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

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February 2014 | Galvanized Steel and Tinplate Market Tracker

US HDG prices slip slightly: American Market Highlights

The largest negative influence upon the US HDG market right now appears to be the increase of imported steel.

Despite continued steady, and even slightly growing, end-use demand, base prices for US hot-dipped galvanized (HDG) steel sheet drifted down over the past month or so to $740-$790/short ton, from $790-$810/short ton last month. This has been due to a variety of factors including the beginning of the long-anticipated surge in imports and the impact of the extremely cold and snowy winter upon the manufacturing sector – especially in the usually temperate southeast. Ferrous scrap prices are also weaker than expected this month, which is having a dampening effect.

While there is some potential for further price sliding, we doubt that it will be substantial given that most end use markets for HDG continue to improve and are likely to show even greater rates of growth once the current harsh winter conditions end.

All eyes are on imports

The largest negative influence upon the US HDG...


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