Sept. 6 data from the
US Department of Commerce, Enforcement and Compliance shows that for the month of August, the
US imported approximately 224,531 mt (license data) of hot dipped
galvanized sheets and strip from global suppliers, this marks an approximate 12 percent decline from levels reported in August 2015.
At current, HDG exporters in both Brazil and India have indicated that orders from
US buyers are trending light. Sources in India have indicated that while offer prices to the
US for HDG coil continue to hold at $635-$650/mt FOB, interest from
US buyers continues to trend light to do still-soft pricing conditions within the
US domestic spot market.
Current HDG arrival tonnages for the month of September from Brazil to the
US have been recorded at 1,059 mt. Trader sources continue to report that HDG G40 coil is available to
US buyers at $756/mt FOB, unchanged since our last report a week ago.