Although many felt that after last week’s dip in US import HDG futures pricing, the market might hold stable through the close of 2014. Sources close to SteelOrbis say that Indian traders were concerned about sharp declines in export volumes, which may have contributed to revisions in order pricing.
“Offshore mills are hungry, plain and simple,” according to a Texas-based source. And although Galvalume offer prices have not officially wavered, it’s rumored that Chinese, Korean and Taiwanese producers are willing to match Brazilian prices if the tonnages are right. At the same time, activity is relatively slow, especially since many have already to take time off in advance of the end-of-year holiday season.
| Import HDG offers to the US | Cwt. | Metric ton (mt) | Net ton (nt) | Change from last week |
| 0.012”x40.875” G30 | ||||
| China* | $38.50-$40.00 | $849-$860 | $770-$800 | down $2.00 cwt. |
| India* | $39-$40 | $860-$882 | $780-$800 | down $2.50 cwt. |
| 0.019" x 48" G90 | ||||
| China* | $38.50-$39:50 | $849-$871 | $770-$790 | down $0.50 cwt. |
| India* | $41.25-$42.25 | $909-$931 | $825-$845 | down $1.00 cwt. |
| Import Galvalume offers to the US | ||||
| 0.019x41.5625 Gr80/AZ55 | ||||
| China* | $42.00-$43.00 | $926-$950 | $840-$860 | neutral |
| India* | $42.00-$43.00 | $926-$950 | $840-$860 | neutral |
| Brazil* | $40.50-$41.50 | $892-$914 | $810-830 | neutral |
| Korea* | $42.00-$43.00 | $926-$950 | $840-$860 | neutral |
| Taiwan* | $42.00-$43.00 | $926-$950 | $840-$860 | neutral |
| Mexico | $40.50-$42.00 | $893-$926 | $810-$840 | neutral |
| *DDP loaded truck in US Gulf ports |