Research

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

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September 2019 | Galvanized Steel and Tinplate Market Tracker


US HDG prices ease and are likely to weaken further: American Market Highlights


There has been growing concerns that US, as well as global, economic growth has been slowing – possibly to the point that a recession is possible within the next year or so.

US HDG prices give back some of last month’s gains
Even though underlying demand remains fairly steady – at least for the time being – and imports largely remain uncompetitive, US HDG base prices slipped back down over the past month, falling to $740-750/short ton from $760/ton a month ago. While this was largely on the back of softer than expected scrap prices, which fell by $30-40/long ton in September and are widely expected to slip further in October, negative market sentiment also played a role.

There has been growing concerns that US, as well as global, economic growth has been slowing – possibly to the point that a recession is possible within the next year or so. Service centers and OEMs have also been holding back on some of their sheet buying given the recent declines in hot rolled coil prices and decidedly negative...

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