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Hot Dipped Galvanized (hdg) Coil Price Trend and Forecast

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  • Commodity Pricing

hot dipped galvanized (hdg) coil Price Trends by Country

inIndia
cnChina
usUnited States
gbUnited Kingdom

Global hot dipped galvanized (hdg) coil Spot Market Prices, Trend Analysis and Forecast

Price-Watch’s most active coverage of Hot Dipped Galvanized Coil price assessment:

  • DX51D+Z 1mm FD Sheffield, United Kingdom
  • IS513 – 0.5mm EX-Mumbai, India
  • A653M 1.0mm EX Alabama, USA
  • DX51D 1mm FOB Shanghai, China

Hot Dipped Galvanized (HDG) Coil Price Trend Q3 2025

In the third quarter of 2025, the global market for Hot Dipped Galvanized coils remained under pressure, as demand has slowed in key consuming sectors and competitive imports have weighed on domestic pricing in many parts of the world. China saw only a modest decline, supported by infrastructure activity, while India saw the largest decline due to heavy competition from imports, and weak demand from manufacturing.

The USA and UK saw moderate prices of contracts, in line with conservative purchasing behavior and softened construction activity. Many HDG coil markets witnessed further modest price declines by September 2025, as cautious re-stocking, weak sentiment, and expectations of continued weakness approaching the final quarter of the year took hold.

China

Hot Dipped Galvanized Coil Export prices FOB Shanghai, China, Grade- SS400 2mm.

In China, the prices of hot dipped galvanized (HDG) coil decreased by 0.66% during Q3 2025, due to moderate demand pressure in key end-markets, such as construction, appliances, and automotive. While stabilizing government-led infrastructure activity eased the drop further, weakening export demand, steady production levels, and mills willing to offer competitive offers to protect market share, kept prices from moving higher.

According to Price-Watch, in China, Hot Dipped Galvanized (HDG) coil prices in September 2025 also eased by 0.7% as seasonal consumption tapered and downstream buyers took a cautious approach to purchase, with the potential for further price movement in the short term.

India

hot dipped galvanized (HDG) coil Domestic Prices Ex-Mumbai, India, Grade- IS513 – 0.5mm.

In India, Hot dipped galvanized (HDG) coil price trend began on a downward trajectory in Q3 2025, with a quarter-over-quarter decline of 3.55%. This decline reflected some weakness in domestic consumption in the automotive, construction, and white goods sectors, as well as firm competition with Asian producers supplying material at a lower price.

The consistent production rates and supplies at major mills contributed to more than adequate available supply, which forced members to adjust prices downward in order to remain relevant in sales. According to Price-Watch, in India, Hot dipped galvanized (HDG) coil prices fell another 0.5% during September 2025 as buyers began to reduced order size and put off purchasing, as weak steel sentiment continued through steel buyers while expecting potentially greater discounts.

USA

Hot Dipped Galvanized Coil Domestic Prices Ex-Alabama, USA, Grade- A653M 1.0mm.

The hot dipped galvanized (HDG) coil price trend in the USA fell by 0.50% in Q3 2025, primarily due to muted demand from manufacturing and construction sectors combined with easing input costs. Imports from competitive origins pressured domestic prices, while service centers focused on destocking to manage inventory cycles.

Limited infrastructure activity and shortening mill lead times reflected the weaker buying environment. Hot dipped galvanized (HDG) coil prices in the USA slid by 0.7% in September 2025 as OEMs and distributors maintained conservative stocking levels, relying more on short-term purchase planning amid uncertain economic conditions.

UK

Hot Dipped Galvanized Coil Domestic Prices FD Sheffield, UK, Grade- DX51D+Z 1mm.

The hot dipped galvanized (HDG) coil price trend in the UK declined by 1.88% in Q3 2025, weighed down by sluggish demand from automotive and construction applications and increased import pressure from Europe. Domestic producers, facing high operating costs, were compelled to lower prices to stay competitive.

Export opportunities remained muted due to weaker global demand and currency fluctuations impacting trade competitiveness. Hot dipped galvanized (HDG) coil prices in the UK decreased by 0.4% in September 2025, as the market saw little improvement in consumption, and buyers continued cautious procurement to avoid excess stock ahead of year-end.

Hot Dipped Galvanized (HDG) Coil Price Trend Analysis: Q2 2025

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.

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.

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.

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.

Hot Dipped Galvanized (HDG) Coil Price Trend Analysis: Q4 2024

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 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.

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.

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 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 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.

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.

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.

Technical Specifications of Hot Dipped Galvanized (hdg) Coil Price Trends

Product Description

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.

Identifiers and Classification:

  • HS Code – 721049


Hot dipped galvanized Synonyms:

  • Hot Dip Galvanized Coil (HDG Coil)
  • Galvanized Steel Coil
  • GI Coil
  • Zinc-coated Steel Coil
  • Galvanneal Coil
  • ASTM A653 Galvanized Steel Coil
  • HDG


Hot dipped galvanized Coil Grades Specific Price Assessment:

HDG DX51D 1mm Price Trend

HDG DX51D+Z 1mm Price Trend

HDG IS513 – 0.5mm mm Price Trend

HDG A653M 1.0mm price Trend


Hot dipped galvanized Coil Global Trade and Shipment Terms

  • Quotation Terms (Product & Country Specific): 15-18 MT
  • Packaging Type (Product & Country Specific): Container


Incoterms Referenced in Hot dipped galvanized Coil Price Reporting

Shipping Term  Location  Definition 
FOB Shanghai  Shanghai, China  HDG Export price from China 
EX Alabama  Alabama, USA  Domestically Traded HDG price in USA 
FD Sheffield  Sheffield, UK  Domestically Traded HDG price in UK 
EX-Mumbai  Mumbai, India  Domestically Traded HDG price in India 

*Quotation Terms refers to the quantity range specified for the HDG being quoted or offered in a commercial transaction.

**Packaging Type refers to standard packaging size commonly used for HDG packing, ease of handling, transportation, and storage in industrial and commercial applications.

Key HDG Coil Manufacturers

Manufacturers 
China Baowu Steel Group   
ArcelorMittal   
Nippon Steel Corporation   
POSCO Holdings   
JFE Steel Corporation   
Tata Steel Group   
Shagang Group   
HBIS Group   

Hot Dipped Galvanized (hdg) Coil Industrial Applications

hot dipped galvanized coil market share end use

Historically, several events have caused significant fluctuations in Hot Dipped Galvanized (hdg) Coil prices

  • Impact on Investment and Financing: Elevated interest rates globally, particularly in major economies like the U.S. and Europe, made financing more expensive for businesses.
  • Global Supply Chain Disruption (2022): The war in Ukraine and other geopolitical tensions disrupted supply chains, leading to price volatility in various commodities, including HDG.
  • COVID-19 Pandemic (2019-2020): The global pandemic led to a significant decline in demand for HDG-intensive industries, such as steelmaking and automotive manufacturing, causing prices to plummet.
  • Global Economic Downturn (2019-2020): The global economic slowdown, particularly in sectors like steel and automotive, led to reduced demand for HDG, resulting in lower prices.

These events underscore the HDG market’s vulnerability to global disruptions and highlight the need for continuous monitoring of supply-demand dynamics.

Why PriceWatch?

PriceWatch is your trusted resource for tracking global hot dipped galvanized (hdg) 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 (hdg) 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 (hdg) coil prices worldwide. Stay ahead of the curve with PriceWatch’s reliable, accurate, and timely hot dipped galvanized (hdg) coil market data.

Track PriceWatch's hot dipped galvanized (hdg) 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.

Data Collection and Sources​

  • Real-Time Market Data: PriceWatch aggregates real-time pricing data from a diverse range of sources, including global commodity exchanges, industry reports, and proprietary databases. This ensures that our assessments reflect the most current market conditions.
  • On-the-Ground Intelligence: Our team gathers insights directly from key market participants, including producers, suppliers, traders, and end-users, across major HDG production hubs. This ground-level intelligence is crucial for understanding localized market dynamics.
  • Supply Chain Monitoring: We track the entire HDG supply chain, from raw material availability to production and distribution channels. This includes monitoring feedstock prices, production capacities, and transportation logistics.

Event Tracking and Impact Analysis​

  • Geopolitical Tensions: PriceWatch continuously monitors global geopolitical developments, such as conflicts or trade disputes, which can significantly impact HDG prices. Our analysis includes potential disruptions to supply chains and their immediate and long-term effects on pricing.
  • Natural Disasters and Climate Events: We assess the impact of natural disasters, such as hurricanes or winter storms, on HDG production facilities, particularly in vulnerable regions like the APAC coasts. These events are factored into our price forecasts and supply outlooks.
  • Economic Shifts: PriceWatch evaluates macroeconomic trends, including global economic growth, inflation rates, and sector-specific demand (e.g., automotive, packaging, to predict shifts in HDG demand and corresponding price movements.

Production Capacity and Supply Analysis

  • Current Production Monitoring: We maintain a comprehensive database of global HDG production facilities, tracking their operational status, maintenance schedules, and output levels. This allows us to assess current supply availability accurately.
  • Future Capacity Projections: Our research includes detailed forecasts of upcoming HDG production capacities, factoring in new plant constructions, expansions, and technological advancements. This helps in predicting future supply trends and potential price stabilization.

Demand Forecasting

  • Sectoral Demand Analysis: PriceWatch provides an in-depth analysis of demand trends across key sectors, including packaging, automotive, and construction. We track year-on-year demand growth and project future consumption patterns based on economic indicators and industry developments.
  • Global Demand Dynamics: Our methodology considers regional demand variations and how they influence global HDG pricing. This includes understanding the impact of shifts in manufacturing bases, trade policies, and environmental regulations.

Pricing Model Development

  • Dynamic Pricing Models: PriceWatch utilizes advanced econometric models to forecast HDG prices, incorporating real-time data, historical trends, and projected market conditions. Our models are continuously refined to enhance accuracy and predictive power.
  • Scenario Analysis: We conduct scenario-based assessments to evaluate potential future market conditions. This includes best-case, worst-case, and most-likely scenarios, helping our clients prepare for a range of market outcomes.

Reporting and Client Support

  • Comprehensive Reports: Our clients receive detailed reports that include current price assessments, future price forecasts, and in-depth analysis of market drivers. These reports are designed to be actionable, providing clear insights and recommendations.
  • Ongoing Support: PriceWatch offers continuous updates and personalized support to our clients, ensuring they have the most up-to-date information to make informed decisions. Our experts are available to discuss specific market developments and provide tailored advice.

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.

Hot Dipped Galvanized (hdg) Coil Market Price Trend provided by PriceWatch is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for hot dipped galvanized (hdg) coil. PriceWatch disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.

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.

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Some of the key benefits of using PriceWatch include:

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Supplier Intelligence: Detailed information on suppliers, including their financial health, production capacity, and sustainability practices.

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