Spot market prices for US domestic HDG and Galvalume have remained stable since our last report a week ago, but sources close to SteelOrbis say they’ve heard increased chatter about a possible price increase.
“Things are starting to soften and with scrap [prices] coming up this month, there is a lot of talk about mills possibly raising prices,” a source said. “There have been a lot of buyers who have been holding off because they’ve seen prices coming down and if an increase is announced, this may lead to a bunch of order activity, if people think the slide has ended.”
Current prices are still up substantially year-over-year; in early Oct. 2017, base price US HDG coil was trending at $36.00-$38.00 cwt. ($794-$838/mt or $720-$760/nt), ex-mill.
The current average spot market price transaction range is listed below.
| Cwt. | Metric Ton (mt) | Net ton (nt) | Change from last week | |
| US domestic HDG base price | $46-$48 | $1,014-$1,058 | $920-$960 | neutral |
| US domestic Galvalume base price | ||||
| ex-Midwest mill | $46-$48 | $1,014-$1,058 | $920-$960 | neutral |
| 0.019x41.5625 Gr80/AZ55 | ||||
| ex-Midwest mill | $56-$58 | $1,235-$1,279 | $1,120-$1,160 | neutral |