US buyers losing interest in booking import HDG

Tuesday, 26 February 2019 00:05:19 (GMT+3)   |   San Diego
       

Traders have said that the closeness in price of US domestic and import HDG and Galvalume coil have many buyers reluctant to book tons offshore.

“We’re having a hard time getting our customers to book import, unless it’s an unusual specialty grade that’s not being made domestically,” a source said.  Mexican mills are faring a little better with interest, sources say, since lead times are similar to what’s available in the US domestic market.

Rising US domestic HDG prices, however, may help spur an interest in booking offshore, should prices firm substantially; the current expectation is that while domestic pricing momentum is pointing upward, in the absence of a “black swan event,” it’s not believed that domestic prices will spike.

Today’s pricing for import HDG and Galvalume coil are listed in the chart below.

Product Price Delivery Weekly change
$/cwt $/mt $/nt
0.012”x40.875” G30 HDG coil          
Egypt 47.50-50.00 1,047-1,102 950-1,000 DDP loaded truck in US Gulf ports  neutral
Vietnam 47.50-50.00 1,047-1,102 950-1,000 DDP loaded truck in US Gulf ports  neutral
           
Galvalume coil  0.019x41.5625 Gr80/AZ55          
Vietnam  49-50 1,080-1,102 982-1,000 DDP loaded truck in US Gulf ports  neutral
Mexico 49-50 1,080-1,102 982-1,000 FOB Houston neutral
USA 50-52 1,102-1,146 1,000-1,040 ex-mill up $1.00 cwt. 

Similar articles

Flat steel prices in local Taiwanese market - week 13, 2024

28 Mar | Flats and Slab

Romania’s sole flats mill cuts HRC prices, raises HDG and PPGI prices

22 Mar | Flats and Slab

Flat steel prices in local Taiwanese market - week 12, 2024

21 Mar | Flats and Slab

Turkey’s coated steel export prices weaken

20 Mar | Flats and Slab

MMK reports record coated rolled product shipments to local market in 2023

19 Mar | Steel News

US HRC prices still ticking downward, prices expected to bottom this month

15 Mar | Flats and Slab

Flat steel prices in local Taiwanese market - week 11, 2024

14 Mar | Flats and Slab

CRC and coated steel prices in Turkey down slightly, discounts applicable

13 Mar | Flats and Slab

Tata Steel chooses Danieli for pickling and galvanizing line investment

12 Mar | Steel News

Baosteel keeps local HRC prices stable for April

12 Mar | Flats and Slab