US import HDG prices steady after last week’s downward shift

Tuesday, 12 May 2020 21:53:30 (GMT+3)   |   San Diego
       

Spot market prices for US import HDG and Galvalume coil have remained neutral in the past seven days. Last week, import prices shifted downward by $2.00-$3.00 cwt. ($44-$66/mt or $40-$60/nt), due to global economic pressures brought on by the coronavirus. Sources close to SteelOrbis have said that interest in booking offshore “is still there,” due to a belief that domestic prices are about to resume an uptrend.

It should further be noted that year-over-year prices are down substantially.

Current offer prices are listed in the chart below.

 

0.012” G30 HDG coil $/cwt $/mt $/nt Weekly change Delivery 
South Africa / UAE/ Vietnam / Korea $43 +/- $948/mt $860/nt neutral DDP loaded truck in US Gulf ports 
Average price May 14, 2019 $49-$50 $1,080-$1,102 $980-$1,000 neutral DDP loaded truck in US Gulf ports 
           
Galvalume coil  0.019x41.5625 Gr80/AZ55          
Vietnam / Korea $42-$43 $926-$948/mt $840-$860/nt neutral FOB Houston / DDP loaded truck in US Gulf ports
Average price May 14, 2019 $49-$51 $1,080-$1,124 $980-$1,020 neutral DDP loaded truck, US Gulf ports 

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