US import hot dipped galvanized (HDG) coil prices have held “mostly steady” since our last report a week ago, although sources close to SteelOrbis say that second and third tier Chinese producers are ready and willing to negotiate deals in hopes of pushing larger volumes.
US-based trader sources, though, say they’re somewhat wary in booking hefty transactions based on volatility within the domestic market. Inventories are being closely monitored, according to one Midwest-based source, and few, if any “plan on taking any big risks until the US market shows signs of leveling.” Those who are booking say they’re less interested in ex-India bookings for HDG coil, since prices out of China pose a significant price advantage.
| Import HDG offers to the US | Cwt. | Metric ton (mt) | Net ton (nt) | Change from last week |
| 0.012”x40.875” G30 | ||||
| China* | $36.50-$38.00 | $805-$838 | $730-$760 | neutral but flexible |
| India* | $38-40 | $838-$882 | $760-$800 | neutral but flexible |
| 0.019”x48” G90 | ||||
| China* | $35.50-$36.50 | $783-$804 | $710-$730 | neutral but flexible |
| India* | $39-$40 | $860-$882 | $780-$800 | neutral but flexible |
| Import Galvalume offers to the US | ||||
| 0.019x41.5625 Gr80/AZ55 | ||||
| China* | $41-$42 | $904-$926 | $820-$860 | neutral with rumored deals |
| India* | $40-$42 | $882-$926 | $800-$840 | neutral but flexible |
| Brazil* | $40-$41 | $882-$904 | $800-$820 | neutral but flexible |
| Korea* | $40-$42 | $882-$926 | $800-$840 | neutral but flexible |
| Taiwan* | $40-$42 | $882-$926 | $800-$840 | neutral but flexible |
| Mexico | $40-$42 | $882-$926 | $800-$840 | neutral but flexible |
| *DDP loaded truck in US Gulf ports |