SteelOrbis has learned that Taiwanese and South Korean HDG (hot dip galvanized) coil offers for the US have risen by up to $60 /mt since last week, while Indian HDG suppliers have exited from the US market for the time being.
Taiwanese HDG offers for the US, with the specifications of 0.019" x 48" G90 (0.48 mm x 1.219 m) are now mostly offered within the range of $680 /mt to $700 /mt CFR FO US West Coast ports. South Korean offers of the same size and coating now range from $660 /mt to $680 /mt CFR FO US West Coast ports.
HDG offers from China for the US for 0.019" G90 still range from $620 /mt to $640 /mt CFR FO US Gulf ports.
The offering price range from Taiwan to the US for HDG coils with the specifications of 0.012" by 40.875" G30 (0.30 mm x 1.04 m) is now at $720 /mt to $740 /mt CFR FO US West Coast ports. South Korean offers of the same material now range from $660 /mt to $680 /mt CFR FO West Coast ports.
Chinese offers for 0.012" G30 still range from approximately $660 /mt to $680 /mt CFR FO Gulf ports.
There are currently no new HDG offers for the US from India.