Latest Updates on Color-Coated Steel Coil Market

Latest News on Color-Coated Steel Coil

Market Dynamics

1. Price Trends

   According to the market review from November 1st to November 8th, 2024, the color-coated steel coil market in China remained stable, but market transactions remained at low levels. The average price of 0.476mm color-coated steel coil in major cities across the country remained unchanged, with an average price of 5,305 yuan/ton. Market declines ranged from 50 to 100 yuan/ton. In the Chengdu market, on November 13th, 2024, the price trend of color-coated steel coil also remained stable, but overall market transactions were not ideal, possibly indicating relatively weak demand or adjustments in steel enterprise supply strategies.

   From the raw material perspective, raw material prices fell slightly last week (referring to the week from November 1st to November 8th, 2024), but the overall cost side still provided support. This may have an impact on the price trend of color-coated steel coil.

2. Supply and Demand

   On the supply side, the operating rate of color-coated steel coil production increased slightly last week, and supply remained at a relatively high level. However, market transactions decreased compared to the previous period, resulting in slower inventory reduction. This reflects a relatively stable supply and demand relationship in the current color-coated steel coil market, but overall transactions were not robust.

   In the Chengdu market, the supply of color-coated steel coil was relatively adequate, but demand may have been relatively weak. This led to poor overall market transactions, and although prices remained stable, there was a lack of upward momentum.

Import and Export Situation

According to customs statistics, from January to September 2024, China imported 129,000 tons of color-coated steel coil, an increase of 12.7% year-on-year; exports reached 6,075,000 tons, an increase of 23.8% year-on-year. Among them, imports and exports of color-coated steel coil from South Korea totaled 68,000 tons, accounting for 52.7% of total imports, ranking first. Thailand, the Philippines, and Turkey ranked among the top three in terms of China's color-coated steel coil exports, with volumes of 613,000 tons, 465,000 tons, and 295,000 tons, respectively. These figures indicate that China's color-coated steel coil exports have shown strong growth momentum.

Corporate Dynamics

1. SHANDONG BOMIS Color-Coated Products

   SHANDONG BOMIS's color-coated coil products performed outstandingly in 2023. The company closely followed market demand and developed a series of mid-to-high-end color-coated products,  which are widely used in multiple fields. The success of these products is attributed to SHANDONG BOMIS's strong platform support, comprehensive production line layout, superior product quality, and continuous technological innovation.

2. Capacity Building

   SHANDONG BOMIS‘s new hot-dip galvanized zinc-aluminum-magnesium plate (coil) production line is in the process of constructing. This production line will provide it with color-coated substrates with higher corrosion resistance and longer service life, further enriching its product line and enhancing its market competitiveness.

Market Outlook

1. Price Outlook

   Based on current market dynamics, supply and demand conditions, and raw material prices, it is expected that color-coated steel coil prices may continue to fluctuate and weaken in the short term. Steel enterprises and investors need to closely monitor market dynamics and relevant information updates to adjust strategies in a timely manner and respond to potential market fluctuations.

2. Industry Outlook

   China's color-coated steel coil export situation is promising, but the industry also faces some issues, such as the impact on the color-coated industry of individual countries due to increased exports, prominent issues with export on buyer's account, etc. These issues require attention and focus from the industry so that corresponding measures can be taken to address them.

For more detailed information, please refer to relevant authoritative media or professional websites.