This Week's Galvanized Steel Coil Influencing Factors

Factors influencing galvanized steel coil prices this week:
1. Macroeconomic Outlook: Geopolitical tensions have eased somewhat, and the Federal Reserve's monetary policy is relatively loose. However, China-US trade relations are tense and under pressure. Domestic policies are stabilizing growth and countering internal competition. With important meetings approaching, there are certain policy expectations, and short-term sentiment is biased towards wait-and-see. 2. Supply-side: Hot metal production fell by 2,900 tons to 2.4095 million tons this week, with high-speed molten iron supporting iron ore. Production of the five major steel products fell by 63,600 tons to 8.5695 million tons. Declining production and reduced supply are supporting steel prices, but overall, high-speed molten iron prices remain under pressure. Galvanized steel coil prices fluctuated between RMB 10 and RMB 30 this week.
3. Demand-side: Total inventories of the five major steel products fell by 184,600 tons to 15.8226 million tons, while apparent demand increased by 1.3996 million tons to 8.7541 million tons. Apparent demand stopped declining and increased sharply during the week, and inventory accumulation ended and began to decline, providing some support for steel prices.