Galvanised Steel: Market Size & Forecast 2026

The global galvanised steel market reached approximately USD 185 billion in 2025, held in a structurally tight balance between APAC overcapacity, Section 122 and Section 301 tariff layering on US-bound flows, and the EU Carbon Border Adjustment Mechanism (CBAM) definitive regime that entered force on 1 January 2026. Hot-dip galvanised (HDG) coil, the dominant product grade at 68% of volume, prices in the order of USD 820-1050 per metric tonne regionally, with the zinc pass-through remaining the single largest cost lever. Construction absorbs 42% of end demand, automotive 24%, with the EV transition increasing per-vehicle galvanised content even as total vehicle-steel tonnes stabilise. Buyer Power Score is -2.4 on the -5.0 to +5.0 scale, reflecting concentrated upstream supply, feedstock volatility, and trade-defence layering that collectively weigh against procurement optionality. > **An

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