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

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November 2014 | Galvanized Steel and Tinplate Market Tracker


US mills seek to stop HDG price slippage: American Market Highlights


California Steel Industries announced that by the end of October it had already achieved it planned capacity for production and shipment of not only HDG but hot rolled, hot rolled pickled and oiled and cold rolled sheet for November and December.

MBR believes that while US sheet mills are not likely to realize the full $20/short ton price increases that were recently announced east and west of the Mississippi River, they could successfully stop HDG prices from declining further even with scrap prices falling another $30/gross ton in November, so $45/ton since the lengthy stability which finally ended in September for key new arisings. Scrap has not been a game changer in flat-rolled products for some time, rather market fundamentals have played their part but now in October with service-centre inventories in decline and imports adjusting for the end of the year, signs of tigher conditions have returned.

HDG prices may have begun to stabilize. At $760/short ton in mid November, they have lost another $10/ton on average over the past month but have moved above a floor level earlier in November. As a result we have heard...

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