July 2017 | Galvanized Steel and Tinplate Market Tracker
ArcelorMittal begins to talk up price increases: European Market Highlights
We had previously prognosticated that European HDG prices would eventually fall back after rising through early 2017 and remaining at relatively high levels even as prices in other parts of the world fell back
European prices of hot-dipped galvanized material (HDG) have continued to fall over the past few weeks but most of the falls may now be behind us. Import competition has recently weakened and European mills will be hoping to take advantage of some post-summer restocking over the next couple of months.
We had previously prognosticated that European HDG prices would eventually fall back after rising through early 2017 and remaining at relatively high levels even as prices in other parts of the world fell back. And after EU HDG prices fell by some 45/tonne last month, they have fallen by a further 20/tonne over the past few weeks. This brings average prices in the region down to some 615/tonne ranging from around 570/tonne in regions heavily-served by imports, such as Italy, to around 660/tonne in markets with better fundamentals, primarily in northern Europe. ...
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