October 2015 | Galvanized Steel and Tinplate Market Tracker
Where HR coil goes metal coated prices follow: Latest analysis
Contrary to the trend in China, coated margins not only in the North but also Southern Europe are reviving against HR coil and at the time of writing were approximately €25/tonne higher than the average so far this year.
The key Chinese market prices have yet to find their floor and the downturn in coated prices continues to be greater than for the key benchmarks, such as HR coil and iron ore, which normally determine the direction coated prices take. Technically, margins over CR substrates remain at historical highs in China though the rather dramatic and very...
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