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.