US domestic HDG and Galvalume coil prices are still climbing, sources note, adding that this is a “demand driven market that’s still being hurt by short supply.”
“As long as the lead times are out and service center inventories are down, we’re going to keep seeing prices get pushed higher,” a source said. “Service centers aren’t going to pull up their inventories at these [price] levels. There’s too much risk.”
Another source agreed.
“This is a tricky market, that’s for sure,” he said. “We’re almost at a year of constantly increasing prices. This is insane.”
This week’s prices are listed in the chart below.
Product | $/cwt | $/mt | $/nt | Last week | Delivery |
US domestic HDG base price | $94-$96 | $2,072-$2,116 | $1,880-$1,920 | $93-$96 | ex-mill |
0.012” G30 HDG coil | $105+ | $2,315 | $2,100+ | $103+ | ex-mill |
US domestic Galvalume base price | $94-$96 | $2,072-$2,116 | $1,880-$1,920 | $93-$96 | ex-mill |
0.019x41.5625 Gr80/AZ55 | $105+ | $2,315 | $2,100+ | $104+ | ex-mill |