CRU: Recovery in Galvanized Steel Sheet Output to Slow

By CRU Analyst Tanya Bhaiji, from CRU’s Steel Sheet Products Monitor, Nov. 29

Galvanized sheet is the biggest first use for refined zinc, constituting around 30% of total refined zinc demand in 2020. The majority of galvanized sheet is consumed in end-use sectors such as construction and automotive while a smaller percentage is also consumed in consumer durables, other engineering, and transportation infrastructure. To estimate the zinc contained in galvanized sheet, we combine the steel sheet output numbers from our Steel Sheet team, along with assumptions related to the percentage of zinc contained per tonne of steel sheet. In absolute terms, galvanized sheet totaled 4.1 Mt of global refined zinc demand in 2020. In this insight, we explore the galvanized sheet sector, looking at how the recovery from COVID-19 has affected output and the outlook going forward.