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

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