Weak operation of galvanized steel coil price

In the steel market, steel prices show a trend of weak fluctuations. The comprehensive steel price index fell slightly by 11 points, while cold rolled coils and hot dipped galvanized coils fluctuated strongly, up 15 and 7 points respectively; the iron ore USD index fell 5 points, the scrap price index rose 21 points, and the coke price index rose 18 points.

The steel market may maintain a volatile downward trend this week. 
The main reasons are:
First, although the credit data in March improved, the overall macro data was weak;
Second, the strict management and control of the epidemic in various places, or even the closure and control, have led to large-scale obstruction of transportation, which in turn affects the production and operation of enterprises, restricts the release of demand, and the inventory have turned from decline to increase, increasing the pessimism in the market;
Third, the unexpected decline in the futures disk dragged down the spot market, and the price of steel mills was mainly flat.