It is reported that Chinese domestic hot dipped galvanized steel sheet/coil price is still in a dull period and it has slipped further this week.

According Mysteel on Shanghai market, 1.0mm HDG by Anshan steel is being quoted at CNY 7500 per tonne, price for 0.5mm HDG by private steel makers is at CNY 7700 per tonne down by CNY 50 per tonne to CNY 70 per tonne from last week. The downward corrections are going to continue unless it could exceed CNY 7600 per tonne.

Export Quotation for 1.0mm HDG Z120 by tier two steel mills remains at USD 1160 per tonne to USD 1200 per tonne with transaction price at USD 1150 per tonne to USD 160 per tonne FOB.

(Sourced from MySteel.net)