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Free Galvanized Plain Sheet Price Trend and Forecast New York

Published date: May 3, 2023
  • Location: New York, New York, NY

During the third quarter of 2023, the Galvanized Plain Sheet prices in the US market increased, primarily due to limited inventories and the strong downstream automotive industry. After a slow start following the New Year's holiday, demand began to pick up moderately, leading to increased customer inquiries and shipments at service centers. However, buyers were hesitant to stock up on steel products, given the short lead times. The January trade was dominated by mills with larger appetites, leading to increased regional competition. As flat-rolled steelmakers increased their purchasing programs, prime-grade prices rose. The combination of tight supply, rising demand, and a surge in export markets pushed prices higher. Mills booked slightly more than they could produce, implying that deliveries might be delayed until May. Some mills reportedly postponed new bookings while more made bookings for May. Confirmed orders were safeguarded until fully shipped

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E-Mail:- sales@chemanalyst.com
websites:- https://www.chemanalyst.com/Pricing-data/galvanized-plain-sheet-1366
Contact No:- +13322586602

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