US domestic HDG prices start to tick downward

Tuesday, 28 October 2014 23:34:20 (GMT+3)   |   San Diego
       

An influx of imports, declining raw materials costs and the slow start of the “end of year slowdown” are all taking a toll on US domestic hot dipped galvanized prices, as a $0.50 cwt. ($11/mt or $10/nt) price softening has taken place nearly across the board.  Today, the most commonly reported spot price transaction range for base price HDG has been revised to $35.50-$37.50 cwt. ($783-$827/mt or $710-$750/nt), ex-Midwest mill.

“Order activity isn’t terrible,” according to one Midwest-based service center source, “but scrap prices are falling, HRC prices are coming down and there’s a ton of imports that are arriving at the docks. It’s the trifecta.”

  Cwt. Metric Ton (mt) Net ton (nt) Change from last week
US domestic HDG base price $35.50-$37.50 $783-$827 $710-$750 down $0.50 cwt. 
         
0.012”x40.875” G30        
ex-Midwest mill $44.00-$46.00 $970-$1,014 $880-$920 down $0.50 cwt.
         
0.019”x48” G90        
ex-Midwest mill $45.50-$46.50 $1,003-$1,025 $910-$930 down $0.50 cwt.
         
US domestic Galvalume base price        
ex-Midwest mill $36.00-$38.00 $794-$838 $720-$760 down $0.50 cwt.
         
0.019x41.5625 Gr80/AZ55        
ex-Midwest mill $44.00-$46.00 $970-$1,014 $880-$920 neutral, but flexible



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