Research

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

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June 2016 | Galvanized Steel and Tinplate Market Tracker


Chinese price falls causing concern for Europe’s coated steel producers: European Market Highlights


But behind this quietness and relative stability lie some worrying signs for Europe’s producers of coated steels.

Following price jumps of €40/tonne in April, and then €60/tonne in May, recent weeks have been very quiet in comparison. As of writing, average prices of hot-dipped galvanized material (HDG) in Europe are up by just €5/tonne since our previous tracker. As a result, they now stand at some €525/tonne.

But behind this quietness and relative stability lie some worrying signs for Europe’s producers of coated steels.

We reported on emerging signs of falling prices elsewhere and increased import competition in last month’s tracker, and this trend has continued over recent weeks. As the source of many global price movements and of great influence in world markets, news that Chinese prices continue to slide must be of concern. Domestically they have stumbled by some €50/tonne since mid-May, while export prices are also down sharply – from around $520/tonne (fob China)...

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