There has been quite a bit of price wobbling within the US import hot dipped galvanized (HDG) markets since our last report a week ago, with downward pricing movement being seen across all segments. Chinese 0.012”x40.875” G30 has declined by $1.00 cwt. ($22/mt or $20/nt), whereas Indian 0.019”x 48” G90 has trended down by $0.50 cwt. ($11/mt or $20/nt). Chinese and Indian Galvaume 0.019x41.6525 Gr80/AZ55 have also trended down by $1.00 cwt. ($22/mt or $20/nt), and while Brazilian prices have held steady, traders say mill reps may show some flexibility to those looking to book larger orders.
Trade case rumors have become much quieter in recent weeks, as US flats mills are enjoying a sideways-trending spot market combined with falling raw materials prices. Sources close to SteelOrbis have also confirmed that now that traders are less worried about an imminent trade case suit, they have shown increased willingness to book offshore, especially since Indian mills are open to negotiating deals on high-volume transactions.
| Import HDG offers to the US | Cwt. | Metric ton (mt) | Net ton (nt) | Change from last week |
| 0.012”x40.875” G30 | ||||
| China* | $41.00-$42.00 | $901-$926 | $820-$840 | down $1.00 cwt. |
| India* | $42.00-$43.00 | $926-$950 | $840-$860 | neutral |
| 0.019" x 48" G90 | ||||
| China* | $39.50-$40.50 | $871-$893 | $790-$810 | neutral |
| India* | $42.75-$43.75 | $942-$965 | $855-$875 | down $0.50 cwt. |
| Import Galvalume offers to the US | ||||
| 0.019x41.5625 Gr80/AZ55 | ||||
| China* | $42.00-$43.00 | $926-$950 | $840-$860 | down $1.00 cwt. |
| India* | $42.00-$43.00 | $926-$950 | $840-$860 | down $1.00 cwt. |
| Brazil* | $40.50-$41.50 | $892-$914 | $810-830 | neutral |
| Korea* | $42.00-$43.00 | $926-$950 | $840-$860 | --- |
| Taiwan* | $42.00-$43.00 | $926-$950 | $840-$860 | --- |
| Mexico | $40.50-$42.00 | $893-$926 | $810-$840 | --- |
| *DDP loaded truck in US Gulf ports |