The US domestic HDG spot market is trending on the quiet side today, as many have the day off due to the national President’s Day holiday.
As with last week, prices continue to hold in the below stated range, although sources note that deals toward the lower end of that range are “disappearing fast.”
Sources report that order activity is “stable yet unexciting,” and while mills have not yet succeeded in pushing customers to accept their most recent $2.00 cwt. ($44/mt or $40/nt) price increase, it is believed that US flat rolled steel prices as a whole will increase slightly before the end of Q1. This suspicion is largely tied to happenings within the global marketplace along with current price firming for iron ore.
Current US HDG spot market prices 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 |
neutral |
|
|
|
|
|
|
|
US domestic Galvalume base price |
$39-$41 |
$860-$904 |
$780-$820 |
neutral |
|
|
|
|
|
|
|
0.019x41.5625 Gr80/AZ55 |
$49-$51 |
$1,080-$1,124 |
$980-$1,020 |
neutral |