In the past week, the domestic price of cold-rolled steel and galvanized coil in Europe kept rising because the market is in a short supply.

European steel mills currently only have a few stocks left for the second quarter, and they are already available to order materials for the third quarter.

Market participants said that if carmakers cut their production due to a shortage of auto chips, it might have an impact on the demand for cold-rolled and galvanized steel. However, some thought the short supply of cold-rolled and galvanized steel will affect all related downstream industries, including the car field.