Spot market prices for US domestic HDG and Gavalume coil are “slightly higher” than they were a week ago, with both products seeing $1.00 cwt. ($22/mt or $20/nt) firming on the bottom end of last week’s ranges.
“Things are still firming slightly, but we’re not seeing the same weekly jumps that we saw earlier this year,” a source noted. “Last week a lot of us wondered if we’d start seeing more upward jumps, especially in light of some of the capacity that’s either already offline or that’s about to come offline due to maintenance. If it’s going to happen, it hasn’t happened yet.”
Another source agreed.
“I don’t know if we’re at the top of this thing or if it [the market] will keep going up through the end of the year,” he added. “It’s really anyone’s guess.”
Current HDG prices are listed in the chart below.
Product | $/cwt | $/mt | $/nt | last week $/cwt | Delivery |
US domestic HDG base price | $106-$110 | $2,337-$2,425 | $2,120-$2,200 | $105-$110 | ex-mill |
0.012” G30 HDG coil | $115+ | $2,535+ | $2,300+ | $115+ | ex-mill |
US domestic Galvalume base price | $106-$110 | $2,337-$2,425 | $2,120-$2,200 | $105-$110 | ex-mill |
0.019x41.5625 Gr80/AZ55 | $115+ | $2,535+ | $2,300+ | $115+ | ex-mill |