What’s in store for US HDG prices?

Monday, 06 November 2017 00:39:07 (GMT+3)   |   San Diego
       

The most commonly heard spot market offers for base-price US domestic hot dipped galvanized (HDG) may be stable week-over-week, but sources close to SteelOrbis report rumors that mills may try to push out another price increase before the end of the month.

Other sources, however, say a second increase would be premature, as US scrap prices did not move up significantly during this month’s buy cycle.

On Friday, SteelOrbis reported that scrap the Ohio valley traded at strong-sideways; scrap on the East coast traded at sideways.

“We’re getting to that point in the year where deals are being made,” a source said. “I think if mills try to raise prices again before the end of the year, the increase will be met with a lot of resistance because scrap stayed sideways and lead times aren’t jumping out.”

  Cwt. Metric Ton (mt) Net ton (nt) Change from last week
US domestic HDG base price $37.00-$39.50 $816-$871 $740-$790 neutral
         
0.012”x40.875” G30        
ex-Midwest mill $45.50-$47.50 $1003-$1047 $910-$950 neutral
         
0.019”x48” G90        
ex-Midwest mill $45.50-$47.50 $1003-$1047 $910-$950 neutral
         
US domestic Galvalume base price        
ex-Midwest mill $37.00-$39.50 $816-$871 $740-$790 neutral
         
0.019x41.5625 Gr80/AZ55        
ex-Midwest mill $45.50-$47.50 $1003-$1047 $910-$950 neutral

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