Industry News

In January, the price of galvanized coil remained up, and the cost side and market expectations supported the price.

Although the demand for color coated sheet rolls decreased in January, the high cost supported the color coated price, and the market was stronger than expected. Therefore, color coated sheet roll price continued to increase in January.

FOB price of DX51D+Z40 hot-dip galvanized steel coil was 716 dollars/ton, up 6 USD/ton on a month on month basis.

In December, the steel price rose by 30 dollars/ton and the galvanized sheet coil was in the rising stage as a whole. Once the futures price continued to rise, the galvanized sheet coil price rose immediately.

In terms of supply: on the supply side, the closer to the Spring Festival, the stronger the expectation of production reduction. In terms of demand: after the adjustment of epidemic prevention and control, some of the suppressed demand has been released one after another, and there is room for growt......

According to the feedback from Chinese exporters, the export price of cold plate products has risen due to the exchange rate, and the export orders for ordinary cold coils and low-zinc hot-dip galvanized products have increased.