US import HDG, Galvalume imports from Brazil up sharply year-on-year

Tuesday, 19 April 2016 23:25:58 (GMT+3)   |   San Diego
       

According to April 19 data from the US Department of Commerce, Enforcement and Compliance, US import tons of hot dipped galvanized (HDG) sheets and strip from Brazilian steelmakers for the month of February was recorded at 20,789 mt (census data), which is up sharply from the 2,656 mt (census data) that was imported from Brazilian steelmakers in February 2015.

Sources close to SteelOrbis continue to report that US based-buyers have maintained interest in booking US import hot dipped galvanized (HDG) and Galvalume coil from this country due to product quality and price.

Current ex-Brazilian pricing to the US for 0.019’ x41.5625’ Gr80/AZ55 Galvalume coil has remained steady since our last report a week ago, with offers still being heard in the approximate range of $37.00-$37.50 cwt. ($816-$827/mt or $740-$750/nt), DDP loaded truck in US Gulf coast ports.  As with last week, sources close to StelOrbis report that this particular offer is specific to one Brazilian flats mills, adding that other Brazilian steelmakers continue to ask for higher prices.

In terms of ex-Brazilian base price HDG futures offers, one mill continues to offer in the approximate range of $31.00-$32.00 cwt. ($683-$705/mt or $620-$640/nt), DDP loaded truck in US Gulf coast ports, which is also unchanged since our last report a week ago.

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