Spot market prices within the US import coated steel markets has ticked up in the past seven days, ending a weeks-long trend of price stability. Sources close to SteelOrbis note that the uptick in offshore pricing has scared some, although not all, buyers to the sidelines, as many question whether domestic steel prices “will be lower than what’s being offered offshore, by the time their imported steel arrives.”
Current prices are listed in the chart below:
0.012” G30 HDG coil | $/cwt | $/mt | $/nt | Weekly change | Delivery |
South Africa / UAE/ Vietnam / Korea | $50-$53 | $1,102-$1,168 | $1,000-$1,060 | previously heard at $48 cwt. | DDP loaded truck in US Gulf ports |
Galvalume coil 0.019x41.5625 Gr80/AZ55 | |||||
Vietnam / Korea | $52-$55 | $1,146-$1,213 | $1,040-$1,100 | previously heard at $49 cwt. | DDP loaded truck in US Gulf ports |