The export of galvanized sheets reached a nearly four-year high in March [SMM analysis]
According to the latest customs data, China’s export volume of galvanized sheets in March 2024 was 1.2003 million tons, a month-on-month increase of 43.83%, and a year-on-year increase of 25.41%; the cumulative export volume from January to March 2024 was 2.964 million tons, a year-on-year increase of 19%.
Zinc oxide exports in March were weak and may not improve in April [SMM Analysis]
According to the latest customs data, zinc oxide exports in March 2024 were 905.16 tons, a month-on-month increase of 35.58% and a year-on-year decrease of 52.76%; the cumulative zinc oxide exports from January to March 2024 were 2,576.5 tons, a year-on-year decrease of 39.08 percentage points.
Geely's Radar Auto puts RADAR Horizon model onto market
On April 23, the RADAR Horizon, the new model under Geely's high-end new energy outdoors lifestyle vehicle brand, Radar Auto (RADAR), officially went on sale with guidance prices ranging from 181,80...
NPI prices held stable [NPI daily review]
On April 24, SMM 8-12% high-grade NPI prices averaged 956 yuan/mtu (ex-factory, including tax), remaining the same as the previous working day.
According to SMM research, as of Apr 23, the operating rates of 50 electric arc furnace steel mills across the country who mainly produce rebar was 36.56%, up 0.14 percentage points from a week ago.The average capacity utilisation rate gained 0.29 percentage point week-on-week to 37.32%.Their daily average rebar output was 83,100 mt, an increase of 600 mt WoW.