November 2016 | Galvanized Steel and Tinplate Market Tracker
Lack of competitive import offers emboldens European producers: European Market Highlights
Europe’s largest producer of galvanized steels, ArcelorMittal, is certainly hopeful of further price increases over the coming weeks.
With the reduction in import competition continuing this month in Europes galvanized steel markets, European producers have been able to push through some further price increases.
That reduced import competition has played a big part in helping European prices to strengthen as of late is demonstrated by the fact that most price increases are being seen in those EU markets more widely exposed to imports, particularly Italy. Here, prices on hot-dipped galvanized material (HDG) have risen from 500/tonne at the beginning of October to some 550/tonne as of writing. The highest prices currently being seen in Europe, typically in northern European markets such as Germany and some Scandinavian countries, have risen at a slower pace during the same time period, from around 580/tonne to 600/tonne as of writing.
Yet even among these parts of Europe, prices may begin to tick...
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