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 |