While US domestic hot dipped galvanized (HDG) and Galvalume spot prices have been on the rise since late last year, price weaknesses were clearly evident--quiet deal-making was prevalent despite about three price increase announcements over the last couple months. However, since last week, mills have been standing firm on their announced increases, and while spot prices are still below asking prices, which are approximately $42.50 cwt. ($937/mt or $850/nt) ex-Midwest mill on HDG and Galvalume base, deals below the range have become difficult to come by. According to SteelOrbis sources, even the largest buyers are finding resistance from mills to cut prices.
But while spot market buying activity is taking place at higher prices than a week ago, there is less activity taking place. Many bought ahead of the increases in early December in addition to making purchases offshore. Imports placed late last year are anticipated to arrive in March.
| Cwt. | Metric Ton (mt) | Net ton (nt) | Change from last week | |
| US domestic HDG base price | $40.00-$42.00 | $882-$926 | $800-$840 | ↑$1.00 cwt. on high end |
| 0.012"x40.875" G30 | ||||
| ex-Midwest mill | $52.00-$54.00 | $1,146-$1,190 | $1,040-$1,080 | ↑$1.00 cwt. on high end |
| 0.019"x48" G90 | ||||
| ex-Midwest mill | $52.00-$54.00 | $1,146-$1,190 | $1,040-$1,080 | ↑$1.00 cwt. on high end |
| US domestic Galvalume base price | ||||
| ex-Midwest mill | $40.00-$42.00 | $882-$926 | $800-$840 | ↑$1.00 cwt. on high end |
| 0.019x41.5625 Gr80/AZ55 | ||||
| ex-Midwest mill | $51.00-$53.00 | $1,124-$1,168 | $1,020-$1,060 | neutral |