US domestic HDG prices have continued to climb since our last report two weeks ago, and sources believe that the price ceiling has yet to be reached. “Scrap is expected to settle up substantially this month,” a source said. “If that happens, HDG prices will continue to climb.” Although scrap is not expected to settle until later this week, it’s widely held that prices will firm up by $80-$120/gt from December settled prices.
“The market is nothing short of crazy pants. Prices are still climbing and if people want their steel, they have to pay up,” another source said.
Current prices are listed in the chart below.
| Product | $/cwt | $/mt | $/nt | Previous range | Delivery |
| US domestic HDG base price | $60-$62 | $1,323-$1,367 | $1,200-$1,240 | $55+ | ex-mill |
| US domestic Galvalume base price | $60-$62 | $1,323-$1,367 | $1,200-$1,240 | $55+ | ex-mill |
| 0.019x41.5625 Gr80/AZ55 | $70-$72 | $1,543-$1,587 | $1,400-$1,440 | $63-$65+ | ex-mill |