US HDG spot market prices still flexible

Monday, 28 January 2019 22:54:15 (GMT+3)   |   San Diego

Current prices in the US domestic HDG spot market have ticked down a notch in the past week; as evidenced in the chart, todays’ prices are down slightly year-over-year.

Deals below the average range, sources say, are available for volume buyers.

The question as to whether today’s mill-announced $2.00 cwt. ($44/mt or $40/nt) price increase will gain acceptance, as opposed to “stopping the bleeding,” has yet to be answered. As of time of publication, Nucor is the only mill to announce, although it’s widely held that the other US domestic flat rolled steel mills will announce shortly.
Current average price transaction ranges are listed in the chart below.

EX-Mill Cwt. Metric Ton (mt) Net ton (nt) Change from last week
US domestic HDG base price $39-$41 $860-$904 $780-$820 down $1.00 cwt, with deals for volume 
29-Jan-18 $40-$42 $882-$926 $800-$840 ###
US domestic Galvalume base price $39-$41 $860-$904 $780-$820 down $1.00 cwt, with deals for volume 
29-Jan-18 $40-$42 $882-$926 $800-$840 ###
0.019x41.5625 Gr80/AZ55 $49-$51 $1,080-$1,124 $980-$1,020 down $1.00 cwt, with deals for volume 
29-Jan-18 $49-$51 $1,080-$1,124 $980-$1,020 ##

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