US HDG prices remain steady, inventories still healthy

Tuesday, 18 August 2015 01:03:01 (GMT+3)   |   San Diego
       

Inventory levels of both US domestic and import hot dipped galvanized (HDG) and Galvalume coil are still “pretty healthy,” according to sources close to SteelOrbis.  That, combined with short domestic lead times will continue to hinder upward price momentum.  Although it’s believed that US domestic mills will try to firm prices now that trade cases have been filed against HRC, CRC and coated steel imports,  the current state of the market remains at status quo. The most commonly reported spot price transaction is once again neutral, with base price HDG coil still trending in the approximate range of $28.00-$29.00 cwt. ($617-$639/mt or $560-$580/nt), ex-Midwest mill, unchanged in the past seven days.

 

 

  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

 


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