Last week, the Southeast Asian galvanized sheet market experienced varied price movements as regional demand and supply dynamics remained uneven. Industry participants closely monitored the galvanized sheet price trends, with some countries seeing slight increases while others faced downward pressure due to weaker buying interest.
The galvanized steel coil market in Southeast Asia was influenced by several factors, including fluctuating raw material costs, regional inventory levels, and mixed demand from construction and manufacturing sectors.
⇒ Vietnam & Indonesia: Reported stable to firm galvanized sheet price levels as domestic mills held offers steady amid moderate demand.
⇒ Thailand & Malaysia: Saw slight declines in galvanized coil prices due to slower procurement from downstream industries.
⇒ Philippines & Myanmar: Demand remained subdued, keeping hot-dipped galvanized sheet prices range-bound.
The zinc-coated steel sheet market continued to feel the impact of volatile zinc prices, which edged higher mid-week before retreating. Additionally, competitive import offers, particularly from China and India, kept local mills cautious in their pricing strategies.
Traders noted that pre-painted galvanized steel demand was relatively stable, supported by infrastructure projects, but overall buying sentiment for corrosion-resistant steel sheets remained cautious.
Market analysts suggest that galvanized sheet price trends in the coming weeks will depend on:
• China’s export policy shifts affecting regional supply.
• Zinc price movements influencing production costs.
• Recovery in ASEAN construction activity boosting demand.
For now, buyers are adopting a wait-and-see approach, leading to subdued trading volumes. However, any uptick in infrastructure spending could provide support to galvanized steel sheet prices in the near term.
Stay updated with the latest galvanized coil price trends and market insights for informed procurement decisions.