The current average spot market for US domestic HDG coil continues to be stable, but sources close to SteelOrbis have reported paying up to $2.00 cwt. ($44/mt or $40/nt) below the average spot market price for larger quantities.
The same holds true for US base-price Galvalume spot market prices, sources note. “The mills have been negotiating deals, there’s no question about it,” the source said.
Despite mills’ increased propensity for making deals, order activity and inquiries continue to be stable. It is, however, expected that the market will soon begin to experience the year-end seasons slowdown.
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 | with deals |
| US domestic Galvalume base price | ||||
| ex-Midwest mill | $46-$48 | $1,014-$1,058 | $920-$960 | with deals |
| 0.019x41.5625 Gr80/AZ55 | ||||
| ex-Midwest mill | $56-$58 | $1,235-$1,279 | $1,120-$1,160 | with deals |