Ever since the US was successful in its trade case against certain offshore importers of J55 OCTG casing to the US, it’s been rumored that cases for cold rolled coil (CRC), hot dipped galvanized (HDG) and line pipe would be on the horizon. Yet as the days turned into weeks, and the weeks turned into months, many people felt the rumblings were little more than people “crying wolf”. But now that a line pipe case has officially dropped, the rumors about when the HDG case may be filed have gained new steam.
US import tonnages for HDG coil surged during the month of September, and some believe that October tonnages could exceed September arrivals. Although prices from India and China continue to trend neutral, other countries may become more active in “throwing their hat into the ring” in hopes of picking up orders once a trade case is filed.
| Import HDG offers to the US | Cwt. | Metric ton (mt) | Net ton (nt) | Change from last week |
| 0.012”x40.875” G30 | ||||
| China* | $42.00-$43.00 | $926-$950 | $840-$860 | neutral |
| 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* | $43.25-$44.25 | $953-$976 | $865-$885 | neutral |
| Import Galvalume offers to the US | ||||
| 0.019x41.5625 Gr80/AZ55 | ||||
| China* | $43.00-$44.00 | $948-$970 | $860-$880 | neutral |
| India* | $43.75-$44.75 | $965-$970 | $875-895 | neutral |
| Brazil | $42.00-$43.00 | $926-$950 | $840-$860 | neutral |
| *DDP loaded truck in US Gulf ports |