Chinese GI and PPGI Market Weekly Report

The prices of galvanized steel coils (GI) and prepainted galvanized steel coils (PPGI) continued to go down a bit last week (Jan.19-Jan.25, 2015).
The market needs are not good now. More and more producers began to close their production lines to cut down their loss. The supply of the steel is becoming less and less now. Chinese central and local governments have announced great investments this year. This news has given great support of the market. So the range of decrease of steel price became very smaller last week than before. The price may become stable or even go up recently.
The price maybe stable this week.