During the week ending August 29, Chinese domestic hot dip galvanized (HDG) prices have been trending sideways. Average HDG prices in the local Chinese market can be viewed in the SteelOrbis price reports section.
Coming to the end of August, Chinese HDG producers are facing difficulties in collecting money from customers, and this has contributed to the lack of upward movement in prices. Meanwhile, demand and transaction activity have generally been at normal levels. At present, there is uncertainty in the domestic HDG market as regards the likely pricing policies of local mills for September. As a result, market players are starting to adopt a wait-and-see stance. It is thought that Chinese domestic HDG prices will probably continue to move on a stable trend in the coming week.