US HDG market still steady after increase announcement

Monday, 21 August 2017 22:04:48 (GMT+3)   |   San Diego
       

Spot market prices for US domestic hot rolled galvanized (HDG) and Galvalume coil have remained steady in the last week despite another announced mill price increase, but sources say the market is primed for price firming.

This week, as the “dust is still settling” from the $1.50 cwt. ($33/mt or $30/nt) effective-immediately price increase announced by several US domestic flats mills, spot prices are still in last week’s range of $39.50-$41.00 cwt. ($871-$904/mt or $790-$820/nt), ex-mill. But with scrap prices poised to rise again in September, and decreased import arrivals due to order apprehension regarding the now-delayed Section 232 investigation, sources say US HDG and Galvalume prices will most likely rise as the increase is absorbed into the market. For now, spot prices are still as follows:

 

  Cwt. Metric Ton (mt) Net ton (nt) Change from last week
US domestic HDG base price $39.50-$41.00 $871-$904 $790-$820 neutral
         
0.012”x40.875” G30        
ex-Midwest mill $47-$49 $1036-$1080 $940-$980 neutral
         
0.019”x48” G90        
ex-Midwest mill $47-$49 $1036-$1080 $940-$980 neutral
         
US domestic Galvalume base price        
ex-Midwest mill $39.50-$41.00 $871-$904 $790-$820 neutral
         
0.019x41.5625 Gr80/AZ55        
ex-Midwest mill $47-$49 $1036-$1080 $940-$980 neutral

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