June 2015 | Galvanized Steel and Tinplate Market Tracker
US HDG prices continue to edge upwards: American Market Highlights
Already the first $20/ton hike, led by ArcelorMittal and followed by most of the major mills both east and west of the Rockies, has fully stuck, propping up base prices to $590-$600/ton compared with $570-$580 just a month ago
Given current market fundamentals, MBR cannot see any reason why the recently-announced $20/short ton US HDG base price increase wont eventually be fully accepted by the marketplace and why US mills wont follow this price hike with attempts for several additional price increases later this year.
Already the first $20/ton hike, led by ArcelorMittal and followed by most of the major mills both east and west of the Rockies, has fully stuck, propping up base prices to $590-$600/ton compared with $570-$580 just a month ago. This was largely the case even before Nucor put forth yet another price hike last week on the tails of a $30/gross ton increase in ferrous scrap prices as well as the long awaited filing of trade action on corrosion resistant steel sheet products (including HDG) from China, India, Italy, South Korea and Taiwan. This also comes as North American...
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