US domestic HDG market still par for the course

Tuesday, 16 September 2014 00:31:15 (GMT+3)   |   San Diego
       

If you were to have stepped away from the US domestic HDG market from the end of August until this morning, you’d quickly see the market has held its course. “Things are pretty steady but they’re far from interesting,” according to one Midwest-based service center source. For weeks, players within both the US domestic an import hot dipped galvanized (HDG) markets have been treading on pins and needles with an “ever-possible” trade case filing, but at this point, some are starting to question if the rumors are just another round of someone crying wolf.  As it stands, the US domestic spot price transaction range continues to trend sideways at approximately $37.00-$39.00 cwt. ($816-$860/mt or $840-$860/nt) ex-Midwest mill, although deals toward the bottom end of that range are prevalent. 

 

  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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