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

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July 2011 | Galvanized Steel and Tinplate Market Tracker

Prices continue to struggle: American Market Highlights

It is possible that prices have not quite bottomed out yet.

HDG producers made a strong effort between the last four to six weeks to prop up prices or at least to stop them from tumbling further down. Unfortunately, despite the seemingly unified front, these efforts were largely unsuccessful. The only solace is the feeling amongst producers that prices might be even lower than they are at present if they hadn’t made that effort at all.

As of early July, our domestic base HDG price assessment has fallen between $150-170/ton from peaks of about $985-990/ton EXW in March. It is possible they have not quite bottomed out yet, given that the industry is now in the throes of the traditional summer slowdown period. There are also a number of negative factors weighing down our price forecasts, both globally – including the European...


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