India’s Galvalume market continued to firm in March, building on monthly gains recorded in February. Early March assessments showed Galvalume prices increasing steadily, supported by domestic producers operating near normal capacities for captive hot-rolled coil, which maintained availability, as per ChemAnalyst. Mid-month buying was driven by government-linked housing projects, warehouse fabricators, and ongoing demand from construction and appliance segments, with late-March weekly assessments confirming further Galvalume price upticks, reflecting a near-term bias toward higher spot levels amid upstream cost pressures and logistical constraints.
Demand patterns remained the primary driver of Galvalume price movements. Residential and light industrial construction sustained strong purchases of roofing panels, cladding, and pre-finished corrosion-resistant panels, supported by PMAY-Urban targets and associated budget allocations, as per ChemAnalyst. Utility-scale solar fabricators, appliance makers, and colour-coated panel users added moderate demand, contributing to tighter spot availability of Galvalume. Domestic production supplied the bulk of Galvalume requirements,...
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