Offers on US domestic hot dipped galvanized (HDG) and Galvalume products started to soften at the start of the year and spot pricing has continued that trend this week with a dip in both HDG and Galvalume base prices.
Pricing on US domestic HDG base price dropped $1.00 cwt. ($22/mt or $20/nt) to $37.00-$39.00 cwt. ($816-$860/mt or $740-$780/nt). Similarly, offers on HDG with the specifications 0.012” x 40.875” G30 and 0.019” x 48” G90 both softened $1.00 cwt. ($22/mt or $20/nt) ex-mill. This week, 0.012” x 40.875” G30 stood in the approximate range of $47.00-$48.50 cwt. ($1,036-$1,069/mt or $940-$970/nt) ex-mill and 0.019” x 48” G90 with a tighter general range of $47.00-$48.00 cwt. ($1,036-$1,058/mt or $940-$960/nt) ex-mill.
Even more notable is the $2.00 cwt. drop in US domestic Galvalume base prices this week. Offers can now be found in the general range of $37.00-$38.50 cwt. ($816-$849/mt or $740-$770/nt) ex-mill.
Sources tell SteelOrbis many buyers had held off on making deals while waiting for this softening, and activity is projected to pick up this week.
| Cwt. | Metric Ton (mt) | Net ton (nt) | Change from last week | |
| US domestic HDG base price | $38.00-$39.50 | $816-$860 | $740-$780 | ↓1.00 cwt. |
| 0.012”x40.875” G30 | ||||
| ex-Midwest mill | $47.00-$48.50 | $1,036-$1,069 | $940-$970 | ↓1.00 cwt. |
| 0.019”x48” G90 | ||||
| ex-Midwest mill | $47.00-$48.00 | $1,036-$1,058 | $940-$960 | ↓1.00 cwt. |
| US domestic Galvalume base price | ||||
| ex-Midwest mill | $37.00-$38.50 | $816-$849 | $740-$770 | ↓2.00 cwt. |
| 0.019x41.5625 Gr80/AZ55 | ||||
| ex-Midwest mill | $46.00-$48.00 | $1,014-$1,058 | $920-$960 | neutral |