It has been a quiet start to the week for buyers and sellers of US domestic hot dipped galvanized (HDG) coil, as Americans are finally just getting back to work after the Thanksgiving holiday. Many within the market took extra time off last week, which left order activity, inquiries and market happenings trending quiet.
Yet despite everyone having returned to the office, that’s not to say the market is going to “suddenly start to rock and roll,” according to one Texas-based source. “The end-of-year slowdown is officially upon us,” he said. And while “fire sale” pricing out of service and distribution centers have yet to be seen, the current spot market price of $35.50-$37.50 cwt. ($783-$827/mt or $710-$750/nt) ex-Midwest mill for base-price HDG is expected to become increasingly flexible throughout the remainder of 2014.
| Cwt. | Metric Ton (mt) | Net ton (nt) | Change from last week | |
| US domestic HDG base price | $35.50-$37.50 | $783-$827 | $710-$750 | neutral |
| 0.012”x40.875” G30 | ||||
| ex-Midwest mill | $44.00-$46.00 | $970-$1,014 | $880-$920 | neutral |
| 0.019”x48” G90 | ||||
| ex-Midwest mill | $45.50-$46.50 | $1,003-$1,025 | $910-$930 | neutral, with deals on larger orders |
| US domestic Galvalume base price | ||||
| ex-Midwest mill | $35.50-$37.50 | $783-$827 | $710-$750 | neutral |
| 0.019x41.5625 Gr80/AZ55 | ||||
| ex-Midwest mill | $44.00-$46.00 | $970-$1,014 | $880-$920 | flexible based on tonnage |