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

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June 2019 | Galvanized Steel and Tinplate Market Tracker

European prices recover as supply tightens: European Market Highlights

We mentioned back in our March issue that the import quotas for auto-grade HDG would almost certainly be exhausted during the period through to end June 2019.

As prices of coated steels elsewhere continue to fall, at last those in Europe have been able to register month-on-month gains. Any improved sentiment is being tempered, however, by the fact that prices have in fact retreated slightly since an uptick during early June.

The monthly increase amounts to some €10/tonne, with average prices of hot-dipped galvanized coil (HDG) in the region rising from €565/tonne as of publication of our previous tracker to just under €575/tonne as of writing. As mentioned, however, prices had risen by more during early June when they reached almost €580/tonne on average.

Almost all of the strengthening in prices has come in southern European markets and in our opinion that can be explained by a short-term tightening in the availability of imports.

We mentioned back in our March issue that the import quotas for auto-grade HDG would...


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