For the past two weeks, SteelOrbis has reported that while US HDG spot market prices are “mostly stable,” a growing number of deals slightly below the average range have been available.
The increased willingness by US mills to negotiate, however, has finally caused the average spot market price transaction range to revise downward. Current prices have softened by $1.00 cwt. ($22/mt or $20/nt) across the board, although volume buyers are reporting they “can still do a little bit better.”
“Demand is OK but lead times aren’t great, which is largely tied to the fact that mills keep bringing on more capacity,” a source said. “We’re also getting into the final weeks of the year where it’s not all that uncommon for deals to be made.”
The current average spot market price transaction range is listed below.
| Cwt. | Metric Ton (mt) | Net ton (nt) | Change from last week | |
| US domestic HDG base price | $45-$47 | $992-$1,036 | $900-$940 | down $1.00 cwt. |
| US domestic Galvalume base price | ||||
| ex-Midwest mill | $45-$47 | $992-$1,036 | $900-$940 | down $1.00 cwt. |
| 0.019x41.5625 Gr80/AZ55 | ||||
| ex-Midwest mill | $55-$57 | $1,212-$1,257 | $1,100-$1,140 | down $1.00 cwt. |