Spot market prices for US domestic hot dipped galvanized and Galvalume coil have stabilized in the past week, although market players are questioning how long prices will stay level.
On Friday, the US Department of Commerce released its recommendations under the Section 232 investigation, which include remedies that span from a 24 percent global tariff, to a tariff of at least 53 percent against imports from certain countries, to a quota on all steel products that are imported into the US.
Although President Trump has until April 11 to make a decision, domestic buyers believe that flat rolled steel mills will continue to push prices upward in advance of Trump’s announcement.
“Prices will continue to go up, but at this point it’s just a matter of trying to figure out by how much,” a source said. “If any of the Section 232 recommendations are implemented, that will help nudge prices up even higher.”
Current prices for US HDG coil are listed in the chart below.
| Cwt. | Metric Ton (mt) | Net ton (nt) | Change from last week | |
| US domestic HDG base price | $41.00-$42.50 | $904-$937 | $820-$850 | neutral |
| 0.012”x40.875” G30 | ||||
| ex-Midwest mill | $49.50-$51.50 | $1091-$1135 | $990-$1030 | neutral |
| 0.019”x48” G90 | ||||
| ex-Midwest mill | $49.50-$51.50 | $1091-$1135 | $990-$1030 | neutral |
| US domestic Galvalume base price | ||||
| ex-Midwest mill | $41.00-$42.50 | $904-$937 | $820-$850 | neutral |
| 0.019x41.5625 Gr80/AZ55 | ||||
| ex-Midwest mill | $49.50-$51.50 | $1091-$1135 | $990-$1030 | neutral |