US HDG import prices to stay neutral

Tuesday, 03 April 2012 01:49:58 (GMT+3)   |  

Hot dipped galvanized (HDG) and Galvalume import offers haven't made much of a splash in the US in recent weeks, with Chinese, Indian, and Taiwanese mills all keeping their newest offer prices neutral. Import interest has been spotty, and trader sources tell SteelOrbis that most import orders are for niche products, although offshore mills aren't likely to start lowering prices to attract orders, and may instead try to lay low and not draw US producers' or the US Department of Commerce's attention.

As for arriving imports, substantial amounts of coated flat steel products hit US ports in February and March. US Steel Import Monitoring and Analysis (SIMA) data indicate 153,249 mt (preliminary census data) of HDG sheet and strip imports arrived in February with 39,769 mt (compared to 12,500 mt in January) from India, and heavy volumes from Chinese, Taiwanese and Korean mills as well. March arrivals as of March 27 are lower at 107,809 mt (license data), but imports from the aforementioned countries are also hefty.

Import HDG offers to the US Cwt. Metric ton (mt) Net ton (nt) Change from last week
         
0.012"x40.875" G30        
India* $46-$47 $1,014-$1,036 $920-$940 neutral
China* $45-$46 $992-$1,014 $900-$920 neutral
Mexico** $45-$46 $992-$1,014 $900-$920 neutral
         
0.019" x 48" G90         
China* $47-$48 $1,036-$1,058 $940-$960 neutral
India* $47-$48 $1,036-$1,058 $940-$960 neutral
Taiwan* $48-$49 $1,058-$1,080 $960-$980 neutral
         
Import Galvalume offers to the US         
0.019x41.5625 Gr80/AZ55        
Taiwan* $49-$50 $1,080-$1,102 $980-$1,000 neutral
Mexico** $47.50-$48.50 $1,080-$1,102 $980-$1,000 neutral
China* $49-$50 $1,080-$1,102 $980-$1,000 neutral
*DDP loaded truck in US Gulf ports

**DDP loaded truck delivered into Houston

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