Last week, SteelOrbis reported that US domestic scrap prices had settled at approximately $30/gt below May's settled prices, which has placed further downward pressure on the US HDG market. This week’s prices have softened by an additional $2.00 cwt. ($44/mt or $40/nt) from levels seen a week ago.
“This is just the reality of the market right now,” a source said. “At some point, someone at the mills is going to need to say ‘no.’ I think that’s the only thing that will stop this.”
Current US HDG spot market prices are listed in the chart below.
| Product | $/cwt | $/mt | $/nt | Delivery | Weekly change |
| US domestic HDG base price | $34.50-$36.50 | $761-$805 | $690-$730 | ex-mill | down $2.00 cwt. |
| US domestic Galvalume base price | $34.50-$36.50 | $761-$805 | $690-$730 | ex-mill | down $2.00 cwt. |
| 0.019x41.5625 Gr80/AZ55 | $44.50-$46.50 | $981-$1,025 | $890-$930 | ex-mill | down $2.00 cwt. |