Spot market prices within the US import hot dipped galvanized (HDG) and Galvalume markets continue to remain steady. Additionally, trader sources have confirmed that order activity and inquiries are also on par with levels heard a week ago.
In terms of Brazilian pricing, it should be noted that offers from Brazil are significantly lower than offers from other countries, because US import steel from Brazil is not subject to the Section 232 tariff.
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 |