US import HDG tonnages from Brazil up sharply year-on-year

Tuesday, 12 July 2016 23:11:02 (GMT+3)   |   San Diego
       

According to July 6 data from the US Department of Commerce, Enforcement and Compliance, the US imported 30,080 mt (license data) of hot dipped galvanized sheets and strip from Brazil in June; this is more than a threefold increase from June 2015, when Brazilian HDG producers shipped 9,170 mt (census data) to US buyers.
US import HDG tonnages from Vietnam have also spiked year-on-year; June 2016 tons were recorded at 20,006 mt.  In comparison, Vietnamese steelmakers did not ship any HDG coil to the US in June 2015.

Current futures offers for 0.012”x40.875” G30 coil from Turkish, Indian and South African steelmakers are available in the approximate US sales price range of $42-$44 cwt.  ($925-$970/mt or $840-$880/nt), DDP loaded truck in US Gulf coast ports. Pakistani material of this same grade is further said to be available at approximately $3.00 cwt. ($66/mt or $60/nt) below that range.

Other sources close to SteelOrbis have confirmed that ex-India HDG offers have been stable in the past week and continue to be heard at $640-650/mt FOB.  It’s further been heard that Indian steelmakers may adjust their offer prices by $15-$20/mt in hopes of pushing volumes.

In terms of ex-Brazil offers, sources add that the most recent deals of Brazilian export HDG G40 to the US were concluded at $756/mt FOB.


Similar articles

Flat steel prices in local Taiwanese market - week 13, 2024

28 Mar | Flats and Slab

Romania’s sole flats mill cuts HRC prices, raises HDG and PPGI prices

22 Mar | Flats and Slab

Flat steel prices in local Taiwanese market - week 12, 2024

21 Mar | Flats and Slab

Turkey’s coated steel export prices weaken

20 Mar | Flats and Slab

MMK reports record coated rolled product shipments to local market in 2023

19 Mar | Steel News

US HRC prices still ticking downward, prices expected to bottom this month

15 Mar | Flats and Slab

Flat steel prices in local Taiwanese market - week 11, 2024

14 Mar | Flats and Slab

CRC and coated steel prices in Turkey down slightly, discounts applicable

13 Mar | Flats and Slab

Tata Steel chooses Danieli for pickling and galvanizing line investment

12 Mar | Steel News

Baosteel keeps local HRC prices stable for April

12 Mar | Flats and Slab