SteelOrbis Shanghai
This week, the market prices of color
coated coils remained stable, while some steel mills adjusted their color
coated coil ex-factory prices.
The market demand has not increased much this week, however the supply of new products was also low; therefore, market inventories did not increase much.
Color
coated coil imports in February were 26,600 metric tons, up 2,800 metric tons month on month. Meanwhile color
coated coil exports increased 8,000 metric tons month on month to 21,400 metric tons in February. Consequently, net import of color
coated coils was 5,200 metric tons in February, down 10,400 metric tons compared with January.
This week, Shenzhen Huamei increased its color
coated coil ex-factory prices RMB 100/mt ($12), and
Angang Steel increased RMB 200/mt ($25). Currently, the market prices of color
coated coils are in a steady period. Traders hope market demand to pick up as May Day approaches.