The US International Trade Commission may have announced plans to move forward with its anti-dumping investigation against corrosion-resistant steel products from Taiwan, Korea, India, Italy and China, but the announcement has failed to give the US market a much-needed boost.
Last week SteelOrbis reported that US import tonnages continue to trend high; the US steel production capacity utilization rates have also continued to rise. For the week ending July 11, production was up 3.3 percent from the previous week. Sources close to SteelOrbis say that mills keep pushing for higher prices, but high inventories and still-arriving coated steel import tons are still a “big thorn in the side of the US HDG market.” As with last week, base price HDG continues to be transacted in the approximate range $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 |