US import HDG offer prices hold flat

The most recently heard US import hot dipped galvanized (HDG) coil futures offers for 0.012”x40.875” G30 coil from Turkish, Indian and South African steelmakers continue to be heard at an approximate US sales price range of $42-$44 cwt.  ($925-$970/mt or $840-$880/nt), DDP loaded truck in US Gulf coast ports; Pakistani material of this same grade, which SteelOrbis last week reported to be heard at price point that was approximately $3.00 cwt. ($66/mt or $60/nt) less than Turkish, Indian and South African material, also continues to trend sideways.

“It’s just quiet out there due to it being the high of summer,” one trader source said.

In terms of US import tonnages in June, Brazilian mills continue to hold the lead. 
Last month, Brazilian steelmakers exported 12,100 mt of Galvalume to US ports.  According to the most recent data from the US Department of Commerce, Enforcement and Compliance, for the month June, the US imported 30,080 mt (license data) of coated steel from Brazilian steelmakers, which is more than three times the amount imported in June 2015, when US buyers imported 9,170 mt of coated steel from Brazil.