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

EU prices stay at low levels: European Market Highlights

Volumes for construction grades remain weak with plentiful availability.

In a market characterised by a lack of purchasing activity, EU coated prices have stayed flat during August. Southern European ex-works prices are holding at €630-650/tonne ex-works for Z140 1mm material with some sales reported at €620/tonne equivalent for orders from floor stock. Northern European prices have held at around €640-670/tonne for similar material. Substrate HR coil prices have barely moved over the period as well with southern Europe at €510-530/tonne ex-works and northern Europe at €530-550/tonne. These are predominantly for September rolling with lead times still at 4-6 weeks.
UK buyers content to live hand-to-mouth

In the UK, continental mills are now offering for mid-fourth quarter arrivals at around €650/tonne delivered for 1mm material with thin-gauge at around €680/tonne....


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