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 |