Earlier this month, SteelOrbis predicted the slow, downward trend for US domestic flats products could last through the end of January; prices for hot dipped galvanized (HDG) coil seem to be trending in line. Base price HDG coil prices have trended down by an additional $1.00 cwt. ($22/mt or $20/nt) since our last report a week ago, which has January prices down approximately $3.00 cwt. ($66/mt or $60/nt) from levels seen in late December. The current average spot price transaction range has corrected to $32.00-$34.00 cwt. ($705-$750/mt or $640-$680/nt) ex-Midwest mill, although buyers continue to report holding off on making stock buys until they have greater confidence that the market has bottomed out.
| Cwt. | Metric Ton (mt) | Net ton (nt) | Change from last week | |
| US domestic HDG base price | $32-$34 | $705-$750 | $640-$680 | down $1.00 cwt. |
| 0.012”x40.875” G30 | ||||
| ex-Midwest mill | $42-$44 | $926-$970 | $840-$880 | down $1.00 cwt. |
| 0.019”x48” G90 | ||||
| ex-Midwest mill | $42-$44 | $926-$970 | $840-$880 | down $1.00 cwt. |
| US domestic Galvalume base price | ||||
| ex-Midwest mill | $33-$35 | $728-$772 | $660-$700 | down $1.00 cwt. |
| 0.019x41.5625 Gr80/AZ55 | ||||
| ex-Midwest mill | $42-$44 | $926-$970 | $840-$880 | neutral |