Galvanized Plain Sheet Prices

Galvanized Plain Sheet Prices September 2024

The galvanized plain sheet prices in the USA for Q3 2024 reached 1255 USD/MT in September. The product’s prices in the country saw a notable rise, driven by increased feedstock costs and strategic mill pricing. Reduced imports and a focus on domestic production bolstered this trend, though market fluctuations were evident due to trade and economic influences.

The price trend for galvanized plain sheet in China for Q3 2024 settled at 580 USD/MT in September. The Chinese market faced significant price drops due to intense competition, import oversupply, and subdued construction demand. The market experienced a continued downtrend compared to previous quarters, reflecting persistent pricing pressures and overall bearish sentiment.

The galvanized plain sheet prices in Germany for Q3 2024 reached 780 USD/MT in September. Germany's market saw continuous price declines, affected by weak demand, a dip in new vehicle orders, and fluctuating production metrics. The market suffered from excess supply and competitive imports, keeping the overall environment cautious and recovery uncertain.

The price trend for galvanized plain sheet in Brazil for Q3 2024 settled at 665 USD/MT in September. Brazil's market saw significant price reductions, driven by excess imports and weak consumption in key sectors. Anti-dumping policies and trade issues further complicated the industry, maintaining a negative pricing trend throughout the quarter.

Galvanized Plain Sheet Prices June 2024

The galvanized plain sheet prices in the Brazil for Q2 2024 reached 855 USD/MT in June. The market exhibited stable pricing, mirroring regional trends. Minimal price shifts compared to last year and Q1 point to balanced supply-demand dynamics and steady market conditions. Despite mild seasonal adjustments, the stability highlights resilience amid global market fluctuations.

The price trend for galvanized plain sheet in Germany for Q2 2024 settled at 850 USD/MT in June. The market saw slight but steady price adjustments, reflecting the broader European trend of stability. Supply constraints balanced moderate demand, limiting volatility. The market’s resilience was maintained despite rising energy costs and inflationary pressures, sustaining a stable pricing outlook across the quarter.

Galvanized Plain Sheet Prices December 2023

The galvanized plain sheet prices in the United States for Q4 2023 reached 1230 USD/MT in December. The market witnessed a significant increase in galvanized plain sheet prices. Initially stable due to steady demand and supply, prices later rose as cleveland cliffs announced price hikes, and production dropped amid strikes. Interest rate increases and positive construction sector sentiment further contributed to this trend, alongside limited international trade activities.

The price trend for galvanized plain sheet in Taiwan for Q4 2023, reached 1356 USD/MT in December. Taiwan’s galvanized plain sheet market experienced relative stability throughout the fourth quarter. Steel manufacturers responded to rising raw material costs with slight price adjustments. Despite challenges such as shipping route disruptions and reduced overseas demand, prices increased due to strong local demand from the construction and automotive sectors and lack of essential raw materials.

The price trend for galvanized plain sheet in Germany for Q4 2023, reached 844 USD/MT in December. The prices for galvanized plain sheets decreased throughout the final quarter of 2023. Although there was some initial stability, economic uncertainty, and weak demand, especially in the automotive industry, drove prices down. The market also dealt with external challenges, such as the possibility of interest rate increases and heightened competition, which led to cautious purchasing and a modest rebound toward the end of the quarter.

Regional Coverage

The report provides a detailed analysis of the galvanized plain sheet market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the galvanized plain sheet price trend. 

Global Galvanized Plain Sheet Price

The report offers a holistic view of the global galvanized plain sheet pricing trends in the form of galvanized plain sheet price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into galvanized plain sheet historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.  

The report also delves into galvanized plain sheet price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed galvanized plain sheet demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape. 

Europe Galvanized Plain Sheet Price

Q3 2024:

During the third quarter of 2024 in Europe was marked by ongoing price declines in the galvanized steel market, with Germany particularly affected by weak consumption in key sectors. July set the stage for consistent price reductions that continued into September, affected by a reduction in Manufacturing PMI and a sluggish construction market. The automotive sector faced substantial setbacks, with declining new vehicle registrations adding to the negative sentiment. Production metrics displayed mixed signals, including a slight rise in crude steel output but reduced hot-rolled steel production.

Q2 2024:

In Q2 2024, Europe’s galvanized plain sheet market displayed a stable pricing trend despite economic pressures. Low consumption in the automotive and construction sectors limited price volatility, while inflation and political instability kept market sentiments cautious. Rising energy costs also impacted production costs, leading manufacturers to maintain prices to protect margins. Germany witnessed noticeable price shifts, aligning with broader European stability, with demand patterns influenced by seasonal consistency. Compared to the same quarter last year and the preceding quarter in 2024, prices reflected a stable but slightly declining trend. The balance between supply constraints and demand has contributed to a resilient, albeit cautious, pricing sentiment.

Q4 2023:

Throughout the Q4 2023, galvanized plain sheet prices in Europe generally trended downward due to a combination of moderate to high supply and weak downstream demand. In October, despite global economic instability, the German market witnessed relatively stable prices. The influence of China’s economic policies boosted international demand somewhat, but rising interest rates in the US and Europe led to reduced trade flows. By mid-quarter, German prices fell slightly due to economic uncertainties, particularly affecting the automotive sector. November's prices remained steady despite holiday season slowdowns and reduced consumer activity. However, external competition and the European Central Bank's potential rate hikes created a cautious market environment. In December, stability was maintained amid subdued demand and operational pauses, though there was a slight uptick in the last week, tempered by trade slowdowns and winter weather.

This analysis can be extended to include detailed galvanized plain sheet price information for a comprehensive list of countries.

North America Galvanized Plain Sheet Price

Q3 2024:

During the third quarter of 2024, the North American market for galvanized plain sheets experienced a notable price surge, largely due to higher raw material prices and strategic cost shifts by steel producers. Declined imports also played a role, bolstering domestic price structures. Emphasis on local manufacturing and targeted pricing strategies helped shape this upward trend. Mexico saw the most significant changes, influenced by worker issues and trade policies. Despite this, pricing trends moved upward compared to Q3 2023, with marked shifts underscoring the dynamic nature of the quarter.

Q2 2024:

In Q2 2024, North America's galvanized plain sheet market faced a notable price downturn, driven by various key factors. Persistent decreases in Cold-Rolled Coil (CRC) and Hot-Rolled Coil (HRC) feedstock prices shaped the landscape. This trend was further compounded by steel mills' discounts and reduced demand, intensifying the bearish stance on HRC. Meanwhile, rising imports, particularly from Southeast Asia, heightened competitive pressures and stoked fears of potential dumping, which destabilized local prices. In the U.S., the market displayed the sharpest price drops, with substantial declines compared to both the last year and earlier in 2024. Additionally, seasonal low demand during the early summer added downward pressure, challenging domestic mills to maintain prices amidst an oversupplied market.

Q4 2023:

During the last quarter of 2023, costs in North America witnessed considerable growth, driven by a mix of minimum to heightened supply and varying demand levels. In October, the US market maintained stable prices, relatively unaffected by global policies and interest rate hikes. Heightened rates in both US and Europe soon constrained international trade, prompting delays in orders. As the quarter progressed, domestic prices began to climb due to reduced inventories, a price increase from Cleveland Cliffs, and a decrease in production caused by the UAW strike. Positive sentiment in the construction sector further supported this trend. By November, global economic stimuli and Chinese policy moves pushed prices higher. December brought price stabilization, influenced by limited supply, fulfillment of existing orders, and expectations of future price increases, despite some market disruptions and a seasonal downturn in demand.

Specific galvanized plain sheet historical data within the United States and Canada can also be provided.

Middle East and Africa Galvanized Plain Sheet Price

The report explores the galvanized plain sheet pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices. 

In addition to region-wise data, information on galvanized plain sheet prices for countries can also be provided. 

Asia Pacific Galvanized Plain Sheet Price

Q3 2024:

The galvanized plain sheet sector in Asia-Pacific witnessed a marked price decrease in Q3 2024, spurred by weak construction demand, excessive import supply, and competitive pressures from mills in China. China experienced the sharpest declines, showcasing persistent challenges across APAC. Price comparisons with last year and quarter-on-quarter figures reflected a steady downtrend. The 2^nd half of Q3 showed a more pronounced dip, highlighting the mounting price pressures. The market grappled with bearish sentiment and uncertainties surrounding demand, resulting in continuous declines through the quarter.

Q2 2024:

Throughout Q2 2024, the Asia-Pacific market for galvanized plain sheet saw consistent price declines amid challenging conditions. Reduced demand from automotive and construction sectors, paired with pricing competition from Chinese suppliers, exacerbated the decline. The region also contended with high inventories and weaker export markets, further pressuring prices. In South Korea, this trend was marked by steep price shifts, fueled by seasonal low demand and broader economic indicators signaling decreased industrial output. Geopolitical issues and an oversupplied market underscore the urgency for strategic adaptation within the sector to cope with these persistent pressures.

Q4 2023:

In the Asia-Pacific region, the pricing for galvanized plain sheets remained largely stable throughout the Q4 2023, influenced by several factors. Taiwanese steel manufacturers, including major players like Chung Hung Steel Corporation and China Steel Corporation, responded to rising raw material costs by slightly raising prices in October. Despite sluggish demand from international automotive sectors and limited overseas orders, the market showed resilience, with prices adjusted to offset higher production costs. In November, Taiwanese prices increased due to limited supply, heightened demand from automotive and construction industries, and shortages of key materials such as Iron Ore. Shipping disruptions, including a shift from the Panama Canal to the Suez Canal, extended lead times, and increased freight costs. By December, market dynamics were shaped by reduced seasonal demand, continued trade route disruptions, and unfavorable weather conditions, which collectively slowed manufacturing activity and reduced overseas feedstock demand.

This galvanized plain sheet price analysis can be expanded to include a comprehensive list of countries within the region. 

Latin America Galvanized Plain Sheet Price

The analysis of galvanized plain sheet prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks. 

This comprehensive review can be extended to include specific countries within the region. 

Galvanized Plain Sheet Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Galvanized Plain Sheet Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of galvanized plain sheet pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of galvanized plain sheet at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of galvanized plain sheet price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing galvanized plain sheet price fluctuations, such as supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Galvanized Plain Sheet Market Analysis

The global galvanized plain sheet market size reached 38.2 Million tons in 2023. By 2032, IMARC Group expects the market to reach 50.3 Million tons, at a projected CAGR of 3.10% during 2023-2032.

• Galvanized plain sheets offer superior protection against corrosion, making them ideal for use in environments prone to moisture and chemical exposure. The zinc coating acts as a barrier that protects the steel from corrosive substances extending the life of the product.
• One significant use of galvanized plain sheets is in the construction of outdoor structures such as sheds, barns, and industrial buildings. Corrosion resistance makes it ideal for applications where the structures are exposed to harsh weather conditions, such as rain, snow, and high humidity, which lead to the rapid weakening of plain carbon steel.
• In line with this, the zinc coating on galvanized plain sheets prevents rust and enhances the material's overall strength and durability. This characteristic ensures that structures and components made from these sheets withstand harsh conditions without deforming or breaking.
• Galvanized steel is versatile and easy to work with. It can be cut, welded, and molded without losing its protective zinc coating, making it a favored choice among manufacturers and constructors for its adaptability in various applications.
• Additionally, galvanized steel is ecologically friendly as it is 100% recyclable without loss of quality. Its longevity and recyclability make it an engaging choice for eco-conscious projects and applications, contributing to sustainable construction practices.
• Concurrently, the modern galvanizing process provides a uniform coating of zinc on steel surfaces, safeguarding regular protection throughout the sheet. This uniformity is crucial for maintaining the integrity and aesthetic appearance of the final product, thus creating a positive outlook for market expansion.
• Besides this, galvanized sheets demonstrate excellent performance under high temperatures, maintaining their structural reliability and resistance to scaling. This makes them suitable for applications like heating, ventilation, and air conditioning (HVAC) systems and industrial ovens where heat resistance is required.

Galvanized Plain Sheet News

The report covers the latest developments, updates, and trends impacting the global galvanized plain sheet market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the galvanized plain sheet price trend.

Latest developments in the galvanized plain sheet industry:

• In April 2023, The Indian Ministry of Steel collaborated with Arcelor and other steel corporations, to establish additional production capacity. This plan is planned to produce 25 million metric tons of special steel in India over the next five years.
• In October 2021, Rio Tinto revealed its aim to reduce scope 1 and 2 emissions by 50% by 2030 and 15% by 2025, compared to a 2018 baseline of 32.6Mt (CO2equivalent - equity basis). Rio Tinto is to invest about $7.5 billion in direct capital expenditure to decarbonize its assets between 2022 and 2030, with a focus on renewable electricity for iron ore.

Product Description

A galvanized plain sheet, known as galvanized steel, is a product that has been coated in a layer of zinc to protect it from corrosion. This process, known as galvanization, involves the steel being underwater in a bath of molten zinc. The zinc coating specifies a strong layer of protection against the elements, preventing rust and improving the material's stability.

The primary applications of galvanized plain sheets are found in environments where the steel is vulnerable to decay and corrosion, thus creating a positive outlook for the market growth. Alongside, these sheets are usually used in the construction industry for roofing, wall cladding, and framing.

The automotive industry also utilizes these sheets for manufacturing body parts of vehicles that require superior durability and resistance to weathering. Moreover, galvanized sheets are used in HVAC systems for constructing ductwork that has boosted longevity and is less prone to rust.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of galvanized plain sheet pricing, covering global and regional trends, spot prices at key ports, and a breakdown of ex-works, FOB, and CIF prices.
• The study examines factors affecting galvanized plain sheet price trend, including supply-demand shifts and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The galvanized plain sheet price charts ensure our clients remain at the forefront of the industry.