Product
Galvanized Sheet Price Trends and Forecast
Galvanized Sheet Price Trends and Forecast
Regional Price Overview
Get the latest insights on price movement and trends analysis of Galvanized Sheet in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Galvanized Sheet Price Trends for the First Half of 2023
Asia
Galvanized Sheet prices observed mixed trends throughout the first half of 2023. As the manufacturing industry revived, facing a long-term shutdown because of the COVID-19 pandemic, fresh demands from the downstream manufacturing, construction, furniture, fixtures, etc. sectors pushed the market.
As a result, the Galvanized Sheet prices rose throughout the first quarter and continued till the first half of the second quarter. But as the inventories started rising amidst stable demands, the Galvanized Sheet prices shifted momentum in the latter half of the second quarter. Overall, market sentiments were fairly stable as the prices swung high for most of the said period, but fluctuations were in a very narrow range. In the Chinese domestic market, the prices went from around 719 USD/MT (Spot FD) in January’23 to around 699 USD/MT (Spot FD) in June’23.
Europe
The European Galvanized Sheet market witnessed mixed price trends in the first half of 2023. Trends in the Chinese market also influenced the market behavior here as the European markets are heavily import-dependent. Prices mostly inclined in the first quarter, but because of rapid restocking, the prices fell continuously in the second quarter.
North America
Following in the European footsteps, the Galvanized Sheet price trends were in an oscillating mode in the American markets as well. The prices surged in the first quarter and were in a slump in the latter. As the American market was also struggling with high economic inflation, the opening of the Chinese market gave it some respite.
Analyst Insight
According to Procurement Resource, the price trends for the Galvanized Sheet will continue to be driven by the volatile downstream demands; fluctuations are projected going further as well.
Procurement Resource provides latest prices of Galvanized 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.
About
Galvanized Sheets, as the name says, are the steel sheets that are Galvanized by coating it with zinc. Surface of Galvanized steel has evenly distributed layer of zinc material, which plays a role of anodic protection for base material. Since zinc weathers at a very slow rate, the coating generally has a long life. They are also known for excellent shiny surfaces, strength, and durability, and include a range of hot dip Galvanized and electro-Galvanized sheets.
Product Details
| Report Features | Details |
| Product Name | Galvanized sheet |
| Industrial Uses | Agriculture, Automobile sector, Construction, Electrical appliances, Furniture and fixtures |
| Supplier Database | JSW Steel Coated Products Limited, Agrasen Ispat (P) Ltd, Shandong Hengze New Material Group Co.,Ltd, Nippon Steel Corporation, Gupta Iron & Steel Co |
| 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 Process
- Production of Galvanized Sheet via Hot Dipping Process; and via Electro-Galvanising Process
Hot dipping process based on zinc (Zn) alloy is widely used in order to protect steel sheets against atmospheric corrosion. Hot- dip Galvanized steel sheets are manufactured either by hot or cold rolling in coil form on continuous zinc coating lines. The thickness of the sheets produced from hot and cold rolling ranges from 2.01 to 3.0mm and from 0.27 to 2.0mm respectively.
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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