US HDG prices exhibit signs of stability

Monday, 16 April 2018 01:12:56 (GMT+3)   |   San Diego
       

Pricing within the US domestic hot dipped galvanized and Galvalume spot market has remained stable, week-over-week, with buyers throughout the US reporting that while the below numbers represent the most commonly heard transaction range, “some volume buyers are paying a little bit less, while some people who are booking smaller tonnages may be paying slightly more.”

Market players continue to report that orders are being placed only on an “as needed” basis, due to fear and concern that prices could correct if mass exemptions are given to foreign allies with regard to Section 232 tariffs. On the other hand, it’s been noted that the Trump administration might aim to curb imports by “as much as 30 percent from historical levels”—similar to their trade renegotiation with South Korea—which could keep US prices firm due to “the basic principles surrounding supply and demand.”

Additional clarity on Section 232 is expected to come by the end of the month.

  Cwt. Metric Ton (mt) Net ton (nt) Change from last week
US domestic HDG base price $50-$52 $1102-$1146 $1000-$1040 neutral
         
US domestic Galvalume base price        
ex-Midwest mill $50-$52 $1102-$1146 $1000-$1040 neutral
         
0.019x41.5625 Gr80/AZ55        
ex-Midwest mill $60-$62 $1323-$1367 $1200-$1240 neutral

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