This Week's Galvanized Steel Coil Price Advantage

Iron ore market: From July 1 to July 7, the total amount of iron ore arriving at 47 ports in China was 28.696 million tons, an increase of 2.718 million tons from the previous month; the total amount of iron ore arriving at 45 ports in China was 27.873 million tons, an increase of 3.172 million tons from the previous month; the total amount of iron ore arriving at six northern ports was 15.602 million tons, an increase of 1.461 million tons from the previous month.
With the month-on-month decline in iron ore shipments from Australia and Brazil, market expectations for iron ore have increased, but considering that the amount of iron ore arriving at ports is still increasing, and the port inventory is still under great pressure, steel mills have also begun to stop production for maintenance, and the support on the cost side has weakened relatively, which is good for the price trend of steel. There is no substantial positive news in the macro and industrial aspects of iron ore. Recently, iron ore has led the decline in the black series and continues to operate under pressure, but considering that the technical side has digested some emotions and there is an expectation of repair, it is expected that the price of ore will be raised individually this week.
Coke trend analysis: Finished product prices continue to decline, and steel mills' profits are unlikely to improve significantly. However, affected by the news of Mongolian coal, short-term coal supply may be tightened, and Coke is expected to strengthen slightly this week.
It is expected that the price of galvanized steel coils will rise steadily this week, with a range of 10-20 yuan/ton. The advantages of Jingtai Steel Coil Factory's products are thick plate color-coated steel coils and galvanized steel coils. Customers who need thick plate steel coils can contact us.