Spot market prices for US domestic base-price HDG and Galvalume coil have declined again in the last week, although the plunge is steeper this week. Offers are now at $41.00-$44.00 cwt. ($904-$970/mt or $820-$880/mt), FOB mill, compared to $45-$47 cwt. ($992-$1,036/mt or $900-$940/nt), FOB mill, last week.
While some sources are wondering when the downtrend will finally end, others don’t expect prices to stabilize anytime soon. Sources tell SteelOrbis that demand is “okay but not great,” and coated flat steel prices are expected to continue trending soft for the remainder of the year.