This Week’s Price Forecast And Analysis Of Color-coated Steel Coils

In response to the increasing probability that the Federal Reserve will keep interest rates unchanged in March, the overall economic situation remains tense. China's imports of iron ore increased by 4.66 million tons month-on-month. As imported iron ore ships arrived at the port one after another, port inventory continued to increase. However, steel mills were affected by declining profits and their production enthusiasm dropped. Hot coil spot prices continued to decline. Steel mill's Profits are sluggish, resumption of work and production was slow in March, blast furnace operating rates dropped month-on-month, molten iron production fell for two consecutive weeks, purchases of iron ore and coke slowed, and cost-side support fell, which is negative for steel price trends. In the hot coil steel coil industry, spot prices continue to fall, steel mills' losses increase, while cost-end iron ore and bifocals fall, downstream terminal demand starts slowly, overall transactions are sluggish, inventories continue to accumulate, suppressing the market's rebound, and futures prices are volatile "Failed to meet expectations", the price of color-coated steel coils is predicted to fluctuate between US$2 and US$4 this week. Customers, please choose the time to place an order based on the order situation. If you have any needs, please contact us, we will provide high-quality products and high-quality quotations.