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

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January 2020 | Galvanized Steel and Tinplate Market Tracker


US HDG prices continue to rise but could be getting close to their peak: American Market Highlights


Including the latest $40/ton price hike, announced by Nucor on Jan. 8 and quickly followed by ArcelorMittal USA and NLMK USA, US mills have raised their asking prices by $190/ton in total, of which we estimate that somewhere between $130/ton and $140/ton has already been collected, helped by a combination of factors.

Domestic mill pricing discipline seems to be paying off
US HDG mills have exhibited strong pricing discipline over the past several months, enabling them to obtain somewhere between two-thirds and three-quarters of the five back-to-back sheet price increases that they have announced since late October. As of mid-January, spot US HDG prices had risen to $770-800/short ton. We believe that there is some potential for prices to edge slightly higher.

Including the latest $40/ton price hike, announced by Nucor on Jan. 8 and quickly followed by ArcelorMittal USA and NLMK USA, US mills have raised their asking prices by $190/ton in total, of which we estimate that somewhere between $130/ton and $140/ton has already been collected, helped by a combination of factors. These include rising scrap prices and some planned and unplanned production outages. In addition to planned maintenance outages, a basic oxygen furnace at ArcelorMittal’s Indiana Harbor East...

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