Last week SteelOrbis predicted that US import hot dipped galvanized (HDG) and Galvalume coil prices would soon revise upward due to recent price trends in the global marketplace.
Today, most commonly heard spot pricing for US import hot dipped galvanized (HDG) and Galvalume coil reflects week-over-week firming, with traders estimating that current pricing is “about $2.50 cwt. ($55/mt or $50/nt) higher that last week’s offers.”
Another trader source said that several offers he received from offshore mills last week “were all pulled,” and that “it’s hard to pinpoint what the exact price is today because the mills are evaluating their input costs daily.”
This week’s pricing for imported 0.012”x40.875” G30 hot dipped galvanized (HDG) coil, imported 0.019x41.5625 Gr80/AZ55 Galvalume coil in the US domestic market, and imported 0.012”x40.875” G30 hot dipped galvanized (HDG) coil in the US domestic market are listed in the below chart.
0.012”x40.875” G30 HDG coil | cwt. | metric ton | net ton | ||
UAE | $48.50-$50.50 | $1069-$1113 | $970-$1010 | DDP loaded truck in US Gulf coast ports | up $2.50 cwt. |
Turkey / India | $48.50-$50.50 | $1069-$1113 | $970-$1010 | DDP loaded truck in US Gulf coast ports | up $2.50 cwt. |
0.019x41.5625 Gr80/AZ55 Galvalume | |||||
Brazil | $49.50-$51.50 | $1091-$1135 | $990-$1030 | DDP loaded truck in US Gulf coast ports | up $2.50 cwt. |
Vietnam | $49.50-$51.50 | $1091-$1135 | $990-$1030 | DDP loaded truck in US Gulf coast ports | up $2.50 cwt. |
Korea | $49.50-$51.50 | $1091-$1135 | $990-$1030 | DDP loaded truck in US Gulf coast ports | up $2.50 cwt. |