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

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August 2019 | Galvanized Steel and Tinplate Market Tracker


Further upward price momentum seen for US HDG prices: American Market Highlights


It is widely believed that, even though there has been some slowing of US manufacturing growth in recent months and there are growing concerns about the impact of trade issues upon overall US economic growth and both consumer and business confidence, US HDG prices will continue to move upwards.

US HDG prices could continue to move upwards
While underlying end use demand growth has remained somewhat sluggish, spot base prices for US HDG have jumped up 5.7% to $760/short ton from $700/ton a month ago, supported by rising scrap prices, largely non-competitive import offers and a renewed willingness of distributors to get back into a modest restocking mode. This comes on the back of another spot base price hike led by ArcelorMittal USA, which increased its HDG minimum base price to $800/ton. That move was quickly followed by several major mills east and west of the Mississippi, which increased their HDG prices by $40/ton for the third time since late June, at which time spot base prices bottomed out at $680/ton.

It is widely believed that, even though there has been some slowing of US manufacturing growth in recent months and there are...

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