Some players within the US domestic hot dipped Galvanized and Galvalume coil markets thought the trade case petition and subsequent announcement by the US Department of Commerce that they would be initiating AD and CVD investigations of corrosion-resistant flat-rolled steel products from China, India, Italy, Korea and Taiwan would cause some shake ups within the US domestic market. This has not yet happened.
US domestic spot prices remain flexible and mills’ attempt to firm the spot market have not been successful. “There is too much supply and not enough demand,” according to one SteelOrbis source, who points to short lead times and talk of increased production levels. For now, US HDG base prices once again remain unchanged week-on-week and continue to trend in the approximate range of $28.00-$29.00 cwt. ($617-$639/mt or $560-$580/nt), ex-Midwest mill.
| Cwt. | Metric Ton (mt) | Net ton (nt) | Change from last week | |
| US domestic HDG base price | $28-$29 | $617-$639 | $560-$580 | neutral |
| 0.012”x40.875” G30 | ||||
| ex-Midwest mill | $38-$40 | $838-$882 | $760-$800 | neutral |
| 0.019”x48” G90 | ||||
| ex-Midwest mill | $38-$40 | $838-$882 | $760-$800 | neutral |
| US domestic Galvalume base price | ||||
| ex-Midwest mill | $29-$31 | $639-$683 | $580-$620 | neutral |
| 0.019x41.5625 Gr80/AZ55 | ||||
| ex-Midwest mill | $39-$40 | $860-$882 | $780-$800 | neutral |