Prices within the US domestic HDG market have not changed week-on-week, although sources tell SteelOrbis that current price points are expected to be temporary. Deals for large-tonnage orders, around $2.00 cwt. ($44/mt or $40/nt) below general spot prices, are predicted to become more widespread, and by mid-September, sources say US HDG prices will start to dwindle.
Market players attending the CRU-SMU flat steel conference this week said they are hoping to glean some insights into the market to help guide buying decisions, but overall, the US domestic HDG market is continuing to trend weak.
Current US HDG spot market prices are listed in the chart below:
Product | $/cwt | $/mt | $/nt | Delivery | Weekly change |
US domestic HDG base price | $37-$38 | $816-$838 | $740-$760 | ex-mill | neutral with deals |
US domestic Galvalume base price | $37-$38 | $816-$838 | $740-$760 | ex-mill | neutral with deals |
0.019x41.5625 Gr80/AZ55 | $47-$48 | $1,036-$1,058 | $940-$960 | ex-mill | neutral with deals |