Local Chinese HDG market maintains its upward movement

Thursday, 25 May 2017 16:25:39 (GMT+3)   |   Shanghai
       

During the week ending May 25, average Chinese domestic hot dip galvanized (HDG) prices have continued to rise, while transaction activity in the overall market has remained at medium levels. Average HDG prices in the local Chinese market are presented in the following table.

During the given week, the rising trend of Chinese ferrous metal futures prices and the overall upward movement of the domestic finished steel market have contributed to the increases seen in HDG prices in China. Market sentiment has improved. Against the backdrop of ongoing environmental protection measures impacting steel production, it is thought that HDG prices in the Chinese domestic market will continue to move up in the coming week.

 

 

Product name

Spec.

Quality

City

Steel plant/origin

Price (RMB/mt)

Price ($/mt)

Weekly change (RMB/mt)

Thick galvanized coils

1.0 mm x 1,250 mm x C

SGCC

Shanghai

Angang

4,740

690

↑70

Guangzhou

Angang

4,870

709

↑70

Boxing

Angang

4,430

645

↑80

Average

-

4,680

681

↑73

Thin galvanized coils

0.5 mm x 1,000 mm x C

SGCC

Shanghai

Tangsteel

4,180

608

↑150

Guangzhou

Guofeng

4,470

651

↑120

Boxing

Fengming

4,120

600

↑130

Average

-

4,257

620

↑133

17 percent VAT is included in all prices and all prices are ex-warehouse.
 
$1 = 6.87 RMB


Similar articles

Flat steel prices in local Taiwanese market - week 13, 2024

28 Mar | Flats and Slab

Romania’s sole flats mill cuts HRC prices, raises HDG and PPGI prices

22 Mar | Flats and Slab

Flat steel prices in local Taiwanese market - week 12, 2024

21 Mar | Flats and Slab

Turkey’s coated steel export prices weaken

20 Mar | Flats and Slab

MMK reports record coated rolled product shipments to local market in 2023

19 Mar | Steel News

US HRC prices still ticking downward, prices expected to bottom this month

15 Mar | Flats and Slab

Flat steel prices in local Taiwanese market - week 11, 2024

14 Mar | Flats and Slab

CRC and coated steel prices in Turkey down slightly, discounts applicable

13 Mar | Flats and Slab

Tata Steel chooses Danieli for pickling and galvanizing line investment

12 Mar | Steel News

Baosteel keeps local HRC prices stable for April

12 Mar | Flats and Slab