Spot market prices for US domestic HDG and Galvalume have continued to firm since our last report a week ago, sources note, adding that higher scrap prices coupled with a lack of available spot tons have contributed to this week’s uptick. Similar to last week, sources say they’re concerned that still-pending new capacity will impact pricing once it comes online.
As noted in the chart below, this week’s prices have more than doubled from where they were in mid-May 2020, which has many concerned that current price points are unsustainable.
| Product | $/cwt | $/mt | $/nt | last week | Delivery |
| US domestic HDG base price | $84-$86 | $1,852-$1,896 | $1,680-$1,720 | $81-$83+ | ex-mill |
| US HDG base price 5/11/2020 | $32-$34 | $705-$750 | $640-$680 | n/a | ex-mill |
| 0.012” G30 HDG coil | $94-$96 | $2,072-$2,116 | $1,880-$1,920 | $91-$93+ | ex-mill |
| US domestic Galvalume base price | $84-$86 | $1,852-$1,896 | $1,680-$1,720 | $81-$83+ | ex-mill |
| US domestic Galvalume base price May 11, 2020 | $32-$34 | $705-$750 | $640-$680 | n/a | ex-mill |
| 0.019x41.5625 Gr80/AZ55 | $94-$96 | $2,072-$2,116 | $1,880-$1,920 | $91+ | ex-mill |