Coated steel prices in China continued their downward trend on Monday.

In Ningbo market, price of galvanized steel coil with thickness of 0.5mm was being quoted at RMB6,700/ton, a decrease of RMB100/ton from that before the holiday. Price of Huaye’s pre-painted galvanized steel coil with thickness of 0.25mm was at RMB7,900/ton, dropping by RMB200/ton as compared with that before the holiday.

In Nanjing market, price of galvanized steel coil decreased as well. Benxi Steel’s galvanized steel coil price was at RMB5,800/ton for the thickness of 1.0mm. Shandong Yuanda’s galvanized steel coil price for 0.23mm thickness was at RMB7,300/ton, down by RMB400/ton from that before holiday.

And Tianjin Xinyu’s pre-painted galvanized steel coil price for 0.476mm thickness was at RMB7,100/ton, reduced by RMB150/ton as well.