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

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April 2019 | Galvanized Steel and Tinplate Market Tracker

US galvanized proves to be more resilient than other sheet products: American Market Highlights

Prices have been supported by certain supply disruptions, most notably an unplanned outage at the No. 1 blast furnace at US Steel’s Edgar Thomson plant – part of its Mon Valley Works – but also due to continued weather-related logistics issues.

US HDG prices seen at or close to peak levels
US HDG spot base prices continued to move upwards over the past month to $850/short ton, up from $830-840/ton last month, coming at a time when other domestic sheet prices were flat to down and when scrap prices declined $20-25/long ton. Even though some service centers have reported a slight increase in order activity over the past week or two, we believe that the current HDG price, which represents an acceptance of about half of the latest $40/ton price hike announced by domestic mills, will prove to be sustained for at least the next few months. Prices are unlikely to move up any further unless there is a bump up in end-use demand, which, at least at this point, is not expected – at least not beyond the usual seasonal pickup in construction and construction-related activity.


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