Spot market prices for US domestic HDG and Galvalume coil have remained on their uptrend, sources note, as many are starting to believe that the price trajectory could last through the end of the year.
“A lot of us didn’t think we’d finish off the year in a sellers’ market, but here we are,” a source said. “Supply is still tight, end-user demand remains strong, and if scrap trends up in December, prices could go even higher.”
A second source agreed, and said the only thing that could “knock the wind out of this,” is another COVID lockdown. On Monday, more than 166,000 new cases COVID-19 among Americans were confirmed, and hospitals in many parts of the US are at or near capacity. Several cities, such as Philadelphia and Chicago, have already announced shelter-in-place orders, and states such as California and New Jersey have tightened restrictions on retail capacity and restaurant operations. Industrial businesses have not been affected yet, but sources are keeping close tabs on developments just in case.
For now, prices remain strong. This week’s prices are listed in the chart below.
| Product | $/cwt | $/mt | $/nt | Delivery | Weekly change |
| US domestic HDG base price | $45-$47 | $992-$1,036 | $900-$940 | ex-mill | up $2.00 cwt. |
| US domestic Galvalume base price | $45-$47 | $992-$1,036 | $900-$940 | ex-mill | up $2.00 cwt. |
| 0.019x41.5625 Gr80/AZ55 | $55-$57 | $1,213-$1,257 | $1,100-$1,140 | ex-mill | up $4.00 cwt. On the bottom end, up $3.00 cwt on the top end |