US HDG prices have remained neutral since our last report a week ago, but sources close to SteelOrbis say they believe a price increase is on the horizon. “There’s a lot of talk about mills rolling something out sooner than later,” a source said. “Especially in light of the fact that scrap prices fared better this month than a lot of people thought they would.”
Outside of the speculated, “perhaps imminent” price increase announcement rumor, the market as a whole, is unchanged week-over-week. Lead times are also stable, at 5-7 weeks, depending on the mill.
Current HDG and Galvalume coil pricing is listed in the chart below.
Product | $/cwt | $/mt | $/nt | Delivery | Weekly change |
US domestic HDG base price | $31-$33 | $683-$728 | $620-$660 | ex-mill | neutral |
US domestic Galvalume base price | $32-$34 | $705-$750 | $640-$680 | ex-mill | neutral |
0.019x41.5625 Gr80/AZ55 | $43-$45 | $948-$992 | $860-$900 | ex-mill | neutral, with deals available based on tonnage |