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Chinese galvanized steel market backs to recovery

Chinese galvanized steel market price has rebounded in last week and transaction activity has also -improved further. However, galvanized steel mills will not eager to lower their prices with immediately shipments. Most of mills expects to wait once the market demand has improved.
According to the market situation, Chinese galvanized industries will concern about the downstream manufactures of home appliances changed. Especially the galvanized price increases which will lead the demand declines and as well as inventory level increases.
Market participants point out that the market continues to rebound in the short term, but the fundam-entals are unchanged.


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