Introduction
The German HDG had a x.xx increase in price in the week ending August xx, xxxx, but monthly basis it was decreasing, as opposed to a x.xx decrease in the underlying HRC feedstock price. In a larger context, although 鈧瑇xx/mt in August had some decline from the peak 鈧瑇xx/mt in May, this price seems to represent a stabilizing level well below July&#xx;s HDG pricing of 鈧瑇xx/mt. Overall, this pricing development supports raw material dynamics as to galvanizing conversion costs and downstream demand.
Key Takeaways:
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German HDG prices rose x.xx week-on-week despite declining HRC feedstock costs
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x-month trend shows recovery potential with September forecasted at 鈧瑇xx/mt (+x.xx)
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Construction sector&#xx;s x.xx Hx xxxx order intake growth supporting galvanized steel consumption
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Energy-intensive galvanizing process costs remained elevated, supporting HDG margins
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Import competition limited by Carbon Border Adjustment Mechanism effects
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HDG inventory levels tightened relative to abundant HRC feedstock availability
Regional...
