US HDG prices still mostly stable

Monday, 05 August 2019 20:20:05 (GMT+3)   |   San Diego
       

Spot market prices for US domestic hot dipped galvanized (HDG) and Galvalume coil are still mostly stable, although sources close to SteelOrbis have indicated that “big players” in the market can still buy at price points that are approximately $1.00 cwt. ($22/mt or $20/nt) below the average range.

Scrap prices have settled upward during this month’s buy cycle, and it’s expected that mills will try to use that to their advantage. It’s possible that slight additional firming may take place within the next week on the heels of higher scrap prices.

Current US HDG spot market prices are listed in the chart below.

Product $/cwt $/mt $/nt Delivery Weekly change
US domestic HDG base price $35-$37   $772-$816 $700-$740 ex-mill neutral
           
US domestic Galvalume base price   $35-$37 $772-$816 $700-$740 ex-mill neutral
           
0.019x41.5625 Gr80/AZ55 $45-$47 $992-$1,036   $900-$940   ex-mill neutral

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