It is reported that domestic hot dipped galvanized coil prices witness rebound On Shanghai market, 1.0mm HDG by Anshan steel is being quoted at CNY 6520 per tonne up by CNY 10 per tonne to CNY 20 per tonne from last Friday. That for 0.5mm HDG by private steel makers is at CNY 6970 per tonne a drop of CNY 50 per tonne from end last week.

    Prevailing export quotation for 1.0mm HDG Z120 has dropped to USD 980 per tonne FOB and workable prices are believed to be at USD 970 per tonne to USD 980 per tonne FOB. The market remain slow and there is few transaction taking into account the rumor of export rebate cancellation and the weak overseas demand.