Research

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

Change font size:   

August 2010 | Galvanized Steel and Tinplate Market Tracker


European mills reduce prices to secure bookings: European Market Highlights


Despite considerable efforts from European mills to lower their prices, they are stil out-priced by Turkish and Indian steel.

At the end of July, European mills reduced their prices for hot dipped galvanised steel (HDG) in order to secure bookings. We have been told that booking for HDG were made at €640-660/tonne delivered, down from offers of €650-690/tonne delivered four weeks ago. Additionally, although we have heard that smaller mills are offering material at around €610-630/tonne, we have not heard of any bookings at these levels.



It is evident that these price decreases are due to a decline in European demand. The feeling we get from HDG customers is very much one of “wait and see,” as the expectation is that prices could fall further over the next...

ACCESS RESTRICTED

You must be a paid subscriber to view the full content.
Content over 60 days old can only be accessed by subscribers.
Call +44(0)20 7779 8000 with your credit card details or subscribe online.


SUBSCRIBE


Receive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts. Plus download the latest issue as soon as it’s published.

Subscribe


Already subscribed?