Research

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

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June 2014 | Galvanized Steel and Tinplate Market Tracker


Mills look to establish pricing floor: American Market Highlights


Domestic mills are not content with recent price falls, especially during a time when demand is picking up and when mill lead times remain somewhat extended (seven to eight weeks on average).

With imports coming in at an increasing rate to US coastal ports, and domestic integrated producers ramping up production now that the warmer weather has finally solved their raw material supply issues, US prices of hot-dipped galvanized steel (HDG) have backtracked slightly during the early weeks of June. Most spot business is currently being done at $790-$810/short ton base prices, although we have heard of some deals that are as low as $770/short ton. This compares with a base price range of $790-$830/short ton a month ago.

Domestic mills are not content with these recent price falls, especially during a time when demand is picking up and when mill lead times remain somewhat extended (seven to eight weeks on average). Indeed, most HDG producers have already opened up their August order books. But, while falling short of announcing another price increase, fearing that doing so...

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