Last week, SteelOrbis reported that while spot market prices for US import HDG and Galvalume coil were mostly stable, week-over-week, buyers largely felt that offshore mills wanted to get prices up.
Today, although spot market prices are still hovering in similar ranges to what was reported a week ago, sources close to SteelOrbis say they believe that deals at current price points will not be available for long.
“The mills have succeeded in pushing their lead times out, so we expect that the next round of offers is going to come in higher,” a trader source said.
Current offer prices are listed in the chart below.
| 0.012” G30 HDG coil | $/cwt | $/mt | $/nt | Weekly change | Delivery |
| South Africa / UAE/ Vietnam / Korea | $43 +/- | $948/mt | $860/nt | neutral | DDP loaded truck in US Gulf ports |
| Galvalume coil 0.019x41.5625 Gr80/AZ55 | |||||
| Vietnam / Korea | $43-$44 | $948-$970/mt | $840-$860/nt | neutral | DDP loaded truck in US Gulf ports |