In our last report a week ago, SteelOrbis noted that while import HDG prices had remained stable, week-over-week, revised higher pricing was expected. The reason for the upward price momentum, sources said, was linked to upticks in raw materials costs, including scrap and iron ore, and “upside-down” supply and demand models. “There’s not enough capacity to meet demand,” a trader source said. “That’s the bottom line.”
Current revised pricing is listed in the chart below. Pricing for both products has increased by more than $20 cwt. ($441/mt or $400/nt) since mid-August 2020.
| 0.012” G30 HDG coil | $/cwt | $/mt | $/nt | previous range | Delivery |
| South Africa / UAE/ Vietnam / Korea | $68-$70 | $1,499-$1,543 | $1,360-$1,400 | $63-$68 | DDP loaded truck in US Gulf ports |
| 11-Aug-20 | $47+/- | $1,036/mt | $940/nt | N/A | DDP loaded truck in US Gulf ports |
| Galvalume coil 0.019x41.5625 Gr80/AZ55 | |||||
| Vietnam / Korea | $68-$70 | $1,499-$1,543 | $1,360-$1,400 | $65-$69 | DDP loaded truck in US Gulf ports |
| 11-Aug-20 | $45+ | $992/mt | $900/nt | N/A | DDP loaded truck in US Gulf ports |