Research

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

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October 2014 | Galvanized Steel and Tinplate Market Tracker


US transaction prices are flat to up despite weaker base prices: American Market Highlights


The consolidation of the marketplace that started with the exit of RG Steel appears to be continuing and could potentially be the end of the pricing mini-cycles that have been a part of the steel – including galvanized steel – landscape ever since economic downturn.

US HDG sheet transaction prices have been holding up better than those for HRC this past month, helped by a combination of rising zinc prices, continued improvements in end-use demand and the ongoing threat of trade action.

There is no question that base prices for US HDG have eased in the past month or two, as has been the case for HRC and CR. Our sources place HDG base prices at $760-$780/short ton, compared with $780-$795/ton a month ago. These bases prices, however, have been fairly firm, without the discounting that we have heard has been taking place for HRC. We believe that the possibility that cold rolled and coated steel trade action could still be filed before the end of the year, coupled with continued consolidation moves, has given mills the confidence to hold the line on prices, at least for the time being.

The...

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