China steel price drop much recently, galvanization progressing all stopped

China steel price drop much recently, galvanization progressing all stopped

Present China steel market rough steel price keep dropping regularly, for the past one month price dropped about 30 to 40USD per ton, on another side China government put more and more policy to reduce and limit the steel mill production, even cut down some steel capacity. Till now the galvanization progressing is still stopped. Hence all the hot dipped galvanized pipes, whether round or square pipes, the delivery time may delay.  

For pre galvanized square tubes and round GI pipes for now is still not affected by such policy.

From now to the end of this week, the welded pipes price may keep dropping regularly, it may come sudden increase if more policy to cut the steel production capacity.