Galvanized Steel Coil Prices Increased This Week

Factors influencing galvanized steel coil prices:
1. Macroeconomic Analysis: The Federal Reserve is highly likely to cut interest rates, and trade negotiations between China and the United States are ongoing. Judging from the domestic policy framework outlined in the 15th Five-Year Plan, macroeconomic support still needs to be strengthened, and the overall macroeconomic outlook remains stable and positive. 2. Factory Supply: Hot metal production fell by 10,500 tons to 2.399 million tons; production of the five major steel products increased by 83,700 tons to 8.6532 million tons, but overall inventories declined, the supply and demand structure improved, and industry pressures eased slightly. This week, galvanized steel coil prices rose by RMB 10-30. 3. Domestic Demand: Total inventories of the five major steel products fell by 274,100 tons to 15.5485 million tons, while apparent demand increased by 173,200 tons to 8.9273 million tons. Apparent demand continued to increase during the week, providing some support for steel prices.