Factors Affecting Galvanized Steel Prices in US-China Negotiations

Factors Affecting Galvanized Steel Prices from US-China Trade Negotiations:
* Macroeconomic Factors: With the US-China trade negotiations coming to an end, market expectations are bearish, and the steel market is returning to supply and demand fundamentals. Attention should be paid to subsequent macroeconomic developments.
* Supply Side: This week, pig iron production decreased by 35,400 tons to 2,363,600 tons; production of the five major steel products increased by 99,700 tons to 8,752,900 tons, but overall inventory decreased, improving the supply and demand structure and reducing industry pressure. Galvanized steel coil prices fluctuated by $5 this week.
* Demand Side: Total inventory of the five major steel products decreased by 411,100 tons to 15,137,600 tons, while apparent demand increased by 236,900 tons to 9,164,000 tons. Apparent demand continued to increase, easing fundamental pressure. If you have any needs, please contact us.