US domestic hot dipped galvanized (HDG) and Galvalume coil prices continue to hold stable, sources note, adding a widespread belief that pricing and order activity will remain stable through the close of the Memorial Day holiday.
The big question, sources note, is what the Trump administration will decide with regard to Section 232 tariffs and quotas; that decision is expected to be rendered toward the end of next week.
US steel stocks tumbled today after President Donald Trump announced he’d changed his mind with regard to imposing Section 301 tariffs on China, because China has committed to buying more goods from the US.
Steel tariffs are still in play, but buyers and sellers of US HDG and Galvalume coil have expressed concern tariffs and quotas against imported steel may “only be a bargaining chip,” adding that until they have a clearer understanding of the official trade policies of the Trump administration that all outcomes remain in play.
| Cwt. | Metric Ton (mt) | Net ton (nt) | Change from last week | |
| US domestic HDG base price | $50-$52 | $1102-$1146 | $1000-$1040 | neutral |
| US domestic Galvalume base price | ||||
| ex-Midwest mill | $50-$52 | $1102-$1146 | $1000-$1040 | neutral |
| 0.019x41.5625 Gr80/AZ55 | ||||
| ex-Midwest mill | $60-$62 | $1323-$1367 | $1200-$1240 | neutral |