India
China
United States
United KingdomAccording to PriceWatch, in Q2 2025, hot-dipped galvanised coil (HDG) prices in China declined from $627 per metric ton in Q1. They fell to $600 per metric ton in Q2. This represents a 4.31% decrease quarter-on-quarter. This downward movement is primarily attributed to weak domestic demand, sluggish export activity, and ongoing macroeconomic uncertainty.
According to the PriceWatch, In Q2 2025, hot-dipped galvanised coil (HDG) prices in China declined from $627 per metric ton in Q1 to $600 per metric tonne in Q2, down 4.31% Q-o-Q. This downward movement is primarily attributed to weak domestic demand, sluggish export activity, and ongoing macroeconomic uncertainty.
The Chinese steel market has struggled with limited interest from foreign buyers and a depreciating yuan, which has reduced purchasing power across Asia. Although there was a brief uptick in prices before the Chinese New Year due to stockpiling and a recovery in raw material costs, the market failed to sustain this momentum post-holiday.
As a result, traders remained cautious, and prices continued to face downward pressure. Looking forward, gradual demand recovery is expected, especially in the construction sector, but global trade tensions and potential anti-dumping investigations may continue to restrict China’s export opportunities, keeping prices subdued.
The United States saw HDG coil prices increase of 1.55% in Q2. This rise is driven by a combination of trade restrictions, supply constraints, and strategic price hikes by domestic mills.
In February, U.S. producers such as U.S. Steel and Nucor implemented multiple rounds of price increases, citing higher scrap and raw material costs as well as the need to reestablish the pricing spread between hot-rolled and coated products.
Impending tariffs and supply limitations led to pre-emptive buying, even as end-user demand remained somewhat sluggish. The market’s bullish sentiment was further reinforced by these supply-side factors, allowing mills to push through higher prices despite some buyer resistance.
In the UK, HDG coil prices rose by 3.63% in Q2. The price increase, though moderate, occurred against a backdrop of weak demand and cautious buyer sentiment. Mills became more willing to lower prices to secure sales due to sluggish activity, but overall, the market saw only modest gains.
Uncertainties around trade measures, particularly the implementation of the Carbon Border Adjustment Mechanism (CBAM), led buyers to be more cautious, but domestic producers managed to achieve incremental price increases by limiting supply and leveraging regulatory changes.
In Q1 2025, the Hot Dipped Galvanized Coil (HDG) market saw price increases across the UK, USA, India, and China compared to Q4 2024. In China, HDG prices rose to a range to USD 627/MT in Q1 2025, as against USD 626/MT in last quarter supported by a modest rebound in domestic demand and improved export activity, as buyers in Southeast Asia and Africa sought competitively priced Chinese material.
The UK and European markets experienced upward momentum, driven by tighter supply, reduced imports, and restocking by end-users. In the USA, HDG prices also strengthened, underpinned by steady demand from the construction and automotive sectors, as well as limited domestic supply and ongoing trade protection measures.
India’s HDG market followed the global trend, with prices rising on the back of robust infrastructure spending and increased activity in the automotive and appliance sectors.
In Q4 2024, Hot Dip Galvanized (HDG) Coil prices saw a decline in few markets. The market remained under pressure from an oversupply of steel and fluctuating raw material costs, which limited any substantial price recovery. In India, domestic demand, particularly from infrastructure projects, helped maintain some price stability. However, competition from imports and ongoing global trade uncertainties kept prices relatively flat. While there was some recovery in certain regions, the overall market remained cautious, impacted by continued economic concerns and imbalances between supply and demand.
In Q3 2024, prices for Hot Dip Galvanized (HDG) Coil saw a decline across major economies. Domestic HDG prices dropped by 3% in India, 10% in China, 12% in the USA, and 2% in the United Kingdom. Sluggish demand from key sectors like automotive and construction, alongside an oversupply of steel, puts significant downward pressure on prices. High interest rates continued to limit investment and financing, leading to slower economic activity and reduced industrial output.
In China, a sharp 10% decline in HDG prices was driven by weaker demand from both the construction and automotive sectors, combined with overproduction in the domestic steel market. In the US and UK, the 12% and 2% price drops were attributed to softening demand, along with logistical challenges and inventory imbalances.
In Q2 2024, global prices for Hot Dipped Galvanized (HDG) Coil saw a decline after the price fluctuations in Q1. However, regional markets exhibited varied trends, influenced by local demand, production conditions, and economic factors. The US and UK markets experienced a significant drop in HDG prices, mainly due to weaker demand, an oversupply of steel, and reduced industrial activity. Contributing factors included persistently high interest rates, which slowed investment in infrastructure and construction, along with lower production levels and a drop in crude steel manufacturing. These challenges led steelmakers to adjust their prices downward, amplifying the bearish outlook across these regions.
In Asia, prices also softened, with India seeing a modest 2% decline, driven by a slowdown in domestic demand and competitive pricing pressures from imports. In China, prices fell by 5%, as the market faced reduced demand from key sectors like construction and automotive, while steel production remained high, further contributing to the oversupply. Additionally, logistical disruptions, trade uncertainties, and fluctuating raw material costs added to market instability, affecting pricing dynamics globally. As a result, HDG steel prices faced downward pressure in several key markets during Q2 2024.
In Q1 2024, prices for Hot Dip Galvanized (HDG) steel coil fluctuated across global markets, with some regions seeing increases driven by strong demand and recovery in key sectors such as automotive and construction. However, other areas experienced price corrections due to oversupply or weaker demand. In UK, HDG prices rose by 9%, primarily due to higher energy costs, increasing raw material prices, and reduced steel production capacity. In contrast, the HDG market in India and China saw a quarterly decline during the same period.
Q1 2025 marked a turning point for the Indian HDG market, with prices stabilizing at $835/MT, a slight 0.15% increase over the previous quarter. This marginal uptick was supported by a gradual recovery in demand from the infrastructure and automotive sectors, as government spending picked up and new projects were launched.
Downstream industries began restocking in anticipation of improved business activity, and mills, having reduced inventories in prior quarters, were able to hold prices firmer. Export demand also showed early signs of improvement, with Indian HDG becoming more attractive to buyers in select markets. Overall, market sentiment turned cautiously optimistic, with expectations of further recovery in the coming quarters.
According to PrichWatch, Indian HDG coil prices increased by 3.45% from approximately $811 per metric tonne to $839 per metric tonne in Q2 2025. The quarterly price rise is influenced by steady domestic demand growth, especially from the construction and infrastructure sectors, and firm raw material costs. Indian producers benefited from relatively stable local consumption and limited import competition due to global trade uncertainties.
The depreciation of the rupee also contributed to higher USD-denominated prices, making Indian exports more competitive but raising costs for domestic buyers in dollar terms. As a result, the Indian HDG market maintained a positive pricing trajectory through Q2 2025.
HDG prices in Q1 2024 declined to $896/MT, a 1.93% drop from the previous quarter. The start of the year typically sees a slowdown in construction activity, and this was evident in reduced order volumes from infrastructure and real estate projects. The appliance and automotive sectors also saw weaker demand as consumers postponed purchases after the festive season.
Mills responded by offering discounts and flexible payment terms to stimulate buying, but overall sentiment remained subdued. Export opportunities were limited, with global buyers negotiating hard on prices due to ample supply in the international market.
In Q2 2024, prices slipped further to $877/MT, marking a 2.02% quarter-on-quarter decline. The pre-monsoon period was characterized by project delays and slower construction activity, which reduced domestic demand for HDG coils. Imports from other Asian countries increased, intensifying competition and putting additional pressure on local mills to lower prices.
Export demand remained lacklustre, as buyers in key markets like the Middle East and Africa had sufficient inventories. Mills focused on clearing stocks and maintaining cash flow, leading to a generally bearish market mood.
HDG prices dropped to $854/MT in Q3 2024, a 2.7% decline from the previous quarter. The monsoon season led to a significant slowdown in construction and infrastructure projects, which are major consumers of HDG. The automotive and appliance sectors continued to struggle with tepid demand, and mills found it challenging to clear inventories despite offering aggressive discounts. Imports remained steady, contributing to oversupply. The market was marked by cautious buying, with most transactions being need-based rather than speculative or for stock-building.
In Q4 2024, prices averaged $834/MT, falling another 2.37%. The market remained under pressure due to persistent oversupply and limited demand recovery. Mills continued to offer competitive prices to attract buyers, particularly as they aimed to reduce inventories before the financial year-end. Export opportunities were restricted by global oversupply and competitive offers from other Asian producers. Many buyers adopted a wait-and-watch approach, only committing to purchases when absolutely necessary, which kept trading volumes low, and sentiment subdued.
Molecular Weight[g/mol]
CAS No
HS Code
Molecular Formula
A Hot Dip Galvanized (HDG) coil is a type of steel product that undergoes a coating process in which steel is dipped into a bath of molten zinc. This process creates a corrosion-resistant layer on the surface of the steel, making it highly durable and suitable for outdoor and harsh environments. Unlike cold rolled or hot rolled steel, the galvanized coating provides additional protection against rust and environmental factors. The result is a product with enhanced durability, improved surface finish, and excellent corrosion resistance, making it ideal for applications in industries such as construction, automotive, and manufacturing, where both strength and long-term resistance to corrosion are crucial.
Packaging Type
Hot Dipped Galvanized Coil Grades Covered
Incoterms Used
Synonym
PriceWatch Quotation Terms:
Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.
| Property | Specification |
| Carbon Content (%) | ≤ 0.12 – 0.25 (varies slightly by grade) |
| Yield Strength (MPa)Â | 250-400Â |
| Tensile Strength (MPa)Â | 420-600Â |
| Elongation (%) | ≥ 20 – 30 (for a gauge length of 200 mm) |
| Density (g/cmÂł)Â | 7.85Â |
| Melting Point (°C) | ~1425 – 1540 |
| Thickness (mm)Â | 0.3 – 6.0 (common range, varies by supplier)Â |
| Width (mm)Â | 600 – 2100Â |
| Modulus of Elasticity (GPa)Â | 200Â |
Hot Dipped Galvanized Coil Industrial Applications
Automotive Industry: manufacturing parts that require both strength and corrosion resistance, such as chassis, body panels, bumpers, and exhaust systems.
Construction: beams, columns, roofing sheets
Agriculture: agricultural equipment, fencing, and storage structures
Electrical Equipment: production of electrical enclosures, power transmission towers, and other equipment that require both structural strength and protection against corrosion.
These events underscore the HDG market’s vulnerability to global disruptions and highlight the need for continuous monitoring of supply-demand dynamics.
PriceWatch is your trusted resource for tracking global hot dipped galvanized coil price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the hot dipped galvanized coil market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, PriceWatch keeps you fully informed of market dynamics.
In addition, PriceWatch provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With PriceWatch, you gain a competitive edge in understanding all the elements that influence hot dipped galvanized coil prices worldwide. Stay ahead of the curve with PriceWatch’s reliable, accurate, and timely hot dipped galvanized coil market data.
Track PriceWatch's hot dipped galvanized coil price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.
This research methodology ensures that PriceWatch delivers the most accurate, timely, and actionable HDG pricing assessments, helping our clients stay ahead of market trends and make informed business decisions.
Molecular Weight[g/mol]
CAS No
HS Code
Molecular Formula
A Hot Dip Galvanized (HDG) coil is a type of steel product that undergoes a coating process in which steel is dipped into a bath of molten zinc. This process creates a corrosion-resistant layer on the surface of the steel, making it highly durable and suitable for outdoor and harsh environments. Unlike cold rolled or hot rolled steel, the galvanized coating provides additional protection against rust and environmental factors. The result is a product with enhanced durability, improved surface finish, and excellent corrosion resistance, making it ideal for applications in industries such as construction, automotive, and manufacturing, where both strength and long-term resistance to corrosion are crucial.
Packaging Type
Grades Covered
Incoterms Used
Synonym
PriceWatch Quotation Terms:
Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.
| Property | Specification |
| Carbon Content (%) | ≤ 0.12 – 0.25 (varies slightly by grade) |
| Yield Strength (MPa)Â | 250-400Â |
| Tensile Strength (MPa)Â | 420-600Â |
| Elongation (%) | ≥ 20 – 30 (for a gauge length of 200 mm) |
| Density (g/cmÂł)Â | 7.85Â |
| Melting Point (°C) | ~1425 – 1540 |
| Thickness (mm)Â | 0.3 – 6.0 (common range, varies by supplier)Â |
| Width (mm)Â | 600 – 2100Â |
| Modulus of Elasticity (GPa)Â | 200Â |
Applications
Automotive Industry: manufacturing parts that require both strength and corrosion resistance, such as chassis, body panels, bumpers, and exhaust systems.
Construction: beams, columns, roofing sheets
Agriculture: agricultural equipment, fencing, and storage structures
Electrical Equipment: production of electrical enclosures, power transmission towers, and other equipment that require both structural strength and protection against corrosion.
The pricing of Hot Dipped Galvanized (HDG) Coil is influenced by a combination of raw material costs, processing inputs, market dynamics, and external economic factors.
PriceWatch, a leading procurement intelligence firm, offers a comprehensive suite of tools and services to help you effectively track commodity prices.
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Expert Analysis: Insights from industry experts to interpret market trends and identify potential risks.
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Supplier Intelligence: Detailed information on suppliers, including their financial health, production capacity, and sustainability practices.
