BBN steel galvanizing steel coil price will be risen in December

Today (December 11), the galvanizing steel resources in Tianjin area increased by 40-90 yuan, and the current mainstream resources in the galvanizing market are quoted at 5300-5550 yuan/ton. According to feedback from traders, the resources for the galvanizing 1.0 specification in the Tianjin market are still in short supply, and prices have risen again. Traders are afraid of high current prices, and terminal merchants basically purchase on demand. The overall transaction is relatively light, with some traders shipping about 600 tons today.
 
Today, the price of galvanizing steel coil in Zhengzhou has risen by 50-60 yuan, and the current mainstream resources in the galvanizing market are quoted at 6010-6020 yuan/ton. The social inventory of galvanized coils in Zhengzhou is at a low level, and merchants offer higher prices. Market transactions have slowed down, and high-level resources have weakened particularly.
 
In terms of steel mills, BBN steel announced a futures price policy for January next year. The base price of galvanized steel sheet and coil will be risen by 500 yuan/ton, and the base price of color-coated sheet is raised by 400 yuan/ton, an increase that exceeded expectations. On the whole, it is expected that the domestic coating prices may fluctuate at a high level in recent days.