Galvanised steel prices in the USA are heading towards their lowest level this year. The domestic market has failed to pick up as buyers continue to sit on the market sidelines during a period of economic instability. Prices in the USA have now been in a downward trend since April and continue to fall. It's not difficult to find the reason for this as the US economy grows weaker as the sovereign debt issue remains unresolved and still without the faintest solution on the horizon. MBR believes that in the coming months the US Federal Reserve will embark on round three of its quantitative easing programme. If this happens we may see an uptick in prices but as the previous two rounds show, they do not last and prices will fall, again.
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