US domestic HDG at “slow start” after Labor Day

Wednesday, 03 September 2014 00:49:45 (GMT+3)   |   San Diego

Activity within the US domestic hot dipped galvanized (HDG) has trended mostly quiet for the past seven days, as many are just now returning to work after the three-day holiday weekend.   And in the absence of mass activity, it’s not surprising that prices have held lateral.  The most commonly reported spot price transaction range continues to hold at approximately $37.00-$39.00 cwt. ($816-$860/mt or $840-$860/nt) ex-Midwest mill, with a number of deals taking place toward the bottom end of that range.  Although it was speculated that US flats mills would roll out price increases right after Labor Day, that has not yet happened, although sources close to SteelOrbis still think one is imminent.

 

  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

 


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