Research

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

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July 2016 | Galvanized Steel and Tinplate Market Tracker


Q3 begins with price falls but they may be temporary: European Market Highlights


As Q3 begins, European coated steel prices have indeed begun to correct and the challenge now is to determine how far such a correction might go.

At the beginning of Q2, we found ourselves discussing the large price hikes then taking place in Europe’s coated steels market but cautioned that emerging signs of rising import offers would bring the price rally to an end in due course.

As Q3 begins, European coated steel prices have indeed begun to correct and the challenge now is to determine how far such a correction might go. Some market participants think that it may already be over.

Large price falls in Italian market demonstrate continued influence of imports

Following on from last month’s slight price falls, average prices of hot-dipped galvanized material in Europe (HDG) have slipped by a further €5-10/tonne this month, to around €515/tonne. Within that average though, there are some large variations in price movements. While prices in some of the northern European markets for instance, such as Germany and the UK, have remained relatively...

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