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

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August 2013 | Galvanized Steel and Tinplate Market Tracker


Summer stability continues, price falls halted: European Market Highlights


Given what appears to be rising demand and supply cutbacks, are prices in Spain and wider Europe now destined to rise?

As with July, August is a traditionally quiet month in the European steel markets. Nevertheless, a degree of change is noticeable this month in the form of pricing movements, with prices on the whole remaining stable. Base prices for hot-dipped galvanized (HDG) remain at around €490/tonne in southern Europe and €540/tonne in northern Europe, as per our assessments last month. That stability is being described as change is perhaps a bit confusing but certainly welcome for Europe’s coated steels producers who have been suffering price falls for each of the past four months. As explained last month, a degree of optimism is warranted in the European coated steels markets – prices elsewhere in the world have risen and are now at a substantial premium to European material and capacity shutdowns and production cutbacks have also begun to restrict supply. Producers elsewhere in Europe have already been able to take advantage,...

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