As Coke Prices Rise, Steel Coils Also Fluctuate.

On July 27th, local time, the US Secretary of Commerce announced that the US will not extend the August 1st tariff increase. He stated that the goal of the negotiations between the European Commission and the European Union is to open the EU market to US exports. The European Commission needs to reach an agreement with the US, and it also hopes to reach an agreement with the US. The question now is whether the agreement offered by the European Commission is good enough for the European Commission to abandon its 30% tariff threat. Hot-rolled coil prices are expected to remain stable this week, with color-coated coil prices fluctuating around 20-30 yuan. On July 27th, the China Coking Coal Association held a market analysis meeting, noting an overall increase in coke prices. Coking companies in some regions are expected to increase production restrictions before the September 3rd military parade. Furthermore, the expected reduction in transportation capacity due to the Chinese military parade will continue to tighten the coke supply and demand. Steel coil prices fluctuate almost daily, and significant price fluctuations are unlikely in the near future. If you have a need, please contact us and we will provide you with a price reference.