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

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September 2019 | Galvanized Steel and Tinplate Market Tracker

Might tightening supply help to stop price erosion?: European Market Highlights

Spot market prices have, as we expected might be the case last month, continued to suffer further small cuts.

August is often a difficult month for Europe’s steelmakers, with many market participants heading off on extended vacations and little business being conducted as a result. For the most part, activity then tends to pick up in September and beyond, with the fourth quarter of the year often bringing about a degree of renewal as stock levels are built up and negotiations begin on contract prices for the following year.

It is with these dynamics in mind that Europe’s steelmakers typically look to increase prices on their products in advance of Q4. And that has indeed been the case in recent weeks. We understand that a number of steelmakers, led by the region’s largest, ArcelorMittal, have sought to bolster delivered prices in October and through Q4 by some €30/tonne. The move, announced during late August, has so far failed to gain any traction, however. ...


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