Sources close to SteelOrbis say that while the “average” spot market price for US domestic HDG coil are still trending in the below stated range, “big buyers” say they’re getting deals up to $2.00 cwt. ($44/mt or $40/nt) below that.
“The guys who are out to buy a truckload or two might be paying that, but we’re certainly not,” a source said. “I think at this point the domestic mills are going to try to ride higher prices out as long as they can in hopes of keeping prices up into the start of contract season.”
Most within the marketplace believe that today’s prices are only temporary, and that cracks in the spot market are likely to start to emerge in mid to late-September.
Current US HDG spot market prices are listed in the chart below.
| Product | $/cwt | $/mt | $/nt | Delivery | Weekly change |
| US domestic HDG base price | $37-$38 | $816-$838 | $740-$760 | ex-mill | neutral with deals |
| US domestic Galvalume base price | $37-$38 | $816-$838 | $740-$760 | ex-mill | neutral with deals |
| 0.019x41.5625 Gr80/AZ55 | $47-$48 | $1,036-$1,058 | $940-$960 | ex-mill | neutral with deals |