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 |