Spot market prices for US domestic hot dipped galvanized and Galvalume coil have adjusted downward by approximately $3.00 cwt. ($66/mt or $60/nt) since our last report a week ago. Sources close to SteelOrbis have indicated that less-than-desired purchasing activity coupled with this month’s sharp drop in domestic scrap prices have both played a role in this revision.
“Domestic mill HDG base pricing, today is in the $33-$34/cwt, range with bigger transactions likely a bit lower,” a source said. “We suspect that this number will continue to drift down towards $30ish before the slide is over.”
Current US domestic HDG / Galvalume prices are listed in the chart below.
| Product | $/cwt | $/mt | $/nt | Delivery | Weekly change |
| US domestic HDG base price | $33-$34 | $728-$750 | $660-$680 | ex-mill | down $3.00 cwt. |
| US domestic Galvalume base price | $34-$35 | $750-$772 | $680-$700 | ex-mill | down $2.00 cwt. |
| 0.019x41.5625 Gr80/AZ55 | $45-$46 | $992-$1,014 | $900-$920 | ex-mill | down $1.00 cwt. |