Domestic ferrosilicon prices trended sideways early this week then rose unilaterally, jumping 0.71% on April 23 to 5448 yuan/ton. Supported by tight blue charcoal supply, stable downstream demand, low inventory and higher steel mill bidding prices, the price center shifted up 38 yuan/ton weekly.

This week, domestic medium and thick plates prices showed a "unilateral upward then stable" trend, up 0.30% weekly. Core drivers include rising billet cost support, rebounding downstream demand and low inventory.

This week, galvanized sheet coil prices slightly rose, supported by raw material cost increases and steel mill guidance adjustments. Hot coil futures fluctuated strongly, with spot prices following. March 2026 galvanized exports increased month-on-month, but April exports may not grow significantly. Short-term domestic prices may still have upward room.

CISA's mid-April 2026 data shows steel enterprises' crude steel (21.11mt, +0.4% m-o-m daily), pig iron (18.98mt, +0.3% m-o-m daily) and steel (15.05mt, +3.1% m-o-m daily) output; steel inventory (18.63mt, +6.4% vs early April, +11.5% y-o-y) is high with slow demand recovery, seasonal supply-demand mismatch and structural contradictions.

As of April 20th, domestic hot-rolled coils (3436 yuan/ton, +3.33% weekly) and cold-rolled sheet (3830 yuan/ton, +2.13% weekly) prices rose. Supply saw production recovery, price hikes & reluctance to sell; demand recovery lagged with low restocking; costs supported by strong raw materials.

As of April 22, 2026, medium thick plate (3292 yuan/ton, +3.13% 60d), manganese silicon (5984 yuan/ton, +7.78% 60d), stainless steel plate (13400 yuan/ton, +3.34% 10d), galvanized sheet (4175 yuan/ton, +3.02% 60d) have recent price increases, with related steel manufacturers noted.

Latest galvanized sheet price on April 22nd is 4175.00 yuan/ton, up 3.02% in 60 days; related manufacturers include Hebei Iron & Steel, Bengang Plate, etc.

On April 21st, Shanghai Futures Exchange reported stainless steel inventory: 13408 tons in Guangdong (unchanged), 36238 tons in Jiangsu (up 2630 tons), total 49646 tons (up 2630 tons).

Business Society’s April 1st news covers macro data (BCI, light industry, UK anti-dumping on excavators, Eurozone/Japan inflation), energy (oil prices/inventories, Saudi routes, Libya production), and sector updates (chemical, rubber/plastic, textile, steel, agriculture).

National Bureau of Statistics reports March manufacturing PMI was 50.4%, up 1.4 percentage points m-o-m, exceeding the threshold, indicating a prosperity rebound. Production (51.4%) and new order (51.6%) indices are above threshold, others below.

On March 24th, the manganese silicon market's base price, main futures closing price (6480 yuan/ton), benchmark spot price (6124 yuan/ton) and market basis (-356 yuan/ton) are stated, with current time 2026-03-25 16:06:06.

On March 24, Shanghai Futures Exchange reported stainless steel inventory: 11593 tons in Guangdong (unchanged), 32006 tons in Jiangsu (up 1934 tons), total 43599 tons (up 1934 tons).

World Steel Association reported 69 countries/regions produced 141.8 million tons of crude steel in Feb 2026 (down 2.2% YoY). Top 10 included China (76.09M tons, -3.6%), India (+7.7%), etc. Jan-Feb cumulative was 298.2M tons (down 1.5% YoY).

Report from China Scrap Steel Application Association shows domestic scrap steel prices rose slightly last week with recovering transactions, lower inventory. Key steel enterprises' purchase prices increased moderately. Black series futures supported prices, EAF utilization up but not normal. Near-term trend expected stable moderate upward. Regional prices vary.

According to Shengyi Society's monitoring, in February 2026, 2 steel commodities rose month-on-month (ferromanganese 1.08%, scrap steel 0.33%), 12 fell (1 down over 5%, Australia iron ore -5.43%), average change -1.11%.

On March 23, 2026, domestic refined oil prices will be significantly raised (5th consecutive increase in 2026). Crude oil prices rose due to US-Iran conflict, Hormuz Strait blockage, and supply risks. Government regulation adjusted actual hikes; supply-demand tightness supports gasoline/diesel prices. Future depends on Middle East situation and policy changes.

This week, galvanized sheet coil futures fluctuated with steady demand rebound (rigid demand-driven, limited growth). As of March 20, average price rose 0.37% to 4120 yuan/ton. Capacity utilization increased, supply up; inventory declined slowly. Hebei Baoheng’s line completed test. Home appliance production mixed. Short-term price may narrow fluctuate.