US domestic HDG prices are stable week-over-week, although falling stock market prices and the forecast dip in April scrap prices have many thinking that US HDG price softening is imminent.
“This is all turning into a self- fulfilling prophecy,” one source said. “What’s happening now with COVID-19 is a true black swan event, and it’s likely that steel prices will adjust because of it.”
| Product | $/cwt | $/mt | $/nt | Delivery | Weekly change |
| US domestic HDG base price | $37-$38 | $816-$838 | $740-$760 | ex-mill | neutral |
| US domestic Galvalume base price | $37-$38 | $816-$838 | $740-$760 | ex-mill | neutral |
| 0.019x41.5625 Gr80/AZ55 | $48-$49 | $1,058-$1,080 | $960-$980 | ex-mill | neutral |