US HDG, Galvalume coil prices “increasingly flexible”

Tuesday, 07 December 2021 23:13:57 (GMT+3)   |   San Diego
       

US domestic HDG and Galvalume coil prices have softened week-over-week, sources note, adding that many believe that the recent downticks are “just the beginning.”

“Deals within the market are rampant, and the spread between what the published numbers are, and what you can get if you agree to take fixed tonnages is nothing short of insane,” a source said, adding that in some cases, buyers can get base-price HDG coil for below $90 cwt. ($1,984/mt or $1,800/nt), FOB mill.  (Others, however, have been quick to note that deals in this price range are only available to volume buyers.)

Lead times have shortened immensely, another source added, saying that shorter lead times, combined with downward pressure based on still-falling offshore offers, are placing an “enormous amount of pressure on domestic prices.”

Current domestic “published” prices and import offer prices are listed in the chart below.
 

Product $/cwt $/mt $/nt last week $/cwt Delivery
US domestic HDG base price $104-$106 $2,293-$2,337 $2,080-$2,120 $107 +/- ex-mill
0.012” G30 HDG coil  $112 $2,469 $2,240 $113 ex-mill
Imported 0.012” G30 HDG coil           
Turkey $85-$90 $1,874-$1,984 $1,700-$1,800 $88 DDP loaded truck in US Gulf ports 
South Africa  $90-$95 $1,984-$2,094 $1,800-$1,900 $94-$100 DDP loaded truck in US Gulf ports 
           
           
US domestic Galvalume base price $104-$106 $2,293-$2,337 $2,080-$2,120 $107 +/- ex-mill
           
           
0.019x41.5625 Gr80/AZ55 $112 $2,469 $2,240 $113 ex-mill
           
Imported0.019x41.5625 Gr80/AZ55          
Vietnam $80-$85 $1,764-$1,874 $1,600-$1,700 $85-$86 DDP loaded truck in US Gulf ports
Mexico $85-$90 $1,874-$1,984 $1,700-$1,800 $91-$93 FOB Houston

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