US HDG prices soften slightly

Monday, 29 June 2020 20:55:40 (GMT+3)   |   San Diego

US domestic hot dipped galvanized steel spot market prices have softened by $1.00 cwt. ($22/mt or $20/nt) on the top end since our last report a week ago.  Lead times, which had been trending at 6-7 weeks, have softened to 5-6 weeks.

Sources close to SteelOrbis have said they’re keeping close tabs on scrap prices during the current month’s buy cycle. Although it’s been speculated that HMS, P&S, shredded and busheling scrap prices would trend down in July, early indicators point to sideways trading on cut grades, with a $10-$20/gt ($10-$20/mt) downtrend for busheling. However, firm numbers are not expected until after the July 4 holiday.

This week’s 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 $34-$35 $750-$772 $680-$700 ex-mill down $1.00 cwt. on the top end
US domestic Galvalume base price $34-$35 $750-$772 $680-$700 ex-mill down $1.00 cwt. on the top end
0.019x41.5625 Gr80/AZ55 $44-$45 $970-$992 $880-$900 ex-mill down $1.00 cwt. on the top end

Most Recent Related Articles

US HDG prices still firming, but for how long?

US HDG prices still climbing despite high capacity utilization rates

US import HDG prices steady after last week’s uptick

US HDG prices still climbing with no end in sight

US import HDG prices rise once again