US import HDG prices steady after last week’s uptick

Monday, 19 July 2021 23:47:22 (GMT+3)   |   San Diego
       

Sources close to SteelOrbis have confirmed that spot market prices for US import HDG and Galvalume stabilized since our last report a week ago, although market players question how long this stability will last. Others, however, still believe that “what goes up must come down,” adding that still-high prices and the months-long pricing uptrend has a limited shelf life.

“There are two scenarios in which prices will stabilize,” a souce said. “Either one, supply and demand starts to rebalance, or two, the Section 232 tarriffs are removed, which will take [offshore prices] down by 25%.  I expect that one of these scenarios will play out in the fourth quarter.”

This week’s prices are listed in the chart below.

 

0.012” G30 HDG coil $/cwt $/mt $/nt previously Delivery 
UAE, Turkey, South Africa and Vietnam $100+/- $2,205 $2,000 $100+/- DDP loaded truck in US Gulf ports 
           
Galvalume coil 019 Gr80/AZ55          
Vietnam  $105 $2,315 $2,100 $105 DDP loaded truck in US Gulf ports
Mexico $110 $2,425 $2,200 $110 FOB Houston
Korea and Taiwan  $106-$110 $2,337-$2,425 $2,120-$2,200 $106-$110 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