Research

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

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May 2019 | Galvanized Steel and Tinplate Market Tracker


US HDG prices slip on back of inventory correction: American Market Highlights


US spot base prices have moved down by approximately $50/short ton over the past month to $800-810/ton.

US HDG prices fall from peak and are likely to slip further
It was inevitable that US HDG prices would eventually follow other sheet prices down, especially with service centers working down their inventories after they had inched up during the first quarter. That buildup was partly due to a slower than anticipated pickup in construction activity given the colder and wetter than expected weather conditions and scrap prices plummeting in May. Also, with mill lead times moving in a few weeks over the past month to about five to seven weeks, distributors saw no real downside to living somewhat hand to mouth, especially after HDG prices started to ease.

Already US spot base prices have moved down by approximately $50/short ton over the past month to $800-810/ton and they are widely expected to fall at least another $50/ton over the next two to three months and possibly even more...

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