US import HDG prices likely to rise

Tuesday, 03 January 2012 02:24:11 (GMT+3)   |  

After closing order books for March delivery about a week or two ago, offshore mills' price idea for offers of coated flat steel products to the US for April has not been announced. However, import prices may have reached a temporary bottom in December, and common import sources such as Taiwan, China and India may seek to raise import offer prices on hot dipped galvanized (HDG) and Galvalume products to the US in the next couple weeks to mirror recent increases in US domestic spot prices. Nevertheless, if US import activity remains lethargic, trader sources tell SteelOrbis that the offshore mills will quickly back off the increases.  
 

Import HDG offers to the US Cwt. Metric ton (mt) Net ton (nt) Change from last week
         
0.012"x40.875" G30        
India* $46-$47 $1,014-$1,036 $920-$940 neutral
China* $46-$47 $1,025-$1,047 $930-$950 neutral
Mexico** $45-$47 $992-$1,036 $900-$940 neutral
         
0.019" x 48" G90         
China* $47-$48 $1,036-$1,058 $940-$960 neutral
India* $46-$47 $1,014-$1,036 $920-$940 neutral
Taiwan* $49-$50 $1,080-$1,102 $980-1,000 neutral
         
Import Galvalume offers to the US         
0.019x41.5625 Gr80/AZ55        
Taiwan* $48-$49 $1,058-$1,080 $960-$980 neutral
Mexico** $47-$49 $1,036-$1,080 $940-$980 neutral
China* $47.50-$48.50 $1,047-$1,069 $1,047-$1,069 neutral
*DDP loaded truck in US Gulf ports

**DDP loaded truck delivered into Houston

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Thickness 0.5 - 4 mm
Width 1,000 - 1,500 mm
Coil  R
 
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