US HDG prices continue to adjust upward

Tuesday, 29 November 2016 00:09:45 (GMT+3)   |   San Diego
       

Although the most commonly heard spot price transaction range for US domestic, base-price hot dipped galvanized (HDG) coil has remained steady since our last report a week ago, at $37-$39 cwt ($816-$860/mt or $740-$780/nt), ex-Midwest mill, prices for other grades, such as 0.012”x40.875” G30, 0.019”x48” G90 and Galvalume have widened by $1.00 cwt. ($22/mt or $20/nt) on the top end.

Sources close to SteelOrbis are citing belief that US flat rolled steel spot market prices will stay strong through the end of the year, “especially in light of the forecast bump for scrap prices in December,” one source said. 

Sources are also speculating that US flat rolled steel prices, including HDG spot market prices, could start to show signs of correction after the first of the year.

  Cwt. Metric Ton (mt) Net ton (nt) Change from last week
US domestic HDG base price $37-$39 $816-$860 $740-$780 neutral 
         
0.012”x40.875” G30        
ex-Midwest mill $45-$47 $992-$1036 $900-$940 up $1.00 cwt on the top end
         
0.019”x48” G90        
ex-Midwest mill $45-$47 $992-$1036 $900-$940 up $1.00 cwt on the top end
         
US domestic Galvalume base price        
ex-Midwest mill $37-$39 $816-$860 $740-$780 up $1.00 cwt on the top end
         
0.019x41.5625 Gr80/AZ55        
ex-Midwest mill $45-$47 $992-$1036 $900-$940 up $1.00 cwt on the top end


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