Research

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

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May 2019 | North American Steels


US flat product prices to decline through Q2 2019 and into Q3 2019: US Flat Product Highlights


The US Commerce Department also indicated the need for US steelmakers to invest in capacity, and here too, the industry has responded, with idled capacity restarted by both US Steel and JSW over the past year,

US flat product prices deteriorated through April and into May on the back of ample steel supply, primarily of domestic origin. US steelmakers have committed to holding up their end of the Section 232 agreement by maintaining average capacity utilization rates above 80%, one of the Commerce Department’s stated goals of the measure. Average US capacity utilization rates have exceeded 80% for the past seven months, and this is also against a rising capacity base.


The US Commerce Department also indicated the need for US steelmakers to invest in capacity, and here too, the industry has responded, with idled capacity restarted by both US Steel and JSW over the past year, in addition to the vast number of announcements of new pending domestic steel capacity. We understand the US Steel and JSW Steel restarts have added approximately 4m tpy of steelmaking capacity back into operation, with around a...

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