US domestic HDG market trends quiet during holiday week

Tuesday, 25 November 2014 00:34:43 (GMT+3)   |   San Diego

Little has changed within the US hot dipped galvanized (HDG) market since our last report a week ago, as many within the US have started to wind down in advance of the Thanksgiving holiday.  “It’s just going to be a slow week that’s not going to have a lot of activity,” according to one East Coast-based source. “People have either already started their vacations or they’re in the office but not doing all that much.”

That being said, the most commonly reported spot price range for base-price HDG has maintained its sideways trend, still at $35.50-$37.50 cwt. ($783-$827/mt or $710-$750/nt) ex-Midwest mill, although as with last week, mills are willing to negotiate deals on coating extras.

 

  Cwt. Metric Ton (mt) Net ton (nt) Change from last week
US domestic HDG base price $35.50-$37.50 $783-$827 $710-$750 neutral
         
0.012”x40.875” G30        
ex-Midwest mill $44.00-$46.00 $970-$1,014 $880-$920 neutral
         
0.019”x48” G90        
ex-Midwest mill $45.50-$46.50 $1,003-$1,025 $910-$930 neutral, with deals on larger orders
         
US domestic Galvalume base price        
ex-Midwest mill $35.50-$37.50 $783-$827 $710-$750 neutral
         
0.019x41.5625 Gr80/AZ55        
ex-Midwest mill $44.00-$46.00 $970-$1,014 $880-$920 flexible based on tonnage

 


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