The situation within the US domestic HDG and Galvalume coil is nearly identical to what’s been seen in recent weeks. Namely, availability is still tight and prices have continued to climb.
“Every time you blink, prices are higher,” a source said. “Lead times are at or above 9 weeks and mills have the upper hand. We expect that prices will continue to climb through January, at least.”
Another source agreed, adding that a mill quotes his company base price HDG spot tons at $60 cwt. ($1,323/mt or $1,200/nt) ex-mill. “This is absolute madness,” he said. “What’s happening with the market, today, is unlike anything I’ve seen in the past.”
Current prices are listed in the chart below.
| Product | $/cwt | $/mt | $/nt | Delivery | Weekly change |
| US domestic HDG base price | $53-$54+ | $1,168-$1,191 | $1,060-$1,080 | ex-mill | up at least $3.00 cwt. |
| US domestic Galvalume base price | $53-$54+ | $1,168-$1,191 | $1,060-$1,080 | ex-mill | up at least $3.00 cwt. |
| 0.019x41.5625 Gr80/AZ55 | $61-$62 | $1,345-$1,367 | $1,220-$1,240 | ex-mill | up at least $3.00 cwt. |