The week-on-week pricing trend within the US domestic hot dipped galvanized (HDG) market has emerged at “soft-sideways”; last week’s average spot price transaction range for base-price HDG coil, which was $29.00-$31.00 cwt. ($639-$683/mt or $580-$620/nt) ex-Midwest mill, is mostly steady although rumors of deals slightly below this range for larger orders are permeating the market.
As March comes to a close many buyers have their eyes on April. Many are curious as to where the US domestic scrap market will settle and question what type of impact those levels will have on US domestic flats products. Some regions of the US think prices could be slightly up while others predict a soft-sideways trend. And while stable scrap prices certainly won’t hurt the US domestic HDG market, they will do little to help with the larger problem of “too much steel and not enough orders.”
| Cwt. | Metric Ton (mt) | Net ton (nt) | Change from last week | |
| US domestic HDG base price | $29-$31 | $639-$683 | $580-$620 | neutral with rumors of deals |
| 0.012”x40.875” G30 | ||||
| ex-Midwest mill | $38-$40 | $838-$882 | $760-$800 | neutral with rumors of deals |
| 0.019”x48” G90 | ||||
| ex-Midwest mill | $38-$40 | $838-$882 | $760-$800 | neutral with rumors of deals |
| US domestic Galvalume base price | ||||
| ex-Midwest mill | $30-$32 | $661-$705 | $600-$640 | neutral with rumors of deals |
| 0.019x41.5625 Gr80/AZ55 | ||||
| ex-Midwest mill | $39-$40 | $860-$882 | $780-$800 | neutral with rumors of deals |