According to market news, the supply of carbon steel plate was tight in the Korean market this week, and it was observed that the supply of cold-rolled galvanized steel is tighter than that of hot-rolled galvanized steel. Due to the influence of supply and demand, the price of cold rolled galvanized steel in South Korea was expected to increase this week.
Retailers of hot-rolled steel and heavy plate have temporarily slowed down the progress of price increases due to the constant downturn of the market.
This week, the production and import of 304 stainless steel in the South Korean Sunday showed a steady trend, and the price continued to look stable ahead of the Spring Festival holiday. The price was expected to increase from this week.
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