The most commonly heard spot market prices for US import HDG and Galvalume coil have endured some downward revisions.
Trader sources have confirmed that the current US sales price for imported 0.012”x40.875” G30 hot dipped galvanized (HDG) coil from the UAE, Turkey and India have softened by $0.50 cwt. ($11/mt or $10/nt) from levels heard in early September, whereas the current US sales price for imported 0.012”x40.875” G30 hot dipped galvanized (HDG) coil from Brazil and Korea have softened by $2.50 cwt. ($55/mt or $50/nt). Lastly, the current US sales price for imported 0.012”x40.875” G30 hot dipped galvanized (HDG) coil from Vietnam has ticked down by $3.50 cwt. ($77/mt or $70/nt), all DDP loaded truck in US Gulf coast ports.
Although the revisions bring current import pricing more in line with ex-mill pricing in the US, trader sources note that many customers are expressing increased interest in buying domestically due to favorable arrival times, as opposed to buying offshore.
0.012”x40.875” G30 HDG coil | cwt. | metric ton | net ton | change since last week | |
USA | $47-$49 | $1036-$1080 | $940-$980 | ex-mill | neutral |
UAE / Turkey / India | $48-$50 | $1058-$1108 | $960-$1000 | DDP loaded truck in US Gulf coast ports | down $0.50 cwt. |
0.019x41.5625 Gr80/AZ55 Galvalume | |||||
USA | $47-$49 | $1036-$1080 | $940-$980 | ex-mill | neutral |
Brazil /Korea | $47-$49 | $1036-$1080 | $940-$980 | DDP loaded truck in US Gulf coast ports | down $2.50 cwt. |
Vietnam | $46-$48 | $1014-$1058 | $920-$960 | DDP loaded truck in US Gulf coast ports | down $3.50 cwt. |