Prices for US import hot dipped galvanized (HDG) and Galvalume coil have trended mostly stable since our last report a week ago, although Indian mills have relaxed their Galvalume offers by approximately $1.00 cwt. ($22/mt or $20/nt) on the low end to bring them more in line with offer prices out of Korea, Taiwan and China.
Traders, however, question how much farther US import prices will come down; US prices may be eroding, they said, but import pricing for 0.012”x40.875” G30 and 0.012”x40.875” G30 still trending between $3.00-$4.50 cwt. ($66-$99/mt or $60-$90/nt) below US domestic prices. Galvalume offers, however, could see further revision in the upcoming weeks, especially since offshore mills are offering within $1.00 cwt. ($22/mt or $20/nt) of their US counterparts, and many suspect that US mills are ready and willing to price-match futures offers for buyers who are looking to book tons.
| Import HDG offers to the US | Cwt. | Metric ton (mt) | Net ton (nt) | Change from last week |
| 0.012”x40.875” G30 | ||||
| China* | $38.50-$40.00 | $849-$860 | $770-$800 | neutral |
| India* | $39-$41 | $860-$904 | $780-$820 | neutral |
| 0.019”x40.875” G30 | ||||
| China* | $37.50-$38.50 | $826-$849 | $750-$770 | neutral |
| India* | $41-$42 | $860-$950 | $820-$860 | down $.25 cwt. |
| Import Galvalume offers to the US | ||||
| 0.019x41.5625 Gr80/AZ55 | ||||
| China* | $41-$42 | $860-$950 | $820-$860 | narrowed by $1.00 cwt. on the top end |
| India* | $41.00-$43.00 | $860-$950 | $820-$860 | widened by $1.00 cwt. On low end |
| Brazil* | $40.50-$41.50 | $892-$914 | $810-830 | neutral |
| Korea* | $41.00-$43.00 | $860-$950 | $820-$860 | neutral |
| Taiwan* | $41.00-$43.00 | $860-$950 | $820-$860 | neutral |
| Mexico | $40.50-$42.00 | $893-$926 | $810-$840 | neutral |
| *DDP loaded truck in US Gulf ports |