Introduction
The German HDG had a *.** increase in price in the week ending August **, ****, but monthly basis it was decreasing, as opposed to a *.** decrease in the underlying HRC feedstock price. In a larger context, although 鈧�***/mt in August had some decline from the peak 鈧�***/mt in May, this price seems to represent a stabilizing level well below July&#**;s HDG pricing of 鈧�***/mt. Overall, this pricing development supports raw material dynamics as to galvanizing conversion costs and downstream demand.
Key Takeaways:
-
German HDG prices rose *.** week-on-week despite declining HRC feedstock costs
-
*-month trend shows recovery potential with September forecasted at 鈧�***/mt (+*.**)
-
Construction sector&#**;s *.** H* **** order intake growth supporting galvanized steel consumption
-
Energy-intensive galvanizing process costs remained elevated, supporting HDG margins
-
Import competition limited by Carbon Border Adjustment Mechanism effects
-
HDG inventory levels tightened relative to abundant HRC feedstock availability
Regional...
Leave a Comment
Comments (0)