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 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.