Research

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

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June 2019 | North American Steels


US flat steel prices saw sharp drops in May: Latest Analysis


Capacity utilization rates remained above 80%, but output has started to cool, trending down for the four consecutive weeks after peaking on week ending May 11.

This month’s key North American steel forecast highlights:

As we anticipated, US flat steel prices saw sharp drops in May, with the HRC average dropping to $621 per ton, down by 8.4% month on month, while falls in CRC, HDG and plate prices slightly exceeding our forecasts. Trying to fill holes in their order books, mills were forced to lower their offers constantly through the month – first offering discounts to large volume buyers, but then making them available to...

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