With the Chinese New Year holiday approaching, galvanized sheet plants in multiple domestic regions have successively announced their holiday shutdown plans. SMM conducted a survey on the holiday situation among galvanized sheet enterprises, covering a sample of 22 enterprises with a total annual capacity of 16.83 million mt.

SMM Analysis：As Q2 draws to a close, SMM has learned that the operating rate of domestic galvanized sheet production in May declined by 1.1% MoM. With the arrival of the off-season, what are the market expectations for June? Can the relevant operating rates be sustained.....

[SMM Analysis: "How is the performance of galvanized sheet in June amid the ongoing digestion of 'rush to export' orders?"] As Q2 draws to a close, SMM has learned that the operating rate of domestic galvanized sheet production declined by 1.1% MoM in May. With the arrival of the off-season, how is the market expecting June to perform? Can the relevant operating rates be sustained?...

In July 2025, Shougang Group adjusted the prices of some of its steel products based on the "June 2025 Sales Price Policy for Shougang's Steel Products" as follows: 1. The base price of HRC remains unchanged. 2. The base price of pickled sheet and coil remains unchanged. 3. The base price of cold-rolled sheet and coil remains unchanged. 4. The base price of hot-dip galvanized sheet remains unchanged. 5. The base price of galvalume and high-aluminum zinc-aluminum-magnesium sheet and coil remains unchanged. 6. The base price of color-coated sheet remains unchanged. 7. The base price of Chalco's zinc-aluminum-magnesium products remains unchanged. 8. The base price of medium-thickness plates remains unchanged. 9. Electrical steel: The base price of non-oriented electrical steel remains unchanged, and the base price of oriented electrical steel remains unchanged.

【SMM Flash News】SMM expects the operating rate of galvanized sheet enterprises in June to be 79.40%, down 1.59% MoM from May. With the arrival of the plum rain season in south China, outdoor construction projects may be affected to some extent, and related terminal orders are expected to continue weakening. The market expects the operating rate of galvanized sheet production to continue declining in June.

【SMM Flash News】 The sample capacity of galvanized sheet enterprises in May was 45.12 million mt, with idle capacity of 200,000 mt, production of 3.0316 million mt, and an operating rate of 80.99%, down 1.11 percentage points MoM. By enterprise size: large enterprises with an annual capacity of ≥1.5 million mt had an operating rate of 90.28%; medium-sized enterprises with an annual capacity of 600,000-1.5 million mt had an operating rate of 81.81%; and small enterprises with an annual capacity of ≤600,000 mt had an operating rate of 71.75%.

[SMM Flash News] SMM expects the operating rate of galvanized sheet producers to be 79.40% in June, down 1.59% MoM from May. With the arrival of the plum rain season in south China, outdoor construction projects may be affected to a certain extent, and related end-user orders are expected to continue to weaken. The market expects the operating rates of galvanising producers to continue to decline in June.

[SMM News] The sample capacity of galvanized sheet enterprises in May was 45.12 million mt, including 200,000 mt of idle capacity. Production was 3.0316 million mt, with an operating rate of 80.99%, down 1.11 percentage points MoM. By enterprise size: large enterprises with an annual capacity of ≥1.5 million mt had an operating rate of 90.28%; medium-sized enterprises with an annual capacity of 600,000-1.5 million mt had an operating rate of 81.81%; small enterprises with an annual capacity of ≤600,000 mt had an operating rate of 71.75%.

The second round of coke price cuts has been implemented. The coke procurement prices of large steel mills in Hebei have been reduced, with a decrease of 50 yuan/mt for wet quenched coke and 55 yuan/mt for coke dry quenching. The specific situation after adjustment is as follows: Grade 1 wet quenched coke (A≤12.5, S≤0.7, CSR≥65, MT≤7) is priced at 1,410 yuan/mt; Grade 1 coke dry quenching (A≤12.5, S≤0.7, CSR≥65, MT≤0) is priced at 1,625 yuan/mt. The above prices are tax-inclusive, delivered to the mill and payable upon acceptance, effective from 0:00 on May 28, 2025.

[SMM Analysis: How Is the Current Situation of Galvanized Sheets at the Beginning of the Regular Consumption "Peak Season" in March?] March is traditionally the "peak season" for downstream zinc consumption. As the first week of March unfolds, how have galvanized sheet enterprises been performing recently? What are the market expectations for the "Golden March and Silver April"?...