US domestic mills efforts to raise prices for hot dipped galvanized (HDG) may not have been absorbed, but it did manage to stop further price erosion. The most commonly heard spot transaction ranges have trended sideways since out last report a week ago, and while buyers say they are not yet paying higher prices, they are keeping a close watch on the US domestic scrap market. The previously forecast April downtrend seems to have reversed itself, and scrap dealers now believe prices could firm between $15-$20/lt for this month’s buys. If that does in fact come to fruition, mills may be in a stronger position to demand some absorption of their recent price increase.
| Cwt. | Metric Ton (mt) | Net ton (nt) | Change from last week | |
| US domestic HDG base price | $35.50-$36.50 | $781-$805 | $710-$730 | 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 | $44.00-$46.00 | $970-$1,014 | $880-$920 | neutral |
| US domestic Galvalume base price | ||||
| ex-Midwest mill | $36.00-$37.00 | $794-$816 | $720-$740 | neutral |
| 0.019x41.5625 Gr80/AZ55 | ||||
| ex-Midwest mill | $44.50-$46.50 | $984-$1,025 | $890-$930 | neutral |