US import HDG market stable year-over-year

Tuesday, 05 February 2019 00:55:08 (GMT+3)   |   San Diego
       

As in previous weeks, volatility in the US domestic HDG market continues to have buyers trending cautious in terms of booking US import HDG and Galvalume coil from offshore providers.

Year-over-year import tonnages, however, appear to be stable, despite the implementation of Section 232 tariffs and quotas.  January 29 data from the US DOC shows that for the month of October 2018, the US imported 236,055 mt of HDG coil from global sources, which is nearly identical to levels reported in October 2017, when the US imported 238,933 mt.

Of greatest interest, is Rep. Warren Davidson’s Global Trade Accountability Act, which was introduced into the House of Representatives late last month. If passed, the bill would restore Congress’s constitutional authority over trade and international commerce, including approval on tariffs, duties and quotas. Should this happen, US buyers could have the relief they’re seeking in terms of import HDG coil purchases, especially on specialty grades that are not being produced by domestic mills.  As such, passage of the legislation is largely supported by end-users, who rely on offshore mills for “unusual grades and sizes.”
 

0.012”x40.875” G30 HDG coil cwt.  metric ton net ton change since last week  
           
Egypt $47.50-$50.00 $1,047-$1,102 $950-$1,000 neutral DDP loaded truck in US Gulf ports 
Vietnam $47.50-$50.00 $1,047-$1,102 $950-$1,000 neutral DDP loaded truck in US Gulf ports 
Brazil $46-$47 $1,014-$1,036 $920-$940 neutral DDP loaded truck in US Gulf ports 
           
Galvalume coil  0.019x41.5625 Gr80/AZ55          
Vietnam  $49-$50 $1,080-$1,102 $982-$1,000 neutral DDP loaded truck in US Gulf ports 
Mexico $49-$50 $1,080-$1,102 $982-$1,000 neutral FOB Houston

 


Most Recent Related Articles

US domestic line pipe market still sluggish

US OCTG market uncertain of “true price”

US HSS prices still soft, price increase possibly on the horizon

US line pipe prices

US HSS prices still soft, price increase expected to be imminent