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

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June 2013 | Galvanized Steel and Tinplate Market Tracker


Prices continue to fall across variety of products: European Market Highlights


The automotive sector is key for Europe’s coated steels sector, with some 50-60% of the region’s HDG heading there.

Since the start of March, it seems as though every passing week has brought with it a further €5/tonne price cut for coated steels in Europe. This has been the case again this month, with base prices for hot-dipped galvanized (HDG) falling by an average of €20/tonne across Europe since the middle of May to levels of €500/tonne in southern European markets and just shy of €550/tonne in northern Europe. Prices in Turkey have also come under pressure, with 0.5mm HDG falling by about $30/tonne since last month to $795/tonne (€594/tonne). One relatively bright spot is in the pre-painted steel (PPGI) market, with prices for 0.5mm material in Turkey slipping by only $10/tonne since mid-May to $925/tonne (€691/tonne). The construction market, to which this product is more heavily exposed, has held up relatively well in Turkey and other markets nearby such as Russia....

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