Steel fell to 3,086 CNY/T on July 11, 2025, down 0.61% from the previous day. Over the past month, Steel's price has risen 5.22%, but it is still 6.46% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Steel - values, historical data, forecasts and news - updated on July of 2025.

Explore the factors influencing galvanized steel prices, including supply and demand dynamics, raw material costs, production expenses, global economic conditions, and trade policies. Stay informed on how these variables impact pricing and where to find the latest market data.

Explore the factors influencing galvanized steel prices, including demand-supply dynamics, raw material costs, and global economic conditions. Understand historical and current trends through a detailed price chart analysis, highlighting impacts from global trade tensions, COVID-19, and geopolitical events.

Get the latest insights on price movement and trend analysis of Galvanized Sheet in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Graph and download economic data for Producer Price Index by Industry: Steel Wire Drawing: Steel Wire, Including Galvanized and Other Coated Wire (PCU3312223312225) from Jan 1967 to May 2025 about wired, steel, PPI, industry, inflation, price index, indexes, price, and USA.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Cold Rolled Steel Sheet and Strip (WPU101707) from Jun 1982 to May 2025 about steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

The Hot Dipped Galvanised Coil (HDG) market in North America showed strong momentum in Q1 2025, closing the quarter at a price of USD 1,487/MT for HDG (1 mm) delivered in Illinois. This marks an increase from Q4 2024, signalling a positive shift for market participants as optimism regarding recovery in construction and manufacturing sectors takes hold. Throughout Q1, prices exhibited a notable upward trend, with a 2.5% rise in February and again in March, buoyed by increased raw material costs and growing demand.

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Galvanized Steel Market Size 2025-2029

The galvanized steel market size is forecast to increase by USD 51.9 billion at a CAGR of 5.2% between 2024 and 2029. The market is experiencing significant growth, driven by the robust economic expansion in China and India.

Major Market Trends & Insights

APAC dominated the market and accounted for a 74% share in 2023.
The market is expected to grow significantly in Europe region as well over the forecast period.
Based on the Type, the hot-dip galvanized steel segment led the market and was valued at USD 117.60 billion of the global revenue in 2023.
Based on the Product, the sheets and strips segment accounted for the largest market revenue share in 2023.

Market Size & Forecast

2024 Market Size: USD 180.70 Billion
Future Opportunities: USD 51.9 Billion
CAGR (2024-2029): 5.2%
APAC: Largest market in 2023

In the dynamic and intricate world of construction materials, galvanized steel continues to hold a prominent position. This metal, known for its durability and resistance to corrosion, is a popular choice for various applications due to its elongation properties and certification processes. Galvanized steel distribution networks ensure the smooth flow of this essential material, while warehousing and logistics optimize its availability. The certification process, a crucial aspect of the market, guarantees the quality and safety of galvanized steel products. Galvanized steel's lifespan is significantly extended by its protective zinc-aluminum coating, which undergoes rigorous inspection during production. Galvanized steel's adaptability and strength make it a preferred choice for businesses seeking optimal performance and value.

What will be the Size of the Galvanized Steel Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The installation process requires careful attention to thickness and hardness, while maintenance and repair are essential for maintaining optimal performance. Applications for galvanized steel span across industries, from infrastructure to transportation, and its light weight makes it an attractive option for construction projects. Galvannealed steel, a variation of galvanized steel, offers enhanced durability. Galvanized steel's production process is continually evolving, with advancements in technology leading to improved efficiency and sustainability. The market's focus on safety and testing ensures that only high-quality products reach consumers. Replacement of older, less durable materials with galvanized steel is a common trend, as businesses recognize the long-term cost savings and reliability of this versatile metal. The electrical galvanized steel segment is the second largest segment of the type and was valued at USD 54.80 billion in 2023.

These countries' increasing infrastructure development and industrialization efforts are leading to a rise in demand for galvanized steel, particularly in the form of pipes, which are extensively used in the oil and gas industry. Hot-dip galvanized steel is a durable and protective coating for steel, created by immersing it in a molten zinc bath at high temperatures. This sector's expansion is a key trend, as it not only boosts the demand for galvanized steel but also offers opportunities for innovation and technological advancements. However, the market faces challenges due to the volatility in raw material prices, which significantly impacts the manufacturing cost of galvanized steel.

This price instability can create uncertainty for market participants and necessitates effective risk management strategies. Companies seeking to capitalize on the market's growth potential while navigating these challenges must focus on optimizing their supply chains, exploring alternative raw material sources, and implementing price hedging strategies. By staying agile and responsive to market dynamics, they can effectively capitalize on the opportunities presented by the expanding market. This material's durability and resistance to corrosion make it a preferred choice for transporting oil and natural gas.

How is this Galvanized Steel Industry segmented?

The galvanized steel industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Hot-dip galvanized steel
  Electrical galvanized steel


Product

  Sheets and strips
  Structures
  Pipes and tubes
  Others


End-user

  Industrial
  Commercial
  Residential


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  APAC

    China
    India
    Japan
    South Korea


  South America

    Brazil


  Res

The Galvanized Steel Market size was valued at USD 98.80 USD Billion in 2023 and is projected to reach USD 147.58 USD Billion by 2032, exhibiting a CAGR of 5.9 % during the forecast period. Zinc-coated steel called galvanized steel is popular for the production of buildings, automobiles, and all kinds of home appliances where durability and being able to resist corrosion are important. Kinds include plated-in dips and electroless that provide variety. Technology innovations enable higher production rates with less waste – which means the overall environmental impact is reduced. It is an extended-use technique that increases the life span of the product, reduces maintenance and improves the structural integrity. One of the benefits herein is the high level of durability and simplicity in maintenance as well as the possibility to recycle it. This makes the material a first choice in most applications across many industries. Recent developments include: December 2023: Nippon Steel entered into an agreement to acquire U. S. Steel Corporation. The company will acquire U. S. Steel in an all-cash transaction for USD 55.00 per share. This acquisition is expected to close in the second or third quarter of 2024., October 2022: ThyssenKrupp Steel introduced a new hot-dip galvanizing line at the Dortmund location, namely FBA 10. With this introduction, the company now has two modern hot-dip galvanizing lines and reached a total production capacity of nearly 1 million metric tons per year., September 2022: Nucor Corporation has announced it is ready to construct two new flat-rolled galvanizing lines at Nucor Steel Berkeley in South Carolina and another one in western U.S. which will commence its operations in mid-2025. The company’s expansion strategy helps it expand its capabilities and grow its participation in the consumer durables and automotive markets., August 2022: Ansteel Group acquired a Benxi Steel Company. This acquisition helps Ansteel Group to expand their steel capacity to 63 mn t/year. With this acquisition, Benxi Steel Company became a second-level subsidiary of Ansteel Group. Such acquisition creates an opportunity to increase the company's share in the market., February 2022: Nucor Corporation acquired California Steel Industries, Inc. (CSI) for a cash purchase price of USD 400 million. The acquired company operates to offer cold rolled, hot rolled, oiled and pickled, galvanized and ERW pipe. Such strategic developments help Nucor Corporation to make a strong presence in the Western region.. Key drivers for this market are: Growing Product Demand from Various End-use Industries to Drive Market Growth. Potential restraints include: High Price Volatility of Raw Types to Restrain Market Growth. Notable trends are: Increasing Trend toward the Use of Electro-Galvanizing Steel in Manufacturing Electric Parts to Present Market Growth.

HRC Steel fell to 876.95 USD/T on July 11, 2025, down 0.57% from the previous day. Over the past month, HRC Steel's price has risen 1.73%, and is up 31.87% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for HRC Steel.

The global galvanized steel strips market, valued at $906 million in 2025, is projected to experience robust growth, driven by a compound annual growth rate (CAGR) of 9.5% from 2025 to 2033. This expansion is fueled by several key factors. The increasing demand for galvanized steel in construction, automotive, and appliance manufacturing sectors is a primary driver. The automotive industry's shift towards lightweight vehicles and the burgeoning construction sector in developing economies contribute significantly to this demand. Furthermore, advancements in steel production technologies, leading to improved quality and cost-effectiveness of galvanized steel strips, are also boosting market growth. The rising preference for corrosion-resistant materials in various applications further strengthens market prospects. Competitive pricing strategies adopted by major players also contribute to market expansion. However, certain challenges persist. Fluctuations in raw material prices, primarily steel and zinc, pose a significant restraint on market growth. Stringent environmental regulations regarding emissions from steel production also influence the industry's trajectory. Nevertheless, ongoing technological innovations focused on sustainable steel production and efficient resource utilization are mitigating these concerns. The competitive landscape is characterized by major players like ArcelorMittal, POSCO, and Nucor, along with several regional players, resulting in a dynamic market with continuous product innovation and diversification. The market segmentation, while not explicitly provided, likely includes variations based on strip thickness, coating type, and end-use application, each segment exhibiting distinct growth trajectories. Future growth will depend on successful navigation of raw material cost volatility and sustained innovation.

The global galvanized steel market, valued at $103,630 million in 2025, is projected to experience steady growth, exhibiting a Compound Annual Growth Rate (CAGR) of 0.6% from 2025 to 2033. This relatively modest growth reflects a mature market, where innovation and technological advancements are gradually impacting growth rather than driving explosive expansion. Key drivers include the robust construction industry, particularly in developing economies experiencing rapid urbanization and infrastructure development. Increased demand for corrosion-resistant materials in automotive manufacturing and infrastructure projects like bridges and pipelines further fuels market expansion. However, fluctuating raw material prices, particularly for steel and zinc, pose a significant restraint on market growth. Additionally, the increasing adoption of alternative materials, such as aluminum and polymer composites in certain applications, presents a challenge to the galvanized steel market's continued expansion. The market segmentation, while not explicitly provided, can be inferred to encompass various steel grades (e.g., hot-dip galvanized, electro-galvanized), end-use applications (construction, automotive, infrastructure), and geographical regions. Leading players like ArcelorMittal, Nucor, and other major steel producers are actively engaged in optimizing production processes and exploring new applications to maintain competitiveness. The forecast period (2025-2033) will likely witness a gradual increase in market size driven primarily by the continuous demand from existing sectors. While the CAGR is relatively low, consistent growth is expected due to the inherent resilience and cost-effectiveness of galvanized steel in various applications. The competitive landscape is characterized by a mix of large multinational corporations and regional players, resulting in a dynamic market with ongoing strategic alliances, mergers, and acquisitions. The future of the galvanized steel market hinges on the interplay of raw material costs, technological advancements in coating processes, and the continued growth of infrastructure projects globally. Further research into specific regional variations and detailed segmentation would provide a more granular understanding of market opportunities and challenges.

The global galvanized steel profiles market is experiencing robust growth, driven by the burgeoning construction and automotive sectors. A projected CAGR (let's assume, for illustrative purposes, a CAGR of 5% based on typical growth in related steel markets) from 2025 to 2033 suggests a significant expansion. The increasing demand for durable and corrosion-resistant materials in infrastructure projects, automobiles, and home appliances is a key factor fueling market expansion. Galvanized steel's inherent strength and cost-effectiveness make it a preferred choice over alternative materials in various applications. The market is segmented by application (construction, automotive, home appliances, and others) and type (coils, sheets, strips, wire, tubes, and others). Construction, with its large-scale projects like high-rise buildings and bridges, accounts for a substantial market share. The automotive industry also demands a significant volume of galvanized steel profiles for body parts and chassis components due to safety and durability requirements. While the market faces constraints such as fluctuating steel prices and environmental concerns related to manufacturing, ongoing technological advancements and increasing adoption of sustainable practices are mitigating these challenges. Regional growth is expected to be driven by rapid urbanization and industrialization in developing economies in Asia-Pacific and the Middle East & Africa, though North America and Europe will retain significant market share due to their established infrastructure and automotive industries. The competitive landscape includes major players such as ArcelorMittal, POSCO, Nucor, and others, all vying for market dominance. These companies are focused on expanding production capacities, diversifying product offerings, and strengthening their distribution networks to cater to the growing demand. Strategic partnerships and mergers & acquisitions are likely to shape the market dynamics in the coming years. The increasing adoption of advanced coating technologies and the rise of lightweight galvanized steel profiles are emerging trends that are further influencing the market growth. The continued focus on enhancing product quality, improving operational efficiency, and exploring new applications will be vital for success in this competitive market. We can anticipate a continued upward trajectory, driven by ongoing infrastructure development globally and the need for durable, cost-effective materials in various industries.

Get the latest insights on price movement and trend analysis of Hot Dipped Galvanized Steel in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

According to Cognitive Market Research, the global Galvanized Steel Coil market size will be USD 24152.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.20% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 9661.00 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 7245.75 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 5555.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 1207.63 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 483.05 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.
Direct sales is the dominant distribution channel in the galvanized steel coil market due to its ability to offer manufacturers more control over pricing, customer relationships, and order volumes

Market Dynamics of Galvanized Steel Coil Market

Key Drivers for Galvanized Steel Coil Market

Growing Demand for Corrosion-Resistant Materials in Construction to Boost Market Growth

The construction industry is a major driver for the galvanized steel coil market due to its increasing demand for durable and corrosion-resistant materials. Galvanized steel coils are extensively used in roofing, structural frameworks, and building facades, ensuring longevity and low maintenance costs. The rapid urbanization and infrastructure development in emerging economies further amplify the demand. Additionally, government initiatives promoting affordable housing and sustainable construction practices have bolstered the market's growth. These trends are expected to sustain the high demand for galvanized steel coils globally in the coming years. For instance, in February 2022, JFE Steel Corporation and Tohoku University jointly announced that they established the Collaborative Research Laboratory for Green Steel on February 1 to research eco-friendly steel materials and production methods for the carbon-neutral era

Rising Usage in Automotive Applications to Drive Market Growth

The automotive industry has significantly contributed to the growth of the galvanized steel coil market, driven by the need for lightweight and rust-resistant materials. Galvanized steel is widely used in vehicle body panels, chassis, and undercarriages to enhance durability and extend product life. The shift toward electric vehicles (EVs) and the increasing focus on fuel efficiency have heightened the demand for lightweight materials like galvanized steel. Moreover, innovations in coating technologies have enhanced the performance of galvanized steel in automotive applications, making it a preferred choice for manufacturers worldwide.

Restraint Factor for the Galvanized Steel Coil Market

Volatility in Raw Material Prices, will Limit Market Growth

Fluctuations in the prices of raw materials, such as steel and zinc, pose a significant challenge to the galvanized steel coil market. The global supply chain disruptions, coupled with geopolitical tensions, have further aggravated price instability. For manufacturers, rising production costs due to these fluctuations can reduce profit margins and hinder their ability to compete in the market. Additionally, end-users, particularly in cost-sensitive industries, may shift to alternative materials or delay procurement during periods of high price volatility, restraining market growth.

Impact of Covid-19 on the Galvanized Steel Coil Market

Covid-19 pandemic had a significant impact on the galvanized steel coil market, disrupting supply chains and slowing production activities across key industries such as construction, automotive, and manufacturing. Lockdowns and restrictions on industrial operations led to reduced demand for galvanized steel coils, particularly during the initial phases of the pandemic. However, as economies began to recover, there was a resurgence in infrastructure development and construction activities, boosting ...

The global galvanized steel metal rod market is experiencing robust growth, driven by the expanding construction and infrastructure sectors worldwide. This market is projected to reach a substantial value, exhibiting a Compound Annual Growth Rate (CAGR) of, let's assume, 6% between 2025 and 2033. This growth is fueled by several key factors including rising urbanization, increasing investments in infrastructure development (roads, bridges, buildings), and the inherent durability and corrosion resistance of galvanized steel, making it a preferred material for a wide range of applications. The consistent demand from commercial and residential construction projects, particularly in developing economies experiencing rapid urbanization, further contributes to market expansion. Different galvanizing processes, such as conventional hot-dip and continuous hot-dip, cater to varied application needs and budget considerations, adding another layer of market complexity. Key players in this market, including Commercial Metals Company, Nucor, and Tata Steel, are continually innovating to meet the growing demand and evolving technological requirements. However, the market also faces certain challenges. Fluctuations in raw material prices (steel and zinc) can significantly impact profitability. Furthermore, environmental concerns related to the manufacturing process, including zinc waste management, necessitate the adoption of sustainable practices by industry players. Competitive pressures and the emergence of alternative materials also present challenges to sustained growth. Nevertheless, the overall outlook for the galvanized steel metal rod market remains positive, given the long-term growth projections in construction and infrastructure, making it an attractive sector for investment and expansion. The market segmentation by application (infrastructure, commercial & residential, other) and by galvanizing process (conventional hot-dip, continuous hot-dip) provides valuable insights into the specific areas with the highest growth potential.

Explore the factors influencing galvanized steel sheet prices in 2023, including thickness, global trends, zinc content, and industry demand in construction and automotive sectors. Understand how economic conditions, raw material fluctuations, and geopolitical factors impact costs.

Galvanized Steel Market Size, Share, Forecast, & Trends Analysis by Product Type (Hot-dipped Galvanized Steel, Electro-galvanized Steel) and Application (Building and Construction, Automotive, White Goods, Shipbuilding, Other Applications) - Global Forecast to 2032

The global galvanized steel market is experiencing robust growth, driven by the increasing demand across diverse sectors. While the exact market size in 2025 is not explicitly provided, considering a plausible CAGR of 5% (a reasonable estimate given typical growth in the metals industry) and a hypothetical 2024 market size of $100 billion, the 2025 market size would be approximately $105 billion. This growth is projected to continue throughout the forecast period (2025-2033), with the CAGR potentially reaching 6% by the end of the decade, fueled by major trends like increased infrastructure development globally, expansion in the automotive and construction industries, and a growing preference for corrosion-resistant materials in various applications. The market segmentation reveals a significant share held by galvanized steel coils, sheets, and strips, largely driven by their usage in construction and automotive manufacturing. Leading players like ArcelorMittal, POSCO, and Nucor are actively shaping the market landscape through technological advancements and strategic expansions. However, fluctuating raw material prices and environmental regulations pose challenges to consistent market growth. The Asia-Pacific region, particularly China and India, is expected to dominate the market due to rapid urbanization and industrialization, while North America and Europe also contribute significantly. Despite significant growth potential, the galvanized steel market faces certain restraints. These include increasing costs of raw materials like steel and zinc, which directly impact production costs and pricing. Furthermore, stringent environmental regulations regarding emissions and waste management add to operational complexities and expenses. Geopolitical uncertainties and fluctuations in global economic growth also influence market dynamics. However, ongoing research and development in the production process aimed at improving efficiency and lowering environmental impact, along with the increasing use of galvanized steel in renewable energy infrastructure, are expected to mitigate some of these challenges and maintain a healthy market trajectory. The projected CAGR of 6% signifies a substantial expansion of the market over the forecast period, promising significant opportunities for industry participants. This comprehensive report provides an in-depth analysis of the global GA Galvanized Steel market, offering invaluable insights for businesses seeking to understand this dynamic sector. With a focus on production, consumption, and key market trends, this report leverages extensive data analysis to forecast future market growth and identify lucrative opportunities. Keywords: Galvanized Steel, Steel Coil, Steel Sheet, Steel Strip, Steel Wire, Steel Tube, Construction Steel, Automotive Steel, Home Appliance Steel, Steel Market, Steel Industry, Steel Production, Steel Price.

Explore the factors influencing the fluctuating prices of electro galvanized steel sheets, including market demand, raw material costs, and geopolitical influences. Understand the applications, coating processes, and dimensions that affect pricing, as well as current market trends that impact cost stability.