Galvanized steel coil prices market conditions: The iron and steel factory continues to limit the production and the market demand becomes weak. So the galvanized steel coil prices will decrease.
On 20th December, the price of raw materials were mixed. And the price of billets, cokes and steel scraps keeps stable, and sometimes it decreases. But the price of pigs keeps increase.
The finished products’ market continues to be weak, and the buyers of downstream are very cautious. So the trading volume of billets is bad. At the end of a year, a lot of firms spent the energy in recouping funds. Besides, the high price makes the storage demand in winter decrease. It estimates that the price of billets keep weak in the short term.
On the 20th December, the price of domestic and imported ores keep stable. The ores traded deserted northern port, and the demand continues obscene. But the operating rates of domestic market is low, so the price of offer is strong.
On the 20th December, the price of steel scraps is stable with a slight decline. Due to the heavy haze pollution, the factories continues to limit production, and the steel factories purchases less steel scraps. And some steel factories declines the price which makes the spot goods’ price renovate in steadiness. In the short period, most manufactures buy materials as needed. Due to the mixed factors, the market will keep stable and the manufactures will wait and see.
On the 20th December, the domestic pig iron market will keep stable and rebound. Many iron and steel factories has halted production in Shanxi and Shandong, and the resources become tense. So, the support price continues to rise. But the demand of downstreams and shipments are very low. And the suppliers hold the wait and see attitude. So, it estimates that the price of pigs is stable.
On the 20th December, the price of cokes declines slightly. Due to the heavy haze pollution in Hebei and Shanxi, the factories continue to limit production. The main iron and steel factories declines price in the short term, which makes the coke’s price decrease. So it estimates that the price of cokes will keep stable with a slight decline