Research

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

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December 2014 | Galvanized Steel and Tinplate Market Tracker


Attempts to stop price declines fall short: American Market Highlights


Currently most HDG business is being negotiated at about $740/short ton, $5/ton lower than our latest assessments although we have heard of certain bids being made at $720/ton or even slightly lower.

Ample, if not too strong, inventory levels and surging imports have proven to be too much to keep US HDG from continuing to fall. Metal Bulletin Research (MBR) thought that last month’s $20/short ton base price increases announced by mills both East and West of the Rockies would at least stabilize HDG, but prices crashed through any attempt to establish a floor and have since fallen back to a 17-month low with the possibility that they could drift down at least slightly more before stabilizing in the first quarter of next year.

Currently most HDG business is being negotiated at about $740/short ton, $5/ton lower than our latest assessments although we have heard of certain bids being made at $720/ton or even slightly lower and MBR believes that further discounting is possible given that service centre inventories are currently higher than many companies would like, especially at...

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