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 |