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

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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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