On 17th March 2022, the average spot price for galvanised sheet was 5,963.33 RMB/MT.The futures market began a steep reversal, fueled by positive capital market news and an optimistic market sentiment. Price hikes were progressively gaining popularity in some locations, and low-cost transactions were considered acceptable. However, as a result of the Federal Reserve's interest rate hike and the spread of the virus, procurement demand was sluggish, and the spot price lacked the necessary momentum to grow.
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.
Procurement Resource provides prices of Galvanized Sheet for several regions around the globe, which are as follows:
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.
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.
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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).