Galvanized Plain Sheet Price Trend and Forecast
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.
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.
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.
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.
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).
Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.
Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.
Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.