Lackluster order activity, short lead times and the expectation of a sideways to soft-sideways price trend for US domestic scrap prices in October could lead to an adjustment in US HDG spot market prices.
“The mills are willing to negotiate to get orders,” a source said. “Inventory levels are still pretty healthy, and that’s not doing anyone any favors. We’re also getting into the time of year where things are starting to slowdown. Yes, there’s still a bit of optimism in terms of where demand will be after we get into the new year, but for now the market lacks excitement.”
Current price points for US HDG coil are listed in the chart below.
| Cwt. | Metric Ton (mt) | Net ton (nt) | Change from last week | |
| US domestic HDG base price | $39.50-$41.00 | $871-$904 | $790-$820 | neutral with deals |
| 0.012”x40.875” G30 | ||||
| ex-Midwest mill | $47-$49 | $1036-$1080 | $940-$980 | neutral with deals |
| 0.019”x48” G90 | ||||
| ex-Midwest mill | $47-$49 | $1036-$1080 | $940-$980 | neutral with deals |
| US domestic Galvalume base price | ||||
| ex-Midwest mill | $39.50-$41.00 | $871-$904 | $790-$820 | neutral with deals |
| 0.019x41.5625 Gr80/AZ55 | ||||
| ex-Midwest mill | $47-$49 | $1036-$1080 | $940-$980 | neutral with deals |