US domestic HDG falls in line with overall flat rolled trend

Tuesday, 26 August 2014 23:19:34 (GMT+3)   |   San Diego

Pricing across all segments of the US domestic flat rolled market may have held steady in the past seven days, but sources close to SteelOrbis say an increasing number of transactions are taking place toward the bottom end of the most commonly reported ranges; US domestic hot dipped galvanized (HDG), it would seem, is no exception to that rule. What is interesting, though, is that this is a complete turnaround from the situation a week ago, when the greatest bulk of spot market transactions were taking place at the higher end of the current span.  “Prices may not have moved but order books aren’t exactly robust; things seem to be falling back a notch,” according to one Midwest-based service center. But for now, the most commonly reported spot price has held at sideways, still at approximately $37.00-$39.00 cwt. ($816-$860/mt or $840-$860/nt) ex-Midwest mill.

 

  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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