US import HDG prices trend down sharply

Tuesday, 15 January 2019 02:06:14 (GMT+3)   |   San Diego
       

Pricing volatility within the US domestic HDG market has forced offshore mills into lowering their prices, as many within the US are taking a wait-and-see approach to domestic prices before turning their sights offshore.

The primary driving force for the price reductions in import 0.012”x 40.875” G30 coil, outside of happenings within the domestic market, relate to Brazil.  Brazilian mills have been extremely aggressive with their offer prices in the past eight months, since mills in that country are dealing with quotas, as opposed to the 25 percent Section 232 tariffs.

“Everyone is hungry for orders and the rest of the mills are chasing the Brazilian prices,” a trader source said.  

Galvalume offers have also shifted downward, source note, adding that prices are still higher than what domestic mills are offering.  

As with last week, year-over-year data with regard to how US HDG imports have been impacted is not available, as US government websites have been taken offline due to the government shutdown.

 

0.012”x40.875” G30 HDG coil cwt.  metric ton net ton change since last week  
           
Egypt $47.50-$50.00 $1,047-$1,102 $950-$1,000 newly heard DDP loaded truck in US Gulf ports 
Vietnam $47.50-$50.00 $1,047-$1,102 $950-$1,000 down $2.50 cwt on the bottom end, down $2.00 cwt on the top end  DDP loaded truck in US Gulf ports 
Brazil $46-$47 $1,014-$1,036 $920-$940 down $4.00 cwt. on the bottom end, down $3.00 cwt. on the top end  DDP loaded truck in US Gulf ports 
           
Galvalume coil  0.019x41.5625 Gr80/AZ55          
Vietnam  $49-$50 $1,080-$1,103 $982-$1,003 down $3.00 cwt on the bottom end, down $4.00 cwt, on the top end  DDP loaded truck in US Gulf ports 
Mexico $49-$50 $1,080-$1,103 $982-$1,003 down $3.00 cwt on the bottom end, down $4.00 cwt, on the top end  FOB Houston
US Domestic $50-$52 $1,102-$1,146 $1,000-$1,040 neutral  ex-mll

Most Recent Related Articles

Did the flat rolled price increase push HDG prices upward?

US import HDG market “sees end to downward pressure”

US flats mills announce second round of price increases in less than a month

US import HDG prices steady after last week’s downward shift

Are US HDG producers going to push out another price increase?