Although this year’s July 4 celebration was largely muted due to the COVID-19 pandemic, domestic HDG prices seem to have kicked off the week with a slight hangover.
“The market is a bit soft; lead times aren’t great, and mills keep talking about bringing back capacity,” a source said. “We have all of the necessary ingredients for a downtrend.”
Lead times continue to hold at 5-6 weeks, another source continued, but that hasn’t stopped prices from coming down.
“Everything is down by about $1.00 cwt. ($22/mt or $20/nt) in the past week,” he said, adding that he’s heard of some “quiet deals” that have taken place “at closer to $32 cwt. ($705/mt or $740/nt) for base-price HDG coil. “Deals are being made- there’s no doubt about that,” he continued.
Current domestic HDG and Galvalume spot market prices are listed in the chart below.
| Product | $/cwt | $/mt | $/nt | Delivery | Weekly change |
| US domestic HDG base price | $33-$34 | $728-$750 | $660-$680 | ex-mill | down $1.00 cwt. |
| US domestic Galvalume base price | $33-$34 | $728-$750 | $660-$680 | ex-mill | down $1.00 cwt. |
| 0.019x41.5625 Gr80/AZ55 | $43-$44 | $948-$970 | $860-$880 | ex-mill | down $1.00 cwt. |