Still-falling US spot market prices for US domestic hot dipped galvanized (HDG) and Galvalume coil has many buyers skittish about booking tons from offshore producers. US domestic prices have trended down $1.00 cwt. ($22/mt or $20/nt) in the past two weeks, and those who are in the market for steel have reservations about booking futures that won’t arrive for 4-months.
Inventory levels are also still “pretty healthy,” sources say, noting there just isn’t a big, immediate need to book HDG coil offshore.
| Import Galvalume offers to the US | Cwt. | Metric ton (mt) | Net ton (nt) | Change from last week |
| 0.019x41.5625 Gr80/AZ55 | ||||
| Brazil* | $37-$39 | $816-$838 | $740-$760 | neutral but flexible |
| Mexico | $37-$39 | $816-$838 | $740-$760 | neutral but flexible |
| *DDP loaded truck in US Gulf ports |