During the week ending September 5, Chinese domestic hot dip galvanized (HDG) prices have continued their sideways trend of the previous week. Average HDG prices in the local Chinese market can be viewed in the SteelOrbis price reports section.
In the past week, local traders of HDG products have continued to seek orders. Market sources report that the slight decreases seen in domestic hot rolled coil (HRC) prices have impacted expectations in the HDG market, where demand has not reached the anticipated levels. On the mills' side, major steel producers such as Masteel and Benxi Steel have not updated their list prices. Currently, the consuming sectors are more inclined to purchase premium grades of HDG. In the meantime, there have not been any large volumes of new arrivals in the market. As for the short term, it is thought that Chinese domestic HDG prices may remain stable or just indicate slight fluctuations.