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Galvanized sheet international market price

Date

The international market prices for galvanized sheet steel are currently experiencing fluctuations across different regions.

North America

  • Price Range: The price for galvanized coil in North America is around $1,035 per short ton (st) FOB mill, east of the Rockies​ (Steel Market Update)​. This reflects a slight decline from earlier in the year due to high inventory levels and economic uncertainties​ (ChemAnalyst)​.
  • Trends: Prices have been oscillating due to various factors including economic conditions, inventory levels, and downstream demand from industries like automotive and construction. Earlier in the year, prices had seen an uptick due to tight supply and increased demand from the automotive sector​ (Procurement Resource)​​ (Steel Market Update)​.

Europe

  • Price Trends: In Europe, prices have seen mixed trends. For instance, the Italian market experienced an initial increase due to higher production costs and stable demand from the construction sector. However, later prices declined due to high inventory levels and increased imports from China and other countries​ (ChemAnalyst)​.
  • Influence of Imports: The European market is significantly influenced by imports. The surplus supply from countries like China has led to downward pressure on prices despite higher production costs locally​ (Procurement Resource)​.

Asia

  • Price Range: In China, the prices for galvanized sheet were around $719 per metric ton (MT) in January 2023, which decreased to approximately $699 per MT by mid-2023​ (Procurement Resource)​.
  • Trends: The Asian market, particularly China, has seen price fluctuations influenced by the recovery in manufacturing and construction sectors. The demand from these sectors initially pushed prices up, but an increase in inventory levels later led to a price decrease​ (Procurement Resource)​.
  • Production Adjustments: In Japan, there were production cuts in major steel plants for infrastructural upgrades, contributing to a surplus supply and putting downward pressure on prices​ (ChemAnalyst)​.

General Trends and Influences

  • Economic Conditions: Global economic conditions play a significant role in price fluctuations. For example, economic uncertainties and inflation in various regions have impacted demand and pricing​ (ChemAnalyst)​.
  • Supply and Demand Dynamics: The balance of supply and demand is crucial. High inventory levels often lead to price reductions, while tight supply and increased demand can push prices up​ (Procurement Resource)​​ (Steel Market Update)​.
  • Production Costs: Rising production costs, especially due to energy prices and raw materials, have also influenced pricing trends. However, when combined with high inventory levels, the effect on prices can be mixed​ (ChemAnalyst)​.
  • Imports: The availability and cost of imported steel significantly affect local prices. In regions like Europe, the influx of cheaper imports has led to competitive pricing and sometimes downward pressure on local products​ (Procurement Resource)​​ (Steel Market Update)​.

These factors together create a dynamic market for galvanized sheets, making it essential for stakeholders to stay updated with the latest trends and reports. For the most accurate and detailed pricing information, consulting specialized market databases and reports from industry analysts is recommended.

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