US import HDG prices still moving upward

Monday, 07 June 2021 20:49:09 (GMT+3)   |   San Diego
       

Sources close to SteelOrbis have confirmed that spot market prices for US import HDG and Galvalume coil have climbed yet again, adding that while import prices are still at historical highs, offshore prices are still “slightly less” than domestic offers.

Import offers for 0.012” G30 coil are trending roughly $3 cwt ($33/mt or $30/nt) less than domestic pricing, while import 019 Gr80/AZ55 is roughly $5 cwt. ($110/mt or $100/nt) below US pricing.

And while some are concerned that domestic prices will fall before imported tons arrive, it’s worth noting that a poll conducted today at SteelOrbis RWR conference suggested most respondants think domestic prices will stay strong until 2022, rather than dropping in Q3 or Q4 of this year.

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

 

0.012” G30 HDG coil $/cwt $/mt $/nt previously Delivery 
UAE $98+ $2,161 $1,960 $95+ DDP loaded truck in US Gulf ports 
           
Galvalume coil 019 Gr80/AZ55          
Vietnam  $97+ $2,138 $1,940 $95+ DDP loaded truck in US Gulf ports
Mexico $97+ $2,138 $1,940 $95+ FOB Houston

Similar articles

US HDG, Galvalume coil prices drop for 17th straight week

18 Aug | Flats and Slab

Flat steel prices in local Taiwanese market - week 33

18 Aug | Flats and Slab

EU’s definitive AD duties on Russian and Turkish HDG come into force

15 Aug | Steel News

HRC suppliers in Turkey in upward mood, demand still fails to support

10 Aug | Flats and Slab

Baosteel cuts local HRC prices by $15/mt for September

10 Aug | Flats and Slab

Will Nucor Sheet Mill Group’s $50/nt price increase push US prices higher?

08 Aug | Flats and Slab

Turkey’s coated and CRC prices still pulled down by low demand

04 Aug | Flats and Slab

Price slide continues for US HDG, Galvalume coil

01 Aug | Flats and Slab

Local Romanian flats prices stable, negative mood emerges

29 Jul | Flats and Slab

Flat steel prices in local Taiwanese market - week 30

28 Jul | Flats and Slab