US HDG prices have started to firm in the past seven days, and although US flats mills have yet to announce a long-expected second price increase, many believe that it will come sooner than later.
“Early reports are that some grades of scrap have already sold at up $35/gt ($36/mt), and while the market isn’t expected to settle until the end of next week, this is a good sign,” a source said. “If scrap jumps up I think a flats [price] increase is all but guaranteed.”
Lead times have extended slightly week-over-week, sources note. Last week, lead times were at 5-7 weeks. Today, the average is trending at 6-8 weeks.
Current HDG and Galvalume coil pricing is listed in the chart below.
| Product | $/cwt | $/mt | $/nt | Delivery | Weekly change |
| US domestic HDG base price | $32-$35 | $705-$772 | $640-$700 | ex-mill | up $1.00 cwt on the bottom end, up $2.00 cwt on the top end. |
| US domestic Galvalume base price | $32-$35 | $705-$772 | $640-$700 | ex-mill | up $1.00 cwt. On the top end |
| 0.019x41.5625 Gr80/AZ55 | $45-$47 | $992-$1,036 | $900-$940 | ex-mill | up $2.00 cwt. But deals are available |