The most commonly heard spot price transaction range for US domestic hot dipped galvanized (HDG) coil has widened by $1.00 cwt. ($22/mt or $20/nt) on the top end since our last report a week ago, which brings the current average spot market price transaction range to $41.50-$43.50 cwt. ($915-$959/mt or $830-$870/nt), ex-mill.
The uptick comes two weeks after US domestic flat rolled steel mills announced they would be raising prices by $1.50 cwt. ($33/mt or $30/nt), effective immediately.
Sources close to SteelOrbis report that the current average ex-mill lead times are trending between six and eight weeks.
Current pricing is a welcome turnaround from 2016. In late-March 2016, spot market prices for base-price HDG coil were trending at $28.00-$30.00 cwt. ($617-$661/mt or $560-$600/nt).
| Cwt. | Metric Ton (mt) | Net ton (nt) | Change from last week | |
| US domestic HDG base price | $41.50-$43.50 | $915-$959 | $830-$870 | up $1.00 cwt. on the top end |
| 0.012”x40.875” G30 | ||||
| ex-Midwest mill | $49.00-$50.50 | $1080-$1113 | $980-$1010 | up $1.00 cwt. |
| 0.019”x48” G90 | ||||
| ex-Midwest mill | $49.00-$50.50 | $1080-$1113 | $980-$1010 | up $1.00 cwt. |
| US domestic Galvalume base price | ||||
| ex-Midwest mill | $41.50-$43.50 | $915-$959 | $830-$870 | up $1.00 cwt. on the top end |
| 0.019x41.5625 Gr80/AZ55 | ||||
| ex-Midwest mill | $50-$52 | $1102-$1146 | $1000-$1040 | up $1.00 cwt. |