MYSTEEL: China's galvanized coil capacity to expand further in 2026

As an essential steel material widely used in the manufacturing of automobiles and home appliances, production capacity of galvanized coils in China has witnessed a quick increase this year, and this trend is expected to extend into 2026, according to Mysteel’s annual report on this market.

However, with downstream manufacturing growth gradually peaking, the expanding capacity of galvanized coils is likely to aggravate fierce competition among suppliers, especially for private steel mills. The overall demand for this flat steel only increased mildly in 2025, mainly driven by strong exports with Chinese coils' competitive prices, as Mysteel Global has reported, but the export market seems