US domestic HDG market trends increasingly flexible

Tuesday, 20 January 2015 23:37:35 (GMT+3)   |   San Diego
       

Earlier this month, SteelOrbis predicted the slow, downward trend for US domestic flats products could last through the end of January; prices for hot dipped galvanized (HDG) coil seem to be trending in line.  Base price HDG coil prices have trended down by an additional $1.00 cwt. ($22/mt or $20/nt) since our last report a week ago, which has January prices down approximately $3.00 cwt. ($66/mt or $60/nt) from levels seen in late December.  The current average spot price transaction range has corrected to $32.00-$34.00 cwt. ($705-$750/mt or $640-$680/nt) ex-Midwest mill, although buyers continue to report holding off on making stock buys until they have greater confidence that the market has bottomed out.

 

  Cwt. Metric Ton (mt) Net ton (nt) Change from last week
US domestic HDG base price $32-$34 $705-$750 $640-$680 down $1.00 cwt. 
         
0.012”x40.875” G30        
ex-Midwest mill $42-$44 $926-$970 $840-$880 down $1.00 cwt. 
         
0.019”x48” G90        
ex-Midwest mill $42-$44 $926-$970 $840-$880 down $1.00 cwt. 
         
US domestic Galvalume base price        
ex-Midwest mill $33-$35 $728-$772 $660-$700 down $1.00 cwt. 
         
0.019x41.5625 Gr80/AZ55        
ex-Midwest mill $42-$44 $926-$970 $840-$880 neutral

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