May 2011 | Coated Steels
Overheated US market cools off: American Market Highlights
HDG prices, like other flat-rolled prices, have clearly peaked and are expected to drift down through the summer.
Earlier this year, US HDG steel market were seeing an average of two major price increase announcements a month amid improving, but still somewhat lukewarm, demand. Now HDG prices, like other flat-rolled steel prices, have clearly peaked and are drifting down. Prices are expected to continue to wind down through the summer. They have already begun to do so. In the past two weeks or so, Midwest prices have fallen by an approximate $65/short ton, with West Coast prices seeing similar declines.
Mini price cycles to be the new market norm?With the fast-and-furious steel price rise being followed by an equally fast, but not so furious, cooling-off period, it has led some industry players to question whether such intense mini-cycles will be the new...
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