$48.50$1,036-$1,069$940-$970↓1.00 cwt.
     
0.019”x48” G90    
ex-Midwest mill$47.00-$48.00$1,036-$1,058$940-$960↓1.00 cwt.
     
US domestic Galvalume base price    
ex-Midwest mill$37.00-$38.50$816-$849$740-$770↓2.00 cwt.
     
0.019x41.5625 Gr80/AZ55    
ex-Midwest mill$46.00-$48.00$1,014-$1,058$920-$960neutral

Similar articles

Ex-India HDG and CRC prices edge down, trade remains in doldrums

28 Mar | Flats and Slab

HDG consumption in Mexico up 12.0 percent in January

27 Mar | Steel News

Japanese crude steel output down 3.8 percent in February from January

27 Mar | Steel News

US flats source believe HRC prices are “at or near the bottom”

22 Mar | Flats and Slab

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

22 Mar | Flats and Slab

Ex-India HDG prices stable due to silent trade amid multiple cheaper alternatives for buyers

21 Mar | Flats and Slab

Chinese HDG export prices fall slightly, but local market improves

21 Mar | Flats and Slab

Flat steel prices in local Taiwanese market - week 12, 2024

21 Mar | Flats and Slab

Turkey’s coated steel export prices weaken

20 Mar | Flats and Slab

MMK reports record coated rolled product shipments to local market in 2023

19 Mar | Steel News