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

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August 2011 | Galvanized Steel and Tinplate Market Tracker

Galvanised mills look to prop up prices despite stock market turmoil: American Market Highlights

This unified movement has at least established a floor for the prices.

Producers have been greatly impaired after prices fell by over $100/ton from June to the end of July at a time when input costs were rising. First US Steel, and then many other mills – including AK Steel, ArcelorMittal USA, California Steel Industries, NLMK Indiana, Nucor and newcomer RG Steel – announced their intention to increase prices $60 a ton in the past week or two. While the price increases were said to go into effect “immediately,” it is reported that much business continues to be transacted at pre-announcement price levels.

This unified movement has at least established a floor for the prices, which in itself is quite an accomplishment in these quite uncertain economic...


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