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

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August 2019 | Galvanized Steel and Tinplate Market Tracker

Prices edge down once more: European Market Highlights

With regards coated steels, prices of hot-dipped galvanized coil (HDG) are now at an average of just above €550/tonne, a level that we mentioned that they may eventually achieve back in that November 2018 issue.

Back in the November issue of our tracker last year we highlighted the malaise that was emerging in Europe’s economy although hypothesized that it may only be a temporary effect of new regulations within the region’s automotive industry.

That temporary blip has turned into something more prolonged, with Europe’s central bank once again discussing stimulus measures for the region’s economy. While consumer demand within the bloc has held up well, boosted by falling unemployment rates and a slight pick-up in take-home pay for most workers, business investment has stalled amid a backdrop of wider macroeconomic uncertainty, caused above all by worsening trade relations. The steel and most steel-consuming industries continue to struggle, with prices inching down yet again in recent weeks.

With regards coated steels, prices of hot-dipped galvanized coil (HDG) are now at an average of...


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