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 €xxx/mt in August had some decline from the peak €xxx/mt in May, this price seems to represent a stabilizing level well below July&#xx;s HDG pricing of €xxx/mt. Overall, this pricing development supports raw material dynamics as to galvanizing conversion costs and downstream demand.
Key Takeaways:
-
German HDG prices rose x.xx week-on-week despite declining HRC feedstock costs
-
x-month trend shows recovery potential with September forecasted at €xxx/mt (+x.xx)
-
Construction sector&#xx;s x.xx Hx xxxx 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...
