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

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August 2017 | Galvanized Steel and Tinplate Market Tracker


US HDG prices move up; further increases likely in coming weeks: American Market Highlights


Building upon the momentum from the June sheet price increase, a second round of hikes of at least $25/short ton (with only NLMK boosting their prices by $40/ton) announced in mid-July has already had at least partial success.

Even with the market riddled with uncertainty and with distributors continuing to be cautious not to buy any more steel than they absolutely need, US HDG prices moved up further over the past month helped along by a second and third round of mill price increases. These price hikes were floated even though the Trump administration has not yet completed its steel Section 232 investigation. But, with optimism waning that such action will be as severe as initially anticipated, import offers seem to be picking up again.

Building upon the momentum from the June sheet price increase, a second round of hikes of at least $25/short ton (with only NLMK boosting their prices by $40/ton) announced in mid-July has already had at least partial success, moving US HDG base prices up to $790-$830/ton from $780-$800/ton a month ago.

Looking to capitalize upon increased raw...

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