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 |