Galvalume Steel Price Forecast For Tomorrow

As the US inflation problem continued and bank interest rates rose, the US dollar index strengthened, causing the RMB exchange rate to break through "7" for the first time this year. At the same time, under the impact of the external environment, the economic data in April fell short of expectations, the economic recovery was slow, and capital investment was expected to decline. At the same time, the eighth round of coke lifting and lowering has been fully implemented, cost support has weakened, steel enterprises' profits have rebounded, and production enthusiasm has increased. Key steel enterprises continue to maintain an average daily crude steel output of more than 3 million tons, and supply pressure is still high. As the weather is getting hotter and the construction progress of the downstream terminal is limited, we will focus on the intensity and implementation of the steel plant control policy in the later stage of production reduction. It is expected that the price of Galvalume Steel will be stable and weak tomorrow.