Last week, US domestic flats producers announced they’d be raising prices on all flat rolled steel products, including US domestic HDG coil, by $2.00 cwt. ($44/mt or $40/nt), effective immediately
Whether the increase will be successful, or whether it prevents prices from slipping further, has yet to be known. Sources close to SteelOrbis have said they’ll have all eyes on scrap prices during the November buy cycle. In the absence of higher scrap prices, mills’ ability to force last week’s increase into acceptance will be “difficult at best.”
Current US domestic HDG / Galvalume prices are listed in the chart below.
| Product | $/cwt | $/mt | $/nt | Delivery | Weekly change |
| US domestic HDG base price | $31-$32 | $683-$405 | $620-$640 | ex-mill | neutral |
| US domestic Galvalume base price | $32-$33 | $705-$728 | $640-$660 | ex-mill | neutral |
| 0.019x41.5625 Gr80/AZ55 | $44-$45 | $970-$992 | $880-$900 | ex-mill | neutral |