US import HDG prices have continued to hold steady since our last report a week ago, with sources close to SteelOrbis noting that market conditions are “still trucking along.”
Although some have questioned whether the newly elected Democratic congress will attempt a swift move to overturn Section 232, others note that there is “not a chance in the world that they could do it with a veto-proof majority. Trump would veto any Section 232 overturn attempt the second it hits his desk and Congress won’t have enough votes to overturn Trump’s veto.”
Questions about the fate of Mexican steel continue to linger, as leaders in that country have indicated that if a new US-Mexico trade deal is to be signed, both tariffs and quotas would need to be off the table.
| 0.012”x40.875” G30 HDG coil | cwt. | metric ton | net ton | change since last week | |
| UAE | $54-$56 | $1,191-$1,235 | $1,080-$1,120 | neutral | DDP loaded truck in US Gulf ports |
| Vietnam | $52-$53 | $1,146-$1,168 | $1,040-$1,060 | neutral | DDP loaded truck in US Gulf ports |
| Mexico | $52-$53 | $1,146-$1,168 | $1,040-$1,060 | neutral | FOB Houston |
| Brazil | $50-$52 | $1,102-$1,146 | $1,000-$1,040 | neutral | DDP loaded truck in US Gulf ports |
| Galvalume coil 0.019x41.5625 Gr80/AZ55 | |||||
| Vietnam | $54-$56 | $1,191-$1,235 | $1,080-$1,120 | neutral | DDP loaded truck in US Gulf ports |
| Mexico | $54-$56 | $1,191-$1,235 | $1,080-$1,120 | neutral | FOB Houston |