Trader sources have said that while the average spot market price ranges for US import hot dipped galvanized (HDG) and Galvalume markets continue to remain neutral, that customers are concerned about the possibility of COVID-19 related supply chain disruptions.
“A lot of my customers are calling to ask whether they’ll still get their steel,” a source said. “As of now, our company hasn’t heard anything about delays or disruptions to shipments, but it’s definitely on the minds of our customers.”
This week’s offer prices are listed in the chart below.
0.012” G30 HDG coil | $/cwt | $/mt | $/nt | Weekly change | Delivery |
South Africa / UAE | $48-$50 | $1,058-$1,102 | $960-$1,000 | neutral | DDP loaded truck in US Gulf ports |
Brazil | $41-$42 | $904-$926 | $820-$840 | neutral | DDP loaded truck in US Gulf ports |
Galvalume coil 0.019x41.5625 Gr80/AZ55 | |||||
Mexico, Brazil, Korea | $49-$50 | $1,080-$1,102 | $980-$1,000 | neutral | FOB Houston / DDP loaded truck in US Gulf ports |