Steel Galvanized price September 2023 and outlook (see chart below)
- USA:US$0.73/ID, unchanged
- Europe:US$1.11/ID, 0.9% up
- China:US$0.64/ID, 1.6% up
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Galvanized sheet price index
This post is a summary of the Galvanized sheet price developments. The price developments of Galvanized sheet are expressed in US$ 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:
Galvanized steel is commonly used in construction for roofing, framing, decking, and other structural components.
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.
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.
Galvanized steel is used in the production of agricultural equipment, such as storage tanks, feed troughs, and irrigation systems.
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
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 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).
- Wikipedia for general, history, production and usage information
- PubChem source of chemical information
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