US domestic HDG prices are still climbing, despite last week’s temporary price retreat. In the early part of last week, it appeared that US HDG spot market prices had softened on the top end, but by Friday, they widened once again. This week, prices are trending at the top end of that range.
“A lot of us had speculated that the market had peaked, but apparently, we were wrong. It looks like this thing still has some steam left in it,” a source said.
Another source agreed. “I can’t imagine that anyone is doing any restocking at these numbers, and since buyers aren’t building inventory, they’re going to need to buy steel on the spot market,” he said. “It feels like this is a self-perpetuating cycle.”
Current prices are listed in the chart below.
| Product | $/cwt | $/mt | $/nt | Previous range | Delivery |
| US domestic HDG base price | $70 +/- | $1,543 | $1,400 | $65-$67.50 | ex-mill |
| US domestic Galvalume base price | $70 +/- | $1,543 | $1,400 | $65-$67.50 | ex-mill |
| 0.019x41.5625 Gr80/AZ55 | $80+ | $1,763 | $1,600 | $75 | ex-mill |