US import HDG players take a “gloves off” approach to pricing

Tuesday, 16 December 2014 01:00:37 (GMT+3)   |   San Diego
Although many felt that after last week’s dip in US import HDG futures pricing, the market might hold stable through the close of 2014.  Sources close to SteelOrbis say that Indian traders were concerned about sharp declines in export volumes, which may have contributed to revisions in order pricing.

“Offshore mills are hungry, plain and simple,” according to a Texas-based source. And although Galvalume offer prices have not officially wavered, it’s rumored that Chinese, Korean and Taiwanese producers are willing to match Brazilian prices if the tonnages are right. At the same time, activity is relatively slow, especially since many have already to take time off in advance of the end-of-year holiday season.

Import HDG offers to the US Cwt. Metric ton (mt) Net ton (nt) Change from last week
         
0.012”x40.875” G30        
         
China* $38.50-$40.00 $849-$860 $770-$800 down $2.00 cwt. 
India* $39-$40 $860-$882 $780-$800 down $2.50 cwt. 
         
0.019" x 48" G90        
         
China* $38.50-$39:50 $849-$871 $770-$790 down $0.50 cwt. 
India* $41.25-$42.25  $909-$931 $825-$845 down $1.00 cwt. 
         
         
Import Galvalume offers to the US        
0.019x41.5625 Gr80/AZ55        
         
China* $42.00-$43.00  $926-$950 $840-$860 neutral
India* $42.00-$43.00  $926-$950 $840-$860 neutral
Brazil* $40.50-$41.50 $892-$914 $810-830 neutral 
Korea* $42.00-$43.00  $926-$950 $840-$860 neutral
Taiwan* $42.00-$43.00  $926-$950 $840-$860 neutral
Mexico $40.50-$42.00 $893-$926 $810-$840 neutral
*DDP loaded truck in US Gulf ports        

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