US import hot dipped galvanized coil prices have remained stable since our last report a week ago, although some sources close to SteelOrbis question how long current price points will last.
For example, economists note that the global economy is on the edge of a boom, adding that while in the early days of the pandemic, the global economy suffered its worst downturn since the early 1940s, it’s now poised for swift, “outstanding” recovery. That sentiment has been echoed by banking giant Morgan Stanley, who predicts a 6.4% uptick in global gross domestic product in the current year. Goldman Sachs agrees and predicts that the speed of the economic recovery will be equal to the speed of its decline.
As such, demand for manufactured goods, and steel, is expected to remain strong for the foreseeable future. And while current price points are “above what anyone has seen in their lifetimes,” it’s believed that a booming global economy will continue to bolster prices for hot dipped galvanized and Galvalume coil.
| 0.012” G30 HDG coil | $/cwt | $/mt | $/nt | Last week | Delivery |
| UAE | $90+ | $1,984+ | $1,800+ | $90+ | DDP loaded truck in US Gulf ports |
| South Africa | $90+ | $1,984+ | $1,800+ | $90+ | DDP loaded truck in US Gulf ports |
| Mexico | $90+ | $1,984+ | $1,800+ | $90+ | FOB Houston |
| Galvalume coil 019 Gr80/AZ55 | |||||
| Vietnam | $90+ | $1,984+ | $1,800+ | $90+ | DDP loaded truck in US Gulf ports |
| Mexico | $90+ | $1,984+ | $1,800+ | $90+ | FOB Houston |