US import HDG are still far more attractive than domestic offers for similar products. Similar to last week, import offers are still trending between $10-$20 cwt. ($220-$441/mt or $200-$400/nt) below domestic offers, depending on the product and the country.
Sources close to SteelOrbis believe this will continue to drive offshore orders, which in turn, will lead to additional upticks in import tonnages, and additional downward pressure on domestic pricing.
Product | $/cwt | $/mt | $/nt | last week | Delivery |
Imported 0.012” G30 HDG coil | |||||
Vietnam /Turkey | $72-$74 | $1,587-$1,631 | $1,440-$1,480 | $72-$74 | DDP loaded truck in US Gulf ports |
South Africa | $85 | $1,874 | $1,700 | $85 | DDP loaded truck in US Gulf ports |
Mexico | $82-$84 | $1,808-$1,852 | $1,640-$1,680 | $82-$84 | FOB Houston |
Imported0.019x41.5625 Gr80/AZ55 | |||||
Vietnam | $79 | $1,742 | $1,580 | $79 | DDP loaded truck in US Gulf ports |
Korea / Taiwan | $83-$85 | $1,830-$1,874 | $1,660-$1,700 | $83-$85 | DDP loaded truck in US Gulf ports |