For the Quarter Ending March 2026
Galvanized Plain Sheet Price in North America
- In the USA, the Galvanized Plain Sheet Price Index rose by 5.58% quarter-over-quarter, reflecting tight domestic supply.
- The average Galvanized Plain Sheet price for the quarter was approximately USD 1356.67/MT, reflecting balanced trading.
- Domestic mills maintained firm offers, keeping Galvanized Plain Sheet Spot Price steady amid moderated import arrivals.
- Service centers replenished inventories supporting the Galvanized Plain Sheet Price Index while end-user orders remained measured.
- Analyst scenario outputs show a modest Galvanized Plain Sheet Price Forecast indicating limited upside amid seasonal demand patterns.
- Raw-material dynamics left Galvanized Plain Sheet Production Cost Trend restrained as zinc and hot-rolled coil costs stayed steady.
- Export demand to Canada and Mexico absorbed volumes, influencing regional Galvanized Plain Sheet Spot Price and supporting mill allocations.
- Production upgrades remained commissioning, so Galvanized Plain Sheet Price Index strength stemmed from disciplined mill allocations not tonnage.
Why did the price of Galvanized Plain Sheet change in March 2026 in North America?
- Balanced supply from domestic mills and moderated imports tightened spot availability, supporting modest price gains.
- Stable zinc and HRC input costs limited production cost pressure, enabling mills to keep offers firm.
- Healthy construction and automotive call-offs absorbed incremental tonnage while logistics normalized, avoiding downward price pressure.
Galvanized Plain Sheet Prices in APAC
- In South Korea, Galvanized Plain Sheet Price Index fell by 1.64% quarter-over-quarter, signaling softer demand.
- The average Galvanized Plain Sheet price for the quarter was approximately USD 781.00/MT per ton.
- Galvanized Plain Sheet Spot Price exhibited volatility amid intermittent export bookings and reduced merchant inventories.
- Galvanized Plain Sheet Price Forecast anticipates range-bound movement with firmer spikes driven by input disruptions.
- Galvanized Plain Sheet Production Cost Trend shows zinc premium volatility and LNG costs pressuring margins.
- Galvanized Plain Sheet Demand Outlook shows steady construction and appliance demand offset by cautious restocking.
- Galvanized Plain Sheet Price Index strengthened as mill outages and export inquiries tightened export-eligible tonnage.
- Mill run-rates remained near nameplate while service centre inventories stayed lean, keeping spot negotiations ranged.
Why did the price of Galvanized Plain Sheet change in March 2026 in APAC?
- Mill maintenance and Hyundai Steel strike curtailed coil supply, tightening coating feed and lifting prices.
- LME zinc stocks fell while LNG spot gas surged, increasing production cost pressures for galvanizers.
- Export enquiries firmed amid regional pre-season restocking, reducing merchant inventories and supporting firmer FOB quotes.
Galvanized Plain Sheet Prices in Europe
- In Germany, the Galvanized Plain Sheet Price Index rose by 9.06% quarter-over-quarter, supported by tightened quotas.
- The average Galvanized Plain Sheet price for the quarter was approximately USD 891.00/MT, reflecting stable inventories.
- Galvanized Plain Sheet Spot Price was range-bound through March as mills balanced output and distributor stocks.
- Galvanized Plain Sheet Price Forecast signals mild firmness near-term as import checks and quotas constrain flows.
- Galvanized Plain Sheet Production Cost Trend reflected elevated electricity tariffs and firming zinc, pressuring mill margins.
- Galvanized Plain Sheet Demand Outlook shows cautious construction demand but consistent automotive and appliance procurement sustaining volumes.
- Balanced inventories and CBAM-related import delays supported the Galvanized Plain Sheet Price Index during March's neutral pricing.
- Export demand from neighbouring markets absorbed supply, while Asian arbitrage discounts capped domestic price flexibility.
Why did the price of Galvanized Plain Sheet change in March 2026 in Europe?
- Balanced domestic output and limited import arrivals maintained availability, preventing significant spot price movement in March.
- High electricity tariffs and firmer zinc costs increased conversion expenses, reducing mill margin pass-through to buyers.
- Regulatory CBAM checks and quota management delayed third-country shipments, supporting domestic offers and limiting inventory builds.
Galvanized Plain Sheet Prices in South America
- In Brazil, the Galvanized Plain Sheet Price Index fell by 4.58% quarter-over-quarter, driven by softer import parity.
- The average Galvanized Plain Sheet price for the quarter was approximately USD 660.33/MT delivered reference.
- Tight early-March buying lifted the Galvanized Plain Sheet Spot Price and nudged the national Price Index.
- Market Price Forecast signals modest volatility ahead as duties and freight adjust Galvanized Plain Sheet import economics.
- Rising coil and zinc surcharges shaped the Galvanized Plain Sheet Production Cost Trend, compressing distributor margins.
- The Galvanized Plain Sheet Demand Outlook is cautious, with construction and appliances providing uneven, seasonal offtake.
- Service-centre inventories and steady port arrivals moderated the Galvanized Plain Sheet Price Index, limiting further gains.
- Late-February anti-dumping duties raised landed offers, quickly lifting Galvanized Plain Sheet Spot Price levels noticeably.
Why did the price of Galvanized Plain Sheet change in March 2026 in South America?
- Elevated import arrivals earlier in the quarter increased supply, exerting downward pressure on landed parity.
- Freight declines and currency swings lowered landed costs, while occasional duty actions reversed parity economics.
- Demand recovery from construction and appliances tightened spot availability in March, supporting modest short-term price strengthening.
For the Quarter Ending December 2025
Galvanized Plain Sheet Prices in North America
- In the USA, the Galvanized Plain Sheet Price Index fell by 0.80% quarter-over-quarter, reflecting inventory overhang.
- The average Galvanized Plain Sheet price for the quarter was approximately USD 1285.00/MT, assessed delivered.
- Galvanized Plain Sheet Spot Price remained range-bound as balanced supply and mill output limited upside.
- Galvanized Plain Sheet Price Forecast indicates modest volatility as mill list increases meet subdued demand.
- Galvanized Plain Sheet Production Cost Trend shows firmer coil and zinc premiums raising conversion costs.
- Galvanized Plain Sheet Demand Outlook remains mixed as automotive restocking offsets weaker construction-related procurement activity.
- Service-centre inventories and limited exports kept the Galvanized Plain Sheet Price Index range-bound, capping upside.
- Producer discipline, steady mill utilisation and managed quoting prevented aggressive spot cuts, maintaining consistent regional availability.
Why did the price of Galvanized Plain Sheet change in December 2025 in North America?
- Elevated service-centre inventories and constrained export outlets increased domestic oversupply, suppressing December pricing and liquidity.
- Firmer coil and zinc premiums raised production costs, limiting mills' incentive for deeper spot reductions.
- Selective year-end procurement and automotive restocking improved demand, but construction weakness constrained broader price recovery.
Galvanized Plain Sheet Prices in APAC
- In South Korea, the Galvanized Plain Sheet Price Index fell by 8.10% quarter-over-quarter, amid weaker construction, exports.
- The average Galvanized Plain Sheet price for the quarter was approximately USD 794.00/MT, reflecting muted demand.
- Galvanized Plain Sheet Spot Price stayed range-bound on Busan offers, limited by steady mill runs.
- Galvanized Plain Sheet Production Cost Trend eased as zinc premia softened, relieving mill conversion pressures.
- Galvanized Plain Sheet Demand Outlook is mixed: resilient automotive offtake contrasts with subdued construction activity.
- Galvanized Plain Sheet Price Forecast suggests modest monthly swings as exporters, domestic buyers recalibrate procurement.
- Galvanized Plain Sheet Price Index reflects a persistent 12-week bearish drift despite occasional weekly stabilisations.
- Mill operating rates remained near nameplate, port inventories lean, and export enquiries provided intermittent support.
Why did the price of Galvanized Plain Sheet change in December 2025 in APAC?
- Holiday-affected restocking and weak construction demand reduced immediate offtake, pressuring December prices across domestic market.
- Lower zinc premia and improved logistics trimmed costs, allowing mills to slightly cut FOB offers.
- EU quota shifts and varied export enquiries redirected volumes, influencing export flows and domestic pricing.
Galvanized Plain Sheet Prices in Europe
- In Germany, the Galvanized Plain Sheet Price Index rose by 2.68% quarter-over-quarter, tight supplies domestically.
- The average Galvanized Plain Sheet price for the quarter was approximately USD 817.00/MT Q4 2025.
- Galvanized Plain Sheet Spot Price firmed as import flows slowed, prompting service-centres to lift offers.
- Galvanized Plain Sheet Price Forecast suggests modest volatility through winter amid destocking and selective restocking.
- Galvanized Plain Sheet Production Cost Trend shows higher energy and zinc costs, pressuring margins now.
- Galvanized Plain Sheet Demand Outlook steady with automotive restocking and renewable infrastructure demand supporting coil purchases.
- Galvanized Plain Sheet Price Index sensitivity reflects inventories, export demand shifts and EU quota impacts.
- Major Ruhr mill maintenance and energy curtailments tightened availability, supporting offers and stabilising spot sentiment.
Why did the price of Galvanized Plain Sheet change in December 2025 in Europe?
- EU quota utilization and tight allocations reduced imports, tightening December supply and elevating offers.
- Higher energy tariffs and rising LME zinc elevated production costs, pressuring galvanizer margins, pricing.
- Reduced imports, mill maintenance and logistics frictions made service-centres cover shortages, tightening spot availability.
Galvanized Plain Sheet Prices in in South America
- In Brazil, the Galvanized Plain Sheet Price Index fell by 0.29% quarter-over-quarter, driven by imports.
- The average Galvanized Plain Sheet price for the quarter was approximately USD 692.00/MT, CFR Santos.
- Galvanized Plain Sheet Spot Price weakened in December as coastal inventories rose, mill offers softened.
- Galvanized Plain Sheet Price Forecast suggests downside as quota duties may moderate future import flows.
- Galvanized Plain Sheet Production Cost Trend eased as coil and zinc costs fell, compressing margins.
- Galvanized Plain Sheet Demand Outlook remains weak; construction, automotive procurement slowed by high financing costs.
- Galvanized Plain Sheet Price Index subdued amid freight stability, contained currency limiting landed cost swings.
- Service-centre destocking and swollen port inventories constrained bids, while some southern mills signalled temporary idling.
Why did the price of Galvanized Plain Sheet change in December 2025 in South America?
- High import arrivals near quota limits swelled domestic stocks, exerting downward pressure on prices.
- Soft construction and automotive procurement, combined with elevated Selic-driven financing costs, reduced immediate offtake.
- Stable freight and currency limited landed-cost spikes, while over-quota duty risk created import uncertainty.
Quarter Ending September 2025
North America
- In USA, the Galvanized Plain Sheet Price Index fell by 6.83% quarter-over-quarter, reflecting weaker downstream demand.
- The average Galvanized Plain Sheet price for the quarter was approximately USD 1295.33/MT, remaining muted.
- Galvanized Plain Sheet Spot Price eased, lower HRC and slightly softened delivered transactions.
- Galvanized Plain Sheet Price Forecast signals limited upside near term, inventory rebalancing weighing on rallies.
- Galvanized Plain Sheet Production Cost Trend declined as substrate and energy prices eased, narrowing margins.
- Galvanized Plain Sheet Price Index weakness reflected rising inventories, new galvanizing capacity and mill utilization.
- Export demand muted, but shipping reroutes, and freight surcharges occasionally provided limited transient price support.
Why did the price of Galvanized Plain Sheet change in September 2025 in North America?
- Elevated domestic output and galvanizing capacity additions increased availability, pressuring transaction levels and spot firmness.
- Lower hot-rolled coil and easing energy costs reduced production expenses, enabling mills to offer spot discounts.
- Service-center destocking and cautious downstream procurement amid seasonal slowdown weakened demand, constraining upward price momentum.
APAC
- In South Korea, the Galvanized Plain Sheet Price Index fell by 8.8% quarter-over-quarter, reflecting sustained bearish export diversion.
- The average Galvanized Plain Sheet price for the quarter was approximately USD 864.00/MT.
- Galvanized Plain Sheet Spot Price fluctuated within a narrow band amid steady mill utilization and balanced domestic feedstock availability.
- Galvanized Plain Sheet Production Cost Trend remained flat as zinc and energy inputs showed limited movement during the quarter.
- Galvanized Plain Sheet Price Index weakness driven by export diversion, rising inventories and trade barriers constraining overseas offtake.
- Galvanized Plain Sheet Price Forecast indicates near-term downside risk, with short rebounds when service-centre stocks decline.
Why did the price of Galvanized Plain Sheet change in September 2025 in APAC?
- Export diversion and higher domestic inventories forced downward pressure as overseas buyers reduced Korean purchases.
- Flat conversion costs and stable zinc prices limited upside, keeping mills price offers largely unchanged.
- Logistics delays and container cost increases intermittently disrupted exports, amplifying selling back into regional markets.
Europe
- In Germany, the Galvanized Plain Sheet Price Index fell by 4.8% quarter-over-quarter, reflecting weak demand and elevated inventories.
- The average Galvanized Plain Sheet price for the quarter was approximately USD 878.00/MT.
- Galvanized Plain Sheet Spot Price showed firmness amid tighter HRC availability and muted import inflows across September.
- Galvanized Plain Sheet Price Forecast points to volatility as distributors consider restocking and mills balance output against stocks.
- Galvanized Plain Sheet Production Cost Trend remained supported by stable energy and zinc costs, limiting deeper discounts.
- Galvanized Plain Sheet Price Index movements were influenced by logistics smoothness, domestic production resilience, and seasonal buying patterns.
- Inventory overhang and export decline constrained bids, while selective mill rationing intermittently supported domestic price resilience.
Why did the price of Galvanized Plain Sheet change in September 2025 in Europe?
- Elevated inventories and softer automotive and construction demand reduced buyer willingness to accept previous price levels.
- Stable feedstock and energy costs removed cost-push support, allowing sellers to resist aggressive discounts despite weaker orders.
- Muted imports and tighter HRC availability intermittently tightened spot supply, creating short-term firmness amid broader downward pressure.
South America
- In Brazil, the Galvanized Plain Sheet Price Index rose by 1.96% quarter-over-quarter, driven by tightening import quotas.
- The average Galvanized Plain Sheet price for the quarter was approximately USD 694.00/MT, reflecting steady traded levels.
- Galvanized Plain Sheet Spot Price saw weekly swings, while the domestic Price Index stayed range-bound this quarter.
- Galvanized Plain Sheet Price Forecast indicates firmness as the Price Index responds to tightening import quotas.
- Galvanized Plain Sheet Production Cost Trend shows upward pressure from higher scrap and coil feedstock, squeezing margins.
- Galvanized Plain Sheet Price Index gains late September reflect quota exhaustion, depleted inventories and constrained imports.
- Galvanized Plain Sheet Spot Price recovery was supported by tighter coil supply, validating near-term Price Forecasts.
Why did the price of Galvanized Plain Sheet change in September 2025 in South America?
- Import quotas neared exhaustion, reducing low-cost arrivals and tightening near-term domestic galvanized sheet availability significantly.
- Rising feedstock coil and scrap costs lifted Production Cost Trend, squeezing mill margins, supporting offers.
- Service-centre inventories depleted while quota-driven import delays amplified urgency, prompting immediate buying and price spikes.
For the Quarter Ending June 2025
North America
- The Galvanized Plain Sheet Price Index in the USA increased by 5.6% quarter-over-quarter in Q2 2025. The rise was supported by stable domestic mill output and restocking demand from HVAC and construction sectors, especially in the Sun Belt.
- The Galvanized Plain Sheet Production Cost Trend remained steady. Input costs for HR coils and zinc remained unchanged, and no major disruptions were reported across U.S. flat product lines.
- The Galvanized Plain Sheet Demand Outlook strengthened marginally, with infrastructure-driven projects boosting coated steel intake. Lead times lengthened slightly in May.
- Imports remained subdued due to higher ocean freight and longer delivery timelines from Asia, allowing U.S. producers to maintain pricing power.
Why did the price of Galvanized Plain Sheet change in July 2025 in North America?
- The Galvanized Plain Sheet Spot Price in July 2025 is estimated to have remained stable after the Q2 rise, with mills holding firm offers and buyers showing measured participation.
- Demand from construction and automotive replacement remained intact, though some buyers delayed large-volume deals expecting rollover pricing.
- The Galvanized Plain Sheet Price Forecast suggests moderate stability into Q3 unless a surge in import arrivals challenges domestic mills.
- The Galvanized Plain Sheet Demand Outlook stays cautiously optimistic amid ongoing housing activity and non-residential project flows.
APAC
- The Galvanized Plain Sheet Price Index in South Korea declined by 13.1% quarter-over-quarter in Q2 2025. The drop was led by oversupply, weaker domestic appliance production, and reduced exports to ASEAN and the EU.
- The Galvanized Plain Sheet Production Cost Trend declined marginally due to cheaper zinc coating inputs and reduced hot-rolled coil prices domestically.
- The Galvanized Plain Sheet Demand Outlook weakened further, particularly from the white goods and shipbuilding sectors. Several OEMs delayed procurement amid low end-use demand.
- Export orders declined as South Korean mills faced pricing pressure from Chinese-origin shipments in Southeast Asia.
Why did the price of Galvanized Plain Sheet change in July 2025 in South Korea?
- The Galvanized Plain Sheet Spot Price in July 2025 is projected to have softened slightly further as mills resorted to aggressive export offers to clear inventories.
- Domestic consumption failed to pick up, while traders awaited a clearer sign of recovery in Chinese demand before entering restocking cycles.
- The Galvanized Plain Sheet Price Forecast points to continued weakness unless capacity cuts are announced or restocking begins in ASEAN.
- The Galvanized Plain Sheet Demand Outlook remains subdued, with OEMs prioritizing low inventory positions and flexible ordering terms.
Europe
- The Galvanized Plain Sheet Price Index in Germany increased by 6.4% quarter-over-quarter in Q2 2025. The uptick came as regional mills benefited from reduced Asian imports and strong automotive sector restocking.
- The Galvanized Plain Sheet Production Cost Trend was stable, with input costs for zinc and HR coils balanced by steady energy pricing across the EU.
- The Galvanized Plain Sheet Demand Outlook showed modest recovery, led by automotive, HVAC, and engineering segments. German mills gradually regained pricing control by Q2 end.
- Import volumes from Turkey and India shrank, helping EU suppliers widen margins.
Why did the price of Galvanized Plain Sheet change in July 2025 in Germany?
- The Galvanized Plain Sheet Spot Price in July 2025 is estimated to have held firm, with mills targeting rollover pricing after the Q2 gain.
- Order volumes from automotive OEMs remained strong, though construction-related demand was flat.
- The Galvanized Plain Sheet Price Forecast signals mild upside risk if Turkish supply tightens further or if downstream demand continues to stabilize.
- The Galvanized Plain Sheet Demand Outlook holds moderate strength across manufacturing clusters in Germany, Austria, and the Netherlands.
South America
- The Galvanized Plain Sheet Price Index in Brazil decreased by 5.3% quarter-over-quarter in Q2 2025. The decline was driven by weak civil construction activity, seasonal demand lull, and excess inventory from Q1.
- The Galvanized Plain Sheet Production Cost Trend saw minimal change. Domestic production stayed consistent, but mill utilization dropped in May due to lower intake.
- The Galvanized Plain Sheet Demand Outlook remained soft. Retail distribution networks slowed replenishment cycles amid uncertain project pipelines.
- Import competition from Asia increased slightly, weighing on domestic transactional values.
Why did the price of Galvanized Plain Sheet change in July 2025 in Brazil?
- The Galvanized Plain Sheet Spot Price in July 2025 likely declined marginally as mills adjusted to weak seasonal demand and slower sales turnover.
- Inventory levels at distributors remained high, limiting immediate restocking interest even at reduced prices.
- The Galvanized Plain Sheet Price Forecast points to continued weakness into early Q3 unless stimulus measures support construction and manufacturing activity.
- The Galvanized Plain Sheet Demand Outlook stays limited, with broader macroeconomic indicators showing sluggish industrial growth.
