SteelOrbis Shanghai
Color
coated coil market prices which were affected from strong increases in ex-factory price increases in the previous weeks saw around RMB 10/mt ($1) correction last week, also with the impact of increased color
coated coil imports in March.
Especially the latest ex-factory price increase of
Baosteel was too high; therefore, the demand for
Baosteel's products went down. Consequently, the market price of
Baosteel's color
coated coils began to drop slowly, which was followed by decreases for the prices of other mills' products.
Meanwhile, Handan Steel increased its ex-factory price of color
coated coils last week by RMB 600/mt ($75). Compared to
galvanized coils, overall market prices of color
coated coils were steadier and did not fluctuate strongly.
According to the latest statistics,
China's March imports of color
coated coils were 35,300 metric tons, up 8,700 metric tons from February, while the exports were 25,200 metric tons, up 3,800 metric tons. So, the net import of color
coated coils was 10,100 metric tons in March, up 4,900 metric tons month on month.
Color
coated coil prices may increase slightly after the one week long May Day holiday which began today.