The price gap between cold rolled products and galvanized products has begun to return to normal in line with the ongoing price decrease in the domestic CRC market. However, at the same time the CRC price trend may also influence the trend of galvanized products.
The profit margin for HDG spot materials is narrow, and some traders are still willing to wait for prices to increase. Nevertheless, softened demand and weak activity have forced many traders to seek to accelerate their shipments. It is expected that that the HDG market in China will continue to trend down in the short term.