US domestic HDG market asks “where is our trade case”?

Tuesday, 09 September 2014 00:06:17 (GMT+3)   |   San Diego
       

There has been quite a bit of speculation within the US domestic hot dipped galvanized (HDG) market about when and if a trade case will be followed.  Although some speculated it would come the Friday before Labor Day, others thought it would come by the end of last week.  Today, the newest chatter points to the end of the month, although at this point, everyone seems to agree that “rumor and speculation” is just that.  For now, the US domestic spot price transaction range remains at approximately $37.00-$39.00 cwt. ($816-$860/mt or $840-$860/nt) ex-Midwest mill, although an increasing number of deals are taking place on the lower end of that range.  What is of note, though, is that sources close to SteelOrbis say that mills have become increasingly flexible when it comes to sales of 0.019x41.5625 Gr80/AZ55 Galvalume, and may be more open to offering deals slightly below the most commonly reported range.

 

  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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