US import HDG market stays its course

Tuesday, 13 August 2019 20:31:57 (GMT+3)   |   San Diego
       

US import HDG coil prices have remained stable for the second week in a row, according to sources. Order activity and inquiries have remained largely steady, as buyers are reluctant to purchase specialty grades of HDG coil from domestic producers, out of concerns that domestic mills will cease making these products due lower profit margins. Although prices in the US HDG market have improved in the past several weeks, it’s believed that US domestic offers will start to erode again in Q4. As such, buyers still prefer to buy specialty grade coil from offshore suppliers.

As with the past two weeks, offshore mills are still wanting to get prices for Gr80 / AZ55 Galvalume closer to the $50 cwt. ($1,102/mt-$1,000/nt) ex-mill mark. Sources say that deals toward the lower end of the below stated range are “not as available as they were last week.”

 

0.012”x40.875” G30 HDG coil $/cwt $/mt $/nt Weekly change Delivery 
           
Brazil / Egypt $46 $1,014 $920 neutral DDP loaded truck in US Gulf ports 
UAE, South Africa, Mexico $48-$50 $1,058-$1,102 $960-$1,000 neutral DDP loaded truck in US Gulf ports 
           
Galvalume coil  0.019x41.5625 Gr80/AZ55          
Mexico, Brazil, Korea $48 $1,058 $960 neutral FOB Houston

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