Research

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

Change font size:   

April 2011 | Galvanized Steel and Tinplate Market Tracker


Domestic market is steady, for now: American Market Highlights


The US coated market appears to be at a crossroads.

After rising about 60% from mid-November to mid-February, US HDG prices have held fairly steady for the past month or so. Except for the west coast market, which has lagged the rest of the country in price increases, it appears that HDG, and other flat-rolled steel, prices have peaked. A few weeks ago there were whispers that another price increase was possible, but that has not materialised and is not likely to do so in the next few months. In fact, there have been some reports that prices are already starting to drift down. This isn’t surprising given that demand, while improving, is still not all that strong. Ferrous scrap prices have declined slightly and increases in production capacity could move HDG from its current fairly balanced state into oversupply.

The one saving grace for the mills is that service centre inventories remain fairly lean. As of the...

ACCESS RESTRICTED

You must be a paid subscriber to view the full content.
Content over 60 days old can only be accessed by subscribers.
Call +44(0)20 7779 8000 with your credit card details or subscribe online.


SUBSCRIBE


Receive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts. Plus download the latest issue as soon as it’s published.

Subscribe


Already subscribed?