US import HDG and Galvalume offer prices are still trending strong, sources note, adding that higher-prices are expected to stick around in the upcoming weeks. As with last week, higher offshore prices are attributed to healthy demand and higher global input costs.
Also, of note, is that year-over-year pricing is up substantially, as evidenced in the chart below.
Trader sources have said that while some customers are concerned about booking offshore, out of fear that domestic prices will be lower by the time their steel arrives, others are “more than willing to take the gamble,” as US domestic prices are continuing to rise.
| 0.012” G30 HDG coil | $/cwt | $/mt | $/nt | delivery timeline | Delivery |
| UAE | $68-$70 | $1,499- $1,543 | $1,360-$1,400 | October arrival | DDP loaded truck in US Gulf ports |
| South Africa | $72-$73 | $1,587-$1,609 | $1,440-$1,460 | July | DDP loaded truck in US Gulf ports |
| March 2020, South Africa / UAE | $48-$50 | $1,058-$1,102 | $960-$1,000 | n/a | DDP loaded truck in US Gulf ports |
| Galvalume coil 26ga Gr80/AZ55 | |||||
| Vietnam | $78-$79 | $1,720-$1,742 | $1,560-$1,580 | August delivery | DDP loaded truck in US Gulf ports |
| March 2020, Mexico, Brazil, Korea | $49-$50 | $1,080-$1,102 | $980-$1,000 | N/A | FOB Houston / DDP loaded truck in US Gulf ports |