Although some believed that prices within the US import hot dipped galvanized (HDG) markets would hold steady since “they are already well below US offer prices,” some offer prices from Chinese, Korean and Taiwanese producers have widened by approximately $1.00 cwt. ($22/mt or $20/nt) on the low end since our last report a week ago. SteelOrbis has also learned of new offer prices from Indian mills on 0.012”x40.875” G30 coil, which has widened that range by approximately $1.00 cwt. on the top end; the largest buyers, however, can still expect to place orders in the mid-to-low end of the current range.
“Offshore mills are hungry for orders,” according to one trader source. “Inventories are still healthy and there is a lot of material that was ordered late last year that is just starting to arrive at the docks.”
| 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 | neutral |
| India* | $39-$41 | $860-$904 | $780-$820 | widened by $1.00 cwt. On high end |
| 0.019" x 48" G90 | ||||
| China* | $37.50-$38.50 | $826-$849 | $750-$770 | down $1.00 cwt. |
| India* | $41.25-$42.25 | $909-$931 | $825-$845 | neutral |
| Import Galvalume offers to the US | ||||
| 0.019x41.5625 Gr80/AZ55 | ||||
| China* | $41.00-$43.00 | $860-$950 | $820-$860 | widened by $1.00 cwt. On low end |
| India* | $42.00-$43.00 | $926-$950 | $840-$860 | neutral |
| Brazil* | $40.50-$41.50 | $892-$914 | $810-830 | neutral |
| Korea* | $41.00-$43.00 | $860-$950 | $820-$860 | widened by $1.00 cwt. On low end |
| Taiwan* | $41.00-$43.00 | $860-$950 | $820-$860 | widened by $1.00 cwt. On low end |
| Mexico | $40.50-$42.00 | $893-$926 | $810-$840 | neutral |
| *DDP loaded truck in US Gulf ports |