Price trend

Prices for galvanized steel sheets and coils across the country predominantly declined last week. Driven by a continuous drop in raw material futures, spot market prices largely followed suit, and trading volume contracted significantly. According to the SunSirs commodity market analysis system, the domestic average price for galvanized steel sheets and coils stood at 4,130.00 RMB/ton as of July 24, marking a slight week-on-week decrease of 0.48%.

Fundamentals: Downstream demand was generally sluggish last week, with a reduction in end-user purchasing. Speculative demand remained cautious, leading to reduced trading activity; consequently, even when futures prices rose, spot prices remained stable with a focus on clearing inventory, while spot prices edged down slightly when the market weakened. According to the latest data from SunSirs, the overall operating rate for galvanized sheet production last week was 88.03%, and the capacity utilization rate was 65.64% (down 1.05% from the week before last). Weekly production stood at 1.1594 million tonnes, a decrease of 18,600 tonnes from the week before last. Steel mill inventories of galvanized sheet coils totaled 666,600 tonnes (up 18,200 tonnes from the week before last), while social inventories stood at 1.5676 million tonnes (down 31,100 tonnes); total inventory was 2.2342 million tonnes (down 12,900 tonnes).

Regarding costs, major steel mills in the Shanghai region announced their settlement policies last week; the settlement price for galvanized coils upon arrival at the warehouse was 4,113 RMB/ton, down 90 RMB/ton from the previous period.

Industry Trends: Data from AVC's market monitoring of the home appliance "new retail" sector shows that in June 2026, the total monitored retail volume for major product categories stood at 1.028 million units (down 10.9% year-on-year), while total retail sales value reached 2.74 billion yuan (down 15.9% year-on-year).

Market outlook

Steel mills are currently maintaining high order costs, while market demand remains sluggish; SunSirs anticipates that prices for galvanized steel coils will likely fluctuate within a narrow range in the short term.

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