Chinese iron ore futures finished lower and Qingdao spot prices eased slightly as trader activity stayed thin and steel mills remained wait-and-see. Weekly supply was broadly stable, with global shipments flat and port arrivals edging down, while the Port Hedland strike has not yet materially affected availability. Near-term prices are expected to consolidate on a subdued note.
Domestic iron ore concentrate prices fell this week as supply recovered and mills pressured for lower procurement costs. With more mines expected to resume output and blast-furnace hot metal demand likely to slip, prices may ease further next week.
Asia
In Asia, Galvanized Plain Sheet prices stayed volatile but cost-supported in H1’26. China’s coated-steel market gained support from hot-rolled coil costs, zinc input pressure, and export demand, although domestic buying remained cautious. Regional sentiment was also supported by stronger steel demand in India, where steel use was expected to rise by 7.4% in 2026. However, high inventories and need-based procurement limited a sustained rally.
Europe
In Europe, Galvanized Plain Sheet prices remained under pressure from weak industrial activity and import competition. Apparent steel consumption increased 4.4% in 2025, but growth was expected to slow to 0.4% in 2026. Steel-using sectors were forecast to recover only 1.3%, keeping demand from automotive, construction, and manufacturing cautious. Lower crude steel production also reflected weak operating momentum in the regional steel industry.
North America
In North America, Galvanized Plain Sheet prices were supported by lower imports and stronger domestic mill leverage. U.S. steel imports through March were 4.6 million metric tons, down from 7.1 million metric tons a year earlier. April finished steel import permits were up 8.5% from March, but total and finished imports in the first four months were down 28.8% and 30.0% year on year. Tariff protection also supported domestic offers.
Analyst Insight
According to Procurement Resource, prices may remain mixed, with support from feedstock, freight, and trade measures, while weak construction, cautious service-center buying, and inventory pressure may cap stronger gains.
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Asia
In Asia, galvanized plain sheet prices stayed mostly steady during the second half of 2025. Countries like Egypt introduced stimulus packages to support local steel production, which helped expand capacity and reduce dependence on imports. This increased local supply and kept prices from rising sharply. Raw material costs, especially for hot-rolled steel, were slightly higher, so producers maintained stable prices to protect margins. Demand from construction, automotive, and household appliance sectors remained normal, with no sudden spikes. Imports from other Asian countries also continued, keeping the market competitive. Overall, Asian markets experienced a balanced trend with only minor fluctuations.
Europe
In Europe, prices showed mixed trends. In Northern Europe, particularly Germany, weak demand from the automotive and construction sectors pushed prices slightly lower. Rising hot-rolled coil costs provided some support, but buyers resisted higher prices. Trade uncertainties and EU carbon adjustment policies also affected imports, creating cautious buying behaviour. In Southern Europe, including Italy, selective deals and moderate demand led to small price increases. Overall, European markets faced challenges from weak steel-consuming industries, elevated import levels, and cautious end users, which made prices fluctuate in a narrow range rather than rise strongly.
North America
In North America, prices were relatively stable during H2’25. Domestic steel production remained steady, and import volumes were moderate. Demand from construction, automotive, and household appliances stayed balanced, which limited price changes. Temporary supply disruptions provided only brief support, and buyers mostly purchased on a just-in-time basis. Inventory levels were sufficient to meet regular demand, keeping the market calm.
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.
Transportation, Automotive, Construction, Electrical, AC ducts and ventilation
Galvanized iron sheet, Galvanized metal sheet, Galvanized steel sheet
Hyundai steel, Rio Tinto, Nippon steel corporation, Concord, WISCO, ANSHAN IRON AND STEEL
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-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.
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.
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