Research

Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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July 2009 | Galvanized Steel and Tinplate Market Tracker


Mills see sizeable price gains in July: American Market Highlights


Average US domestic prices for HDG 1mm G90 material have risen by $152/tonne to stand at $792/tonne fob, and mills are now in bullish mood with most proposing further price rises for future months delivery.

Following last month’s gains prices have continued to rise this month and by a higher than anticipated margin. Average US domestic prices for HDG 1mm G90 material have risen by $152/tonne to stand at $792/tonne fob, and mills are now in bullish mood with most proposing further price rises for future months delivery.

Looking at individual mills, US Steel has stated that it wishes to increase prices for galvanised products for October delivery by approximately $33/tonne; this will see HDG 1mm G90 material at $718/tonne fob. Nucor also issued further prices increases this month, raising flat product base prices by $66/tonne for September delivery.

...as inventories tighten...

We continue to believe that most of the justification for these prices rises...

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