Spot market prices within the US domestic HDG market continue to hold steady, although sources tell SteelOrbis that buyers are concerned that a predicted uptick in March scrap prices could push prices higher. “What we saw in Texas and throughout most of the South, Southeast and East coast last week was nothing short of a black swan event,” a source said. “Scrap collection nearly ground to a halt and we won’t know how much of an impact that’s going to have on finished steel prices until scrap starts trading next week. Other than that, the market hasn’t changed. Prices are still high and buyers don’t want to do any significant stocking out of concern that prices could soon swing in the other direction.”
Current prices are listed in the chart below.
| Product | $/cwt | $/mt | $/nt | Previous range | Delivery |
| US domestic HDG base price | $70 +/- | $1,543 | $1,400 | $65-$67.50 | ex-mill |
| US domestic Galvalume base price | $70 +/- | $1,543 | $1,400 | $65-$67.50 | ex-mill |
| 0.019x41.5625 Gr80/AZ55 | $80+ | $1,763 | $1,600 | $75 | ex-mill |