US HDG market wonders if “Made in America Week” will bring answers in 232 investigation

Monday, 17 July 2017 22:10:48 (GMT+3)   |   San Diego

The White House today announced they’ve kicked off a “Made in America” themed week, which will promote US products, jobs and industries.

“This week the Trump administration will honor the amazing American workers and companies who have products that are made in America,” said White House director of media affairs Helen Ferre. The move is in line with President Trump’s pledge to bring back US manufacturing jobs.

Some question whether the announcement of a “Made in America” week is foreshadowing of an announcement on the results of the Section 232 investigation, which could implement high tariffs and quotas on imported steel.

For now, however, the US domestic hot dipped galvanized (HDG) and Galvalume markets continue to hold steady, with order activity and inquiries still trending light.  The most recently heard pricing for base-price US domestic HDG coil are still being heard at $39-$41 cwt. ($860-904/mt or $780-$820/nt), ex-mill.
 

  Cwt. Metric Ton (mt) Net ton (nt) Change from last week
US domestic HDG base price $39-$41 $860-$904 $780-$820 neutral
         
0.012”x40.875” G30        
ex-Midwest mill $47-$49 $1036-$1080 $940-$980 neutral
         
0.019”x48” G90        
ex-Midwest mill $47-$49 $1036-$1080 $940-$980 neutral
         
US domestic Galvalume base price        
ex-Midwest mill $39-$41 $860-$904 $780-$820 neutral
         
0.019x41.5625 Gr80/AZ55        
ex-Midwest mill $47-$49 $1036-$1080 $940-$980 neutral

Similar articles

US flat steel prices steady to up; cold weather, slim imports and scrap support

07 Feb | Flats and Slab

US flat steel prices at two year-highs amid steady demand, reduced imports, February scrap

30 Jan | Flats and Slab

US flat steel prices finish higher as likelihood of rising scrap boosts production costs

23 Jan | Flats and Slab

US flat steel prices up ahead of US Christmas holiday, January scrap supports

19 Dec | Flats and Slab

US flat steel prices continue up on local demand; stronger December and January scrap supportive

12 Dec | Flats and Slab

US flat steel pricing steady to up amid solid demand and rising December scrap

05 Dec | Flats and Slab

US flat steel pricing continues to rally higher in pre-Thanksgiving trade

26 Nov | Flats and Slab

US flat steel pricing continues mostly up as supply remains tight amid growing demand

21 Nov | Flats and Slab

US flat steel prices continue to advance amid tight supply, improving demand

14 Nov | Flats and Slab

US flat steel pricing recovers previous weekly dip with steady November scrap, HRC futures rally

10 Nov | Flats and Slab

Marketplace Offers

HDG Coil
Thickness:  0.5 - 4 mm
Width:  1,000 - 1,500 mm
Coil:   R
DAVUTOĞLU METAL MAK. İNŞ. SAN. TİC. LTD ŞTİ.
HDG Trapezoid Sheet
Thickness:  0.25 - 0.47 mm
Width:  925 mm
Length:  0 mm
FALCON STEEL (PTY) LTD
Prepainted Coil
Thickness:  0.4 mm
Width:  1,000 mm
Coil:   R
9002
OZGUN METAL