US HDG prices likely to hold stable through May 1

Monday, 23 April 2018 00:14:42 (GMT+3)   |   San Diego
       

Pricing within the US domestic hot dipped galvanized and Galvalume spot market has once again remained stable, but SteelOrbis sources say that “all bets may be off” once the Trump administration finalizes the Section 232 exemptions list.

It’s widely believed that if the 25 percent tariff is not upheld, in favor of import quotas instead, that US mills will continue to try to push prices higher, despite early indications of soft-sideways scrap pricing next month.

“This is apparently the new normal,” a source said. “No one knows much of anything.”

  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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