Monthly outlook: China coated price/market to hover at high level in March
Coated/plated market strengthened after showing a losing streak in February. The price rise in last month was sharp on the back of environment protection measures taken by the Chinese government and rising production costs. According to statistics, from end of January to February 28, the average price of galvanized steel 1.0mm rose by 143 yuan/tonne to 5020 yuan/tonne. During the same time frame, the average price of color-coated steel rose by 252 yuan/tonne to 5878 yuan/tonne.