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

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January 2019 | Galvanized Steel and Tinplate Market Tracker


Price retreat in China and US shutdown contributes to market confusion: Global tinplate market highlights


It is reported that in January Baowu Steel offered discounts of around Rmb200 per tonne ($30 per tonne) to a wide range of customers, but far larger cuts to favoured large customers.

China – tougher for integrated producers than expected...
As expected, prices have been under pressure in China as the market saw the usual seasonal slowdown after high sales in the fourth quarter, but price falls in January, gaining extra momentum by declines in upstream prices, have been greater than we expected. As prices in spot deals tumbled, there were no official price cuts but a wide range of discounts.

It is reported that in January Baowu Steel offered discounts of around Rmb200 per tonne ($30 per tonne) to a wide range of customers, but far larger cuts to favoured large customers. The largest discounts heard were as much as Rmb600 per tonne ($89 per tonne). It is notoriously difficult to recover prices reduced under pressure by so much. In the immediate future market conditions are likely to make it especially difficult. While Baowu discounted January tinplate prices rather than announced...

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