Buyers of US import HDG and Galvalume exercise caution

Prices and activity within the US import hot dipped galvanized (HDG) and Galvalume market have held steady in the past week, although many believe offshore offers could tick downward in the upcoming weeks.   Global iron ore prices have, for the most part, been on a steady decline since December of last year, and although spot prices took a steep tumble at the beginning part of last week, they quickly recovered, only to once again inch downward.   That having been said, US buyers of import HDG and Galvalume are showing reluctance in terms of booking significant speculative tons due to wishy-washy raw materials costs and the effect that might have on import offers.