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

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July 2014 | Galvanized Steel and Tinplate Market Tracker


US HDG prices stabilize, could rise: American Market Highlights


HDG prices have not only stopped falling further, but we have heard that the low end of the trading range has been inching up slightly and could come up even further in coming weeks.

A combination of the stated minimum base price by ArcelorMittal early last month and a $25/short ton base price hike announcement by US Steel at the end of the month seems to have successfully put a pricing floor under US hot-dipped galvanized (HDG) prices even though to date none of the other major sheet mills have formally supported this leading move.

While current domestic HDG base prices are largely trading between $770 and $800/short ton – with some large volume deals being done as low as $760/ton – down from $790-$810/ton a month ago, HDG prices have not only stopped falling further, but we have heard that the low end of the trading range has been inching up slightly and could come up even further in coming weeks.

Early indications that domestic ferrous scrap will be settled at modestly higher prices – up somewhere between...

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