The Trend Of Color-coated Steel Coils Under The International Situation

This week, although overseas "tariffs" are still recurring, the market speculation sentiment has slightly weakened, but the black series has not yet emerged from the "shadow". The black chain index has further moved down along the five-day moving average. Among them, coking coal has further weakened, with the largest decline of nearly 80 points during the week. In addition, coke is stronger than iron ore, and iron ore is better than futures steel.
Overall, the macro, industrial, and financial data in the first quarter maintained a good trend, but the steel market further weakened despite the positive data. The main reason is that the market has delayed expectations for the introduction of favorable policies. Therefore, at this stage, the pricing power of the steel market has shifted to the industrial end. From a realistic point of view, iron ore and coke are relatively strong, and the cost support is acceptable. However, steel demand is sluggish, market sentiment is not good, and the industrial end lacks new driving factors, especially with the limited room for demand growth. In the short term, steel prices are still treated as weak. It is expected that the spot price of color-coated steel coils will be weak and downward this week, with a range of 0-20 yuan.