The Price Of Galvanized Steel Coils Is Not Expected To Fluctuate Significantly in The Near Future.

The US September PE price index rose less than expected, helping to maintain expectations of an interest rate cut. The White House released a new National Security Strategy, the US and China held a video conference on trade relations, Macron visited China, and the India-Russia talks indicate a shift in the geopolitical landscape; galvanized steel coil prices are predicted to fluctuate between $2 and $4 this week. Affected by factors such as raw material coking coal and iron ore prices, market bullish sentiment has weakened and needs to be corrected downwards. Given the prevailing weak market reality, steel industry professionals need to remain rational and avoid blind trading. Total iron ore shipments from Australia and Brazil reached 27.658 million tons, an increase of 1.284 million tons week-on-week; total arrivals at 45 Chinese ports reached 26.993 million tons, a decrease of 1.178 million tons week-on-week; average daily pig iron production fell to 2.323 million tons, a decrease of more than 20,000 tons week-on-week; spot and futures prices declined simultaneously; please continue to monitor steel coil prices. Jingtai factory mainly produces PPGI, PPGL, GL, and GI. Please contact us if you have any needs.