US import HDG prices trend “mostly stable” week-on-week

Tuesday, 27 January 2015 11:49:23 (GMT+3)   |   San Diego
       

Prices for US import hot dipped galvanized (HDG) and Galvalume coil have trended mostly stable since our last report a week ago, although Indian mills have relaxed their Galvalume offers by approximately $1.00 cwt. ($22/mt or $20/nt) on the low end to bring them more in line with offer prices out of Korea, Taiwan and China.

Traders, however, question how much farther US import prices will come down; US prices may be eroding, they said, but import pricing for 0.012”x40.875” G30 and 0.012”x40.875” G30 still trending between $3.00-$4.50 cwt. ($66-$99/mt or $60-$90/nt) below US domestic prices.  Galvalume offers, however, could see further revision in the upcoming weeks, especially since offshore mills are offering within $1.00 cwt. ($22/mt or $20/nt) of their US counterparts, and many suspect that US mills are ready and willing to price-match futures offers for buyers who are looking to book tons.

Import HDG offers to the USCwt.Metric ton (mt)Net ton (nt)Change from last week
     
0.012”x40.875” G30    
     
China*$38.50-$40.00$849-$860$770-$800neutral
India*$39-$41$860-$904$780-$820neutral
     
0.019”x40.875” G30    
     
China*$37.50-$38.50$826-$849$750-$770neutral
India*$41-$42$860-$950$820-$860down $.25 cwt. 
     
     
Import Galvalume offers to the US    
0.019x41.5625 Gr80/AZ55    
     
China*$41-$42$860-$950$820-$860narrowed by $1.00 cwt. on the top end
India*$41.00-$43.00 $860-$950$820-$860widened by $1.00 cwt. On low end
Brazil*$40.50-$41.50$892-$914$810-830neutral 
Korea*$41.00-$43.00 $860-$950$820-$860neutral
Taiwan*$41.00-$43.00 $860-$950$820-$860neutral
Mexico$40.50-$42.00$893-$926$810-$840neutral
*DDP loaded truck in US Gulf ports    

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