During the week ending May 30, hot dip galvanized (HDG) prices in the Chinese domestic market have continued to decline. Average HDG prices in the local Chinese market can be viewed in the SteelOrbis price reports section.
Amid plentiful new arrivals from private sector steel mills, China's domestic HDG market is under pressure from high inventory. During the past week, traders have still been eager to sell off stock materials. At the same time, the weakness of downstream demand prevents any upturn in the market. In actual transactions, a variety of prices has been observed. As regards the coming week, it is expected that HDG prices in the local Chinese market will continue to drop down.