US domestic hot dipped galvanized steel are mostly steady since our last report a week ago, but as with last week, buyers are still taking a wait-and-see approach to the market.
Sources close to SteelOrbis have said that while auto production restarts are a positive sign, the impact has yet to be felt by the HDG market. Lead times continue to hold at 6-7 weeks, sources note, adding that spot market prices are “mostly stable.”
“We’re keeping our eyes on all the various facets of the market, including automotive production, COVID-19 infection rates in various parts of the country and the strong possibility that scrap prices are going to trend down again next month,” a source said. “We’re also keeping very close tabs on how mill restarts may impact the market, since steel demand as a whole is far from booming.”
This week’s domestic HDG and Galvalume spot market prices are listed in the chart below.
| Product | $/cwt | $/mt | $/nt | Delivery | Weekly change |
| US domestic HDG base price | $34-$36 | $750-$794 | $680-$720 | ex-mill | neutral |
| US domestic Galvalume base price | $34-$36 | $750-$794 | $680-$720 | ex-mill | neutral |
| 0.019x41.5625 Gr80/AZ55 | $44-$46 | $970-$1,014 | $880-$920 | ex-mill | neutral |