US import HDG prices shift downward

Tuesday, 22 October 2019 18:30:48 (GMT+3)   |   San Diego
       

Spot market prices for US import 0.012”x40.875” G30 HDG coil from Egypt have shifted downward by at least $2.00 cwt. ($44/mt or $40/nt) since our last report a week ago. The price range for US import Galvalume coil has also widened by $2.00 cwt. on the bottom end of the range.

G30 prices are down substantially since the first week of January, when prices were trending between $50-$52 cwt. ($1,102-$1,146/mt or $1,000-$1,040/nt), DDP loaded truck in US Gulf coast ports. Additionally, spot market prices for US import 0.012”x40.875” G30 HDG, sources note, are down more than $11 cwt. ($243/mt or $220/nt), year-over-year. Galvalume prices have also endured a steep erosion since the start of 2019.

In terms of total import tonnages, the US department of Commerce indicates that as of Sept. 2019, global imports of hot dipped galvanized sheets and strip were recorded at 180,676 mt (license data), compared to 222,236 mt (census data) during the same reporting period last year.

 

0.012”x40.875” G30 HDG coil $/cwt $/mt $/nt Weekly change Delivery 
Egypt $44 $970 $880 down $2.00 cwt.  DDP loaded truck in US Gulf ports 
Jan. 2019 average $50-$52 $1,102-$1,146 $1,000-$1,040  /  DDP loaded truck in US Gulf ports 
Oct. 23, 2018 average $55-$56 $1,213-$1,235 $1,100-$1,120 / DDP loaded truck in US Gulf ports 
           
Galvalume coil  0.019x41.5625 Gr80/AZ55          
Mexico, Brazil, Korea $44-$46 $970-$1104 $880-$920 down $2.00 cwt on the bottom end FOB Houston / DDP loaded truck in US Gulf ports
Jan. 2019 average $52-$54 $1,146-$1191 $1,040-$1,080 / FOB Houston / DDP loaded truck in US Gulf ports
Oct. 23, 2018 average $55-$56 $1,213-$1,235 $1,100-$1,120 / FOB Houston / DDP loaded truck in US Gulf ports

Similar articles

Flat steel prices in local Taiwanese market - week 13, 2024

28 Mar | Flats and Slab

Romania’s sole flats mill cuts HRC prices, raises HDG and PPGI prices

22 Mar | Flats and Slab

Flat steel prices in local Taiwanese market - week 12, 2024

21 Mar | Flats and Slab

Turkey’s coated steel export prices weaken

20 Mar | Flats and Slab

MMK reports record coated rolled product shipments to local market in 2023

19 Mar | Steel News

US HRC prices still ticking downward, prices expected to bottom this month

15 Mar | Flats and Slab

Flat steel prices in local Taiwanese market - week 11, 2024

14 Mar | Flats and Slab

CRC and coated steel prices in Turkey down slightly, discounts applicable

13 Mar | Flats and Slab

Tata Steel chooses Danieli for pickling and galvanizing line investment

12 Mar | Steel News

Baosteel keeps local HRC prices stable for April

12 Mar | Flats and Slab