The previously-noted neutral trend within the US domestic hot dipped galvanized (HDG) market has continued since our last report a week ago, yet despite the most commonly reported spot price transaction range having remained at $37.00-$39.00 cwt. ($816-$860/mt or $840-$860/nt) ex-Midwest mill, sources tell SteelOrbis that deals toward the bottom end of that range are becoming less available, although whether this could be an indicator of a potential upward trend is still too soon to call.
As far as the overall market temperature, buyers and sellers continue to report dealing with the annual “summer doldrums”, in which activity and orders remain steady from industry-wide vacations and planned outages at mills.
Cwt. | Metric Ton (mt) | Net ton (nt) | Change from last week | |
US domestic HDG base price | $37.00-$39.00 | $816-$860 | $740-$780 | neutral |
0.012”x40.875” G30 | ||||
ex-Midwest mill | $45.00-$46.50 | $992-$1,025 | $900-$930 | neutral |
0.019”x48” G90 | ||||
ex-Midwest mill | $46.00-$47.50 | $1,014-$1,047 | $920-$950 | neutral |
US domestic Galvalume base price | ||||
ex-Midwest mill | $37.00-$38.50 | $816-$849 | $740-$770 | neutral |