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

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November 2019 | North American Steels


Developments in the US flat steel market in October were close to our expectations: Latest Analysis


October developments were similar to what we saw in June, when buyers were reluctant to commit to deals amid the ongoing price downtrend, and the ‘buyers strike’ forced mills who still needed to fill their order books to offer further discounts.

This month’s key North American steel forecast highlights:

Developments in the US flat steel market in October were close to our expectations, with a downtrend across all major product categories. The US HRC index fell by 11.7% month on month (against forecast 10.2%). Declines in CRC and HDG prices were smaller, 5.9% and 6.0% respectively. October developments were similar to what we saw in June, when buyers were reluctant to commit to deals amid the ongoing price downtrend, and the ‘buyers strike’ forced...

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