In the first half of 2025, galvanized sheet prices showed mixed movement across global markets. In Asia, prices saw a slight rise early in the year, supported by limited supply and cautious optimism in construction and auto demand. However, by the second quarter, higher zinc costs and weaker downstream demand, especially in infrastructure, pushed prices under pressure. Seasonal weather disruptions in South China also led to reduced construction activity, further slowing demand.
In Europe, prices gradually moved upward in Q1, helped by lower imports and producers’ efforts to raise offers. While initial demand remained weak, tight supply conditions gave prices some support. Still, Q2 brought a more cautious tone as demand from construction and automotive sectors stayed subdued. Labour shortages and slow project approvals limited stronger recovery.
In North America, prices followed a firm upward path throughout H1. Stronger manufacturing activity and construction recovery drove steady demand. Higher input costs and limited supply availability also contributed to a supportive price environment. Despite global uncertainties, sentiment in the region stayed largely positive.