Metal Materials Industry Update: The latest market trends of Galvalume steel, galvanized steel, color-coated steel sheets and aluminum coils
Metal Materials Market Report for the Third Quarter of 2024
1.The global demand for Galvalume Steel has soared, and the new energy sector has become a new growth point
According to the latest data from the International Iron and Steel Institute, global demand for Galvalume steel is expected to reach 8.5 million tons in 2024, representing a year-on-year growth of 15%. It is particularly worth noting that the order volume of Galvalume steel for photovoltaic brackets and energy storage facilities has increased by 40% compared with the same period last year. Industry experts point out that the excellent weather resistance of its 55% aluminum-zinc alloy coating makes it an ideal choice for new energy infrastructure.
2.The price of Galvanized Steel has stabilized, and the Southeast Asian market has performed outstandingly
Data from the London Metal Exchange shows that the spot price of galvanized steel has remained stable over the past three months, maintaining within the range of $780- $810 per ton. Due to the concentrated launch of infrastructure construction projects in Southeast Asia, the import volume of galvanized steel increased by 23% year-on-year. A large-scale bridge project in Vietnam recently purchased 25,000 tons of galvanized steel for the construction of the main structure.
3. The innovative technology of color-coated steel sheets leads the new trend in architecture
The latest trends in the construction industry show that the market share of nano-coated color-coated steel sheets with self-cleaning functions has increased to 35%. In a recently released plan by a well-known international architectural firm, it specifically designated the use of PVDF-coated color-coated steel sheets with a 30-year warranty. Industry insiders predict that the global color-coated steel sheet market size will exceed 30 billion US dollars by 2025.
4. The application of aluminum coils in the field of new energy vehicles continues to expand
With the growth in demand for automotive lightweighting, the order volume of 6016 aluminum alloy coils has reached a record high. Tesla's latest supply chain list shows that its purchase volume of aluminum coils for car door panels has increased by 65% year-on-year. The price of 2024-T3 Aluminum Coil for aviation remains at a high level of $3,200- $3,400 per ton.
