In terms of the market, last week's hot-rolled coil futures fluctuated upward, while spot market quotations remained stable. Overall, the price of galvanized coil is expected to fall by $1.4-2.8/ton in the next week.
The recent announcement of a possible price cut has brought comfort and uncertainty to the market. Economic changes, trade policies and geopolitical developments can all lead to an expected decline in galvanized steel coil prices. While lower prices may benefit buyers, it also raises questions about what is driving this change and its long-term impact.
In addition, changes in supply and demand dynamics will also have a certain impact. Factors such as price fluctuations in iron ore, coal and other important raw materials, infrastructure projects, housing development and industrial production levels may all lead to fluctuations in demand for galvanized steel coils.
The expected decline in galvanized steel coil prices For manufacturers and construction companies, lower prices can translate into cost savings and improved profit margins. This in turn may stimulate increased demand for galvanized steel coils, thereby driving increased sales and market activities.
The news reflects the dynamic nature of the steel market, and the potential factors driving this change highlight the interconnectedness of global economic, trade and industrial dynamics.
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Post time: Jun-11-2024