US import HDG prices stabilize

Chinese and Indian hot dipped galvanized (HDG) import offers have remained soft this week after seeing a dip earlier in the month resulting from a drop in raw material prices. Sources tell SteelOrbis that these prices are especially attractive to US buyers right now because the forecast for US domestic  prices is uncertain. 

 

Chinese and Indian HDG import offers for 0.019" x 48" G90 are holding steady since last week and can be found in the general range of $41.00-$42.00 cwt. ($903-$925/mt or $820-$840/nt) DDP loaded truck in US Gulf ports. Chinese and Indian offers for HDG 0.012”x40.875” G30 coil are also stable this week at about $41.00-$42.00 cwt. ($903-$925/mt or $820-$840/nt) DDP loaded truck in US Gulf ports. Sources tell SteelOrbis that as long as these import offers remain in this general range, they expect buyers to start booking more orders overseas. Offer prices from other import sources are also holding steady and have not shown any change this week. The period for 2013 deliveries has ended, so any orders placed now will arrive early next year. Sources say that if anyone does need supply and can’t wait for that delivery date, they’re likely to just buy it from another trader because there’s plenty of supply and most warehouses are fully stocked.