Research

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

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May 2019 | North American Steels


We are unsurprised to see further declines in US flat product pricing this month: Latest Analysis


As we have highlighted previously, US steel mills are struggling to maintain prices at elevated levels while holding average industry capacity utilization rates above 80%.

This month’s key North American steel forecast highlights:

We are unsurprised to see further declines in US flat product pricing this month, and expect the downward trend to continue as rapid gains in US domestic supply outpace steady demand from key end-use sectors. The supply-demand imbalance is clearly evident in pricing trends, with domestic HR prices averaging $640/ton in early May, down from an average of $678/ton in April, but trading in a...

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