The main raw material for PPGI is galvanized steel, which consists of zinc and steel. Fluctuations in the price of zinc affect the cost of PPGI, while changes in demand from the construction and manufacturing industries also affect the price of PPGI. The price of PPGI is expected to increase by 3-8% in 2025 as raw material costs rise and green demand increases.
PPGI Steel Price Influencing Factors
Zinc stockpiles, changes in supply and demand, trade environment, and upgrades in plating technology are the core factors in the price of PPGI steel.
Raw material price volatility
- Zinc accounts for 40% of PPGI’s cost, with a price of 2,800-3,200/t in 2024 and expected to rise by 3%-5% in 2025. In addition, due to China’s crude steel production capacity regulation, the cold-rolled coil (CR) cost will rise by 2%-5%.
Supply & Demand
- Construction: Demand for PPGI for roofing and walling is rising.
- New energy sector: rising demand for PPGI and zinc for photovoltaic mounts, electric vehicle charging piles, and other applications.
Policy and Trade Environment
- Due to environmental taxes, anti-dumping duties, and other reasons, the cost of PPGI has increased, and the price of PPGI may increase by 5%-8% in specific markets.
Technology Substitution and Upgrading
- Rising demand for high value-added products and high product premiums.
- Potential impact of lightweight materials such as aluminum and magnesium alloys on PPGI market share.
PPGI Price Forecast 2025
| Region | Average price, 2024 ($/t) | Forecast 2025 ($/t) | Rise |
| China exports | 950-1,200 | 1,000-1,300 | +5% |
| Europe | 1,300-1,600 | 1,400-1,750 | +7% |
| Southeast Asia | 900-1,100 | 950-1,150 | +3% |
| North America | 1,400-1,700 | 1,450-1,750 | +3% |
Historical Price Trends for Global PPGI (2020-2023)
| Particular year | Average price of China’s exports (USD/ton) | European market average price (USD/ton) | North America Market Average Price (USD/Ton) | Southeast Asia Market Average Price (USD/Ton) |
| 2020 | 800–950 | 1,100–1,300 | 1,200–1,400 | 750–900 |
| 2021 | 950–1,100 | 1,300–1,500 | 1,400–1,600 | 850–1,000 |
| 2022 | 1,000–1,250 | 1,400–1,700 | 1,500–1,800 | 900–1,100 |
| 2023 | 950–1,200 | 1,300–1,600 | 1,400–1,700 | 900–1,100 |
PPGI Purchasing Strategy
- If you have stable purchasing needs, to avoid the cost increase caused by price fluctuation, you can deal with it from several aspects.
- Establish long-term cooperation with reliable PPGI suppliers.
- Diversify your purchasing needs by dividing them into multiple parts to be undertaken by PPGI suppliers from different countries.
- Purchase cold rolled steel coils as raw material and commission a factory to perform the coating process.
- Multi-modal transportation, choosing the most cost-effective mode of transportation.
