Despite a modest price dip in US domestic hot dipped galvanized (HDG) and Galvalume offers, US import pricing remained firm this week.
However, sources are keeping a close eye on Chinese offers. For now, pricing on Chinese HDG with the specifications 0.012” x 40.875” G30 stand at $41.50-$42.50 cwt. ($915-$937/mt or $830-$850/nt) DDP loaded truck in US Gulf ports. Chinese offers on 0.019” x 48” G90 remained unchanged at $41.50-$42.50 cwt. ($915-$937/mt or $830-850/nt) DDP loaded truck into US Gulf ports. In addition, Chinese offers on Galvalume with the specifications 0.019” x 41.5625” Gr80 also remained unchanged at $45.00-$46.00 cwt. ($992-$1,014/mt or $900-$920/nt) DDP loaded truck into US Gulf ports.
According to sources, Indian offers have been the wild card lately. Buyers saw both a price increase and decrease in offers earlier this month, and traders are awaiting signs of which direction prices will trend in the near term.
Import HDG offers to the US | Cwt. | Metric ton (mt) | Net ton (nt) | Change from last week |
0.012”x40.875” G30 | ||||
China* | $41.50-$42.50 | $915-$937 | $830-$850 | neutral |
India* | $42.50-$43.50 | $937-$959 | $850-$870 | neutral |
0.019" x 48" G90 | ||||
China* | $41.50-$42.50 | $915-$937 | $830-$850 | neutral |
India* | $44.00-$45.00 | $970-$992 | $880-$900 | neutral |
Import Galvalume offers to the US | ||||
0.019x41.5625 Gr80/AZ55 | ||||
China* | $45-$46 | $992-$1,014 | $900-$920 | neutral |
India* | $44-$45 | $970-$992 | $880-$900 | neutral |
Mexico** | $44-$46 | $970-$1,014 | $880-$920 | neutral |
Taiwan* | $45-$46 | $992-$1,014 | $900-$920 | neutral |
*DDP loaded truck in US Gulf ports | ||||
*DDP loaded truck delivered into Houston |