Galvanized Plain Sheet Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Galvanized Plain sheets in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Galvanized Plain Sheet Price Trend for the October - December of 2023

Asia

The prices of galvanized plain sheet oscillated in the last quarter of 2023. In the early phase of this quarter, India imposed anti-dumping duties on China. However, the effect of these sanctions was not very visible as the export rates of galvanized plain sheet from China showed only minimal fluctuations. These rising exports from China posed a risk for the other Asian countries and thus galvanized plain sheet prices followed a definite uncertain path throughout the fourth quarter of 2023.

Galvanized Plain Sheet Price Chart

Galvanized Plain Sheet Price Trends and Forecast

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Europe

The implications of new carbon taxes have forced the manufacturers to adopt green methods of galvanized plain sheet production. The sector has already received a large sum of investments but switching to these practices lowered the production rates of galvanized plain sheet in the last quarter of 2023. On the other hand, the demand for galvanized plain sheet from the downstream automotive and aerospace industries followed an upward trajectory, which in turn led to the stabilization in galvanized plain sheet quoted prices.

North America

Similar to the global scenario, the galvanized plain sheet production in the US was affected by the decarbonization initiatives. Along with the decline in domestic production, the supply from overseas industries was also low as the Panama Canal route was blocked due to lower water levels. The demand side, however, projected substantial growth after the UAW strikes were called off and the automotive industries geared up their manufacturing numbers.

Analyst Insight

According to Procurement Resource, the price trend of Galvanized Plain Sheet are estimated to face a number of challenges, such as an imbalance in the trade of steel and other raw materials and a rise in global initiatives to lower carbon emissions.

Galvanized Plain Sheet Price Trend for the July-September of 2023

Asia

Galvanized Plain Sheets are zinc-coated steel sheets that are used more for outside construction or in the manufacturing of machinery being built for exposed operations like automobiles. Despite the vital usability, the galvanized plain sheets market experienced consistent backtracking in the third quarter of 2023. The procurement from manufacturing and construction industries remained meek for the entire period. Another big reason was the existing supply glut.

Since various global problems like Covid 19 pandemic and the regional armed conflicts kept the manufacturing and construction sectors struggling for the past few years, the galvanized plain sheet supplies kept piling up. Further, when the markets finally started opening up after a long time, the pace of recovery was very slow. Moreover, the crippled end-user purchasing capacity downgraded the sales estimates miserably. All these factors oppressed the galvanized plain sheets price trend as the market sentiments struggled to revive throughout the discussed period of time.

Europe

The European galvanized plain sheet market’s struggle was even more severe because the Russia-Ukraine conflict was taking place in its backyard. Skyrocketing inflation and disturbed supply chains kept the market gasping. The pace of recovery was not substantial enough to uplift the galvanized plain sheets market considerably in the given quarter. Overall, dull market sentiments were observed.

North America

The North American galvanized plain sheet industry acted in an almost identical manner to the Asian and European markets. The price graph remained downward swinging since the high economic instability in the region forced the downstream consuming sectors down.

Analyst Insight

According to Procurement Resource, the Galvanized Plain Sheet market outlook does not appear to be improving in the immediate future as it will require rapid inventory movement to facilitate market growth.

Galvanized Plain Sheet Price Trend for the First Half of 2023

Asia

The first quarter showcased a positive trend in the prices of galvanized plain sheets due to improving market dynamics in the automotive sector. The spring holiday season proved to be favourable for the rise in prices of the galvanized plain sheets due to increased procurement of steel and strengthening of market dynamics. But towards the end months of the first quarter, the high costs of production forced the manufacturers to reduce their output rates and also caused a decline in the purchasing potential of buyers.

These factors continued to show their effect in the second quarter also. In addition to this, the rising economic uncertainties, sluggish movement of the automotive sector, and falling market of steel scrapes negatively impacted the price trend of the galvanized plain sheet.

Europe

The market dynamics of Asia Pacific were mirrored in the European region too. Like the Asian market, the first quarter witnessed a surge in the prices of galvanized plain sheets. The high cost of energy production, increase in the number of orders, and enhanced interest of buyers in the market led to a positive movement of the galvanized plain sheet trend.

The second quarter, however, did not follow these steps and the prices fell gradually. Initially, the trend was stable due to soaring energy and feedstock costs. But declining global conditions and slow movement of the construction sector caused the level of inventories to surge, negatively impacting the galvanized plain sheet market.

North America

The declining stockpiles of the product and strong demand from the automotive industries caused the price trend of galvanized plain sheets to surge in the first quarter of 2023. The demand was also driven by the increased interest of consumers in this sector and the large number of orders from the mills. But the trend did not pass on to the second quarter as the prices declined steeply in this quarter.

The global negative economic conditions and increased levels of inventories caused the price trend to decline. In addition to this, the financial burden of closing two major US banks ultimately caused an adverse effect on the automotive sector and the overall consumption rates of the buyers.

Analyst Insight

According to Procurement Resource, galvanized plain sheet prices are estimated to showcase a mixed trend in the upcoming quarters as the automotive sector is experiencing serious fluctuations amid falling global economic conditions.

Procurement Resource provides latest prices of Galvanized Plain Sheet. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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About

Galvanized plain sheet refers to a steel sheet coated with a layer of zinc through a process called galvanization. This protective zinc coating provides excellent corrosion resistance to the steel, making it suitable for outdoor and harsh environments.

The galvanized plain sheet is widely used in construction, roofing, fencing, automotive components, and various industrial applications. Its corrosion-resistant properties help prolong the sheet's lifespan and maintain its structural integrity, making it a popular choice for many practical and functional purposes.

Product Details

Report Features Details
Product Name Galvanized Plain Sheet
Industrial Uses Transportation, Automotive, Construction, Electrical, AC ducts and ventilation
HS Code 72259200
Synonyms Galvanized iron sheet, Galvanized metal sheet, Galvanized steel sheet
Supplier Database Hyundai steel, Rio Tinto, Nippon steel corporation, Concord, WISCO, ANSHAN IRON AND STEEL
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery


Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Production Processes

In the first step, the metal is cleaned in a degreasing solution and then it is stored in a tank containing hot sulfuric acid solution. The metal is then immersed in a zinc chloride solution and after dipping it in hot molten zinc vat for galvanization, the final product is obtained.

Methodology

The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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