September 2017 | Galvanized Steel and Tinplate Market Tracker
Import offers remain relatively uncompetitive: European Market Highlights
Rising input costs and reduced import competition are both helping to play a part in driving prices higher at the moment.
As anticipated in recent trackers, Europes post-summer season has begun with steel prices on the increase. From levels of 610-640/tonne during mid-August, prices of hot-dipped galvanized material (HDG) have increased to a range of 630-660/tonne within Europe, as of writing.
Rising input costs and reduced import competition are both helping to play a part in driving prices higher at the moment. MBR understands that further price increases may be forthcoming as well, with market leader ArcelorMittal thought to be planning a 30-40/tonne hike beginning October 1.
In the short term, which we indicate as the next 4-6 weeks, there is unlikely to be little choice for buyers but to pay higher prices. Above all, buyers have fewer options from where to source material. Indeed, with European buyers having to turn increasingly to European producers, lead times in the region have increased notably...
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