Steel Galvanized price April 2024 and outlook (see chart below)
- North America:US$0.62/ID, -6.1% down
- Europe:US$0.96/ID, -3% down
- Northeast Asia:US$0.6/ID, -1.6% down
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Galvanized sheet price index
This post is a summary of the Galvanized sheet price developments. The price developments of Galvanized sheet are expressed in US$ prices converted FX rates applicable at the time when the price was valid. Galvanized sheet price index developments are calculated from multiple separate sources of data to ensure statistical accuracy.
The outlook for Galvanized sheetprices, on the second tab, is generated from different inputs including:
- Very recent price developments of immediate cost drivers of Galvanized sheet prices
- Recent price developments of underlying feedstocks which drive the price of Galvanized sheet
- Market futures for both cost drives and feedstocks of Galvanized sheet prices
- Adjustment of current supply/demand imbalances in the Galvanized sheet market
- Longer term trends in likely demand conditions
Further information on the Galvanized sheet price chart
What is galvanized steel
Galvanized steel is a type of steel that has been coated with a layer of zinc to provide protection against corrosion. The process of galvanizing involves immersing the steel in a bath of molten zinc, which reacts with the steel surface to form a protective zinc-iron alloy layer. This layer acts as a barrier, preventing corrosive substances from reaching the steel and causing corrosion.
Galvanized steel is commonly used in a variety of applications, including construction (e.g., roofing, framing, and decking), automotive (e.g., body panels and underbody components), and appliances (e.g., refrigerators and washing machines). It is also used in the production of pipes, conduit, and ductwork.
The advantages of galvanized steel include its durability, resistance to corrosion, and low maintenance requirements. Additionally, the zinc coating on galvanized steel provides a bright, attractive appearance, making it a popular choice for many applications.
What is galvanized steel used for
Galvanized steel is used in a variety of applications due to its durability and resistance to corrosion. Some common uses of galvanized steel include:
Construction
Galvanized steel is commonly used in construction for roofing, framing, decking, and other structural components.
Automotive
Galvanized steel is used in the automotive industry for body panels, underbody components, and other parts that are exposed to harsh weather and road conditions.
Appliances
Galvanized steel is used in the production of household appliances, such as refrigerators, washing machines, and dishwashers, due to its durability and resistance to corrosion.
Pipes, conduit, and ductwork
Galvanized steel is used in the production of pipes, conduit, and ductwork for water and gas distribution, as well as in heating and cooling systems.
Fencing and gates
Galvanized steel is commonly used in the production of fencing and gates due to its durability and resistance to corrosion.
Agricultural equipment
Galvanized steel is used in the production of agricultural equipment, such as storage tanks, feed troughs, and irrigation systems.
Outdoor furniture
Galvanized steel is used in the production of outdoor furniture, such as park benches and picnic tables, due to its durability and resistance to corrosion.
These are just a few of the many applications for galvanized steel. Its durability and resistance to corrosion make it a popular choice for a wide range of products and industries.
What types of galvanized steel are there
There are several different types of galvanized steel, which vary based on the method of galvanization and the thickness of the zinc coating. Some of the most common types of galvanized steel include:
Hot-dipped galvanized steel
Hot-dipped galvanized steel is produced by immersing the steel in a bath of molten zinc. This is the most common method of galvanization and provides the thickest and most durable zinc coating.
Electro-galvanized steel
Electro-galvanized steel is produced by electroplating a thin layer of zinc onto the steel surface. This method of galvanization is typically less expensive than hot-dipping but provides a thinner and less durable zinc coating.
Galvannealed steel
Galvannealed steel is produced by hot-dipping the steel in a bath of molten zinc and then annealing it to produce a zinc-iron alloy coating. This type of galvanized steel is often used in automotive and other applications where a durable and scratch-resistant coating is required.
Zinc-aluminum alloy-coated steel
Zinc-aluminum alloy-coated steel is produced by immersing the steel in a bath of zinc and aluminum alloys. This type of galvanized steel provides a durable and corrosion-resistant coating that is well suited to harsh environmental conditions.
Zinc-magnesium alloy-coated steel
Zinc-magnesium alloy-coated steel is produced by immersing the steel in a bath of zinc and magnesium alloys. This type of galvanized steel provides a high-performance and corrosion-resistant coating that is well suited to harsh environmental conditions.
These are the most common types of galvanized steel, but there are also other variations and methods of galvanization that are used for specific applications. The type of galvanized steel that is used for a particular application will depend on the desired properties, such as durability, corrosion resistance, and appearance, as well as the cost and availability of the material.
Which countries produce the most galvanized steel
The largest producers of galvanized steel are China, India, the United States, Japan, and Russia.
China is the largest producer of galvanized steel in the world, with a significant share of the global market. The country’s large steel production capacity and strong demand from the construction and infrastructure industries are key drivers of its dominance in the market.
India is another major producer of galvanized steel, with a growing demand for the material in the construction and automotive industries. The country is expected to continue its growth trajectory in the galvanized steel market in the coming years.
The United States is also a significant producer of galvanized steel, with a well-developed steel production industry and a large demand for the material in the construction and automotive industries.
Japan is a major producer of galvanized steel, with a strong focus on high-quality and technologically advanced materials. The country’s steel production industry is highly developed and well known for its advanced technology and innovations.
Russia is also a significant producer of galvanized steel, with a well-established steel production industry and a large demand for the material in the construction, infrastructure, and energy sectors.
These countries are among the largest producers of galvanized steel in the world and account for a significant share of the global market. The production and demand for galvanized steel can vary depending on economic conditions, demand for construction and infrastructure projects, and changes in the automotive and consumer goods industries.
The size of the galvanized steel market can vary depending on various factors, such as economic conditions, demand for construction and infrastructure projects, and changes in the automotive and consumer goods industries.
According to recent industry reports, the global market for galvanized steel is expected to grow at a moderate pace over the next few years, driven by increased demand from construction, infrastructure, and consumer goods industries. In particular, the growth of the construction industry in emerging economies, such as China and India, is expected to drive demand for galvanized steel.
In 2020, the global galvanized steel market was estimated to be worth around USD 140 billion and is projected to reach a value of around USD 200 billion by 2026, growing at a CAGR of around 5% during this period.
However, it is important to note that the global galvanized steel market can be subject to fluctuations and uncertainties, such as changes in economic conditions, trade policies, and competition from alternative materials. Therefore, the actual size of the market may differ from the projections made by industry analysts.
According to https://oec.world/ :
Net/fencing, galvanized iron or non-alloy steel <3mm wire, <100cm mesh are the world’s 2385th most traded product.
In 2020, the top exporters of Net/fencing, galvanized iron or non-alloy steel <3mm wire, <100cm mesh were China ($310M), Mexico ($66.9M), Spain ($26.3M), Poland ($23.8M), and Italy ($22.7M).
In 2020, the top importers of Net/fencing, galvanized iron or non-alloy steel <3mm wire, <100cm mesh were United States ($131M), Germany ($29M), France ($25.4M), Australia ($20.1M), and Thailand ($17.2M).
Further information
- Wikipedia for general, history, production and usage information
- PubChem source of chemical information
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