After months of speculation and rumors about an “imminent” trade case filing against offshore producers of hot dipped galvanized (HDG) sheets and strip, with the absence of action, Chinese producers have “settled in” to their offer prices and are hoping to start booking more tons. Although purchasing volumes have yet to fully rebound, most offshore orders are being booked from China instead of India, as CFR price points from the former continue to be more attractive.
As far as pricing goes, mostly everything has held lateral since our last report a week ago (outside of the price dip for Indian Galvalume offers), with little change expected to take place in the next few weeks.
| 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* | $43.00-$44.00 | $948-$970 | $860-$880 | down $0.75 cwt. |
| Brazil | $40.50-$41.50 | $892-$914 | $810-830 | neutral |
| *DDP loaded truck in US Gulf ports |