Electrolytic Galvanized Steel (EG)
market study
Mar 2025
Proprietary & Confidential
EG Price movement（1）
■中国上海EG材 市中価格 推移
中国上海 EG材市中価格推移
1,250
1,150
1,050
950
最大値差
+USD433/MT
850
750
650
USD1=RMB
7.01
年/月
電気亜鉛メッキ RMB/MT
（USD換算）
20/5
5,100
728
20/6
5,150
735
20/7
5,360
765
20/8
5,725
817
20/9
6,100
870
20/10
6,410
914
20/11
6,460
922
20/12
7,050
1,006
21/1
7,500
1,070
21/2
7,650
1,091
21/3
7,700
1,098
21/4
7,700
1,098
21/5
7,700
1,098
21/6
7,900
1,127
21/7
7,850
1,120
21/8
7,900
1,127
21/9
7,800
1,113
21/10
7,750
1,106
21/11
7,550
1,077
21/12
7,250
1,034
年/月
電気亜鉛メッキ RMB/MT
（USD換算）
22/1
6,800
970
22/2
6,900
984
22/3
7,060
1,007
22/4
7,030
1,003
22/5
7,000
999
22/6
6,650
949
22/7
6,200
884
22/8
5,800
827
22/9
5,550
792
22/10
5,470
780
22/11
5,400
770
22/12
5,460
779
23/1
5,500
785
23/2
5,650
806
23/3
5,900
842
23/4
5,800
827
23/5
5,700
813
23/6
5,680
810
23/7
5,710
815
23/8
5,850
835
年/月
電気亜鉛メッキ RMB/MT
（USD換算）
23/9
5,975
852
23/10
5,950
849
23/11
5,900
842
23/12
5,900
842
24/1
5,900
842
24/2
5,900
842
24/3
5,900
842
24/4
5,800
827
24/5
5,700
813
24/6
5,700
813
24/7
5,550
792
24/8
5,450
777
24/9
5,300
756
24/10
5,450
777
24/11
5,650
806
24/12
5,650
806
25/1
5,600
799
25/2
5,500
785
25/3
5,450
777
25/4
⇒Price has been moving sideway for 1 year, at the end of Mar, price stay at about 777 USD/MT
1
Proprietary & Confidential
EG Price movement（2）
■中国 宝山材 リストプライス変動幅推移 (20年6月以降)
20年6月を起点にした場合の宝山EGリストプライスの変動幅累計
600
500
400
300
最新価格と20.6月価格
200
との最大差異
+USD494/MT
100
0
USD1=RMB 7.01
年/月
電気亜鉛メッキ RMB/MT
（USD換算）
（20年6月起点）
20/6
±0
±0
0
20/7
+200
+29
29
20/8
+100
+14
43
20/9
+260
+37
80
20/10 20/11 20/12
+200 +100 +100
+29
+14
+14
108
123
137
21/1
+500
+71
208
21/2
+700
+100
308
21/4
±0
±0
351
21/5
±0
±0
351
21/6
+350
+50
401
21/7
±0
±0
401
21/8
±0
±0
401
21/9
±0
±0
401
21/10 21/11 21/12
±0
±0
-200
±0
±0
-29
401
401
372
22/1
±0
±0
372
年/月
電気亜鉛メッキ RMB/MT
（USD換算）
（20年6月起点）
22/2
±0
±0
372
22/3
+200
+29
401
22/4
+300
+43
444
22/5
±0
±0
444
22/6
-400
-57
387
22/7
-400
-57
330
22/8
±0
±0
330
22/9
-200
-29
301
22/10 22/11 22/12
±0
+100
-100
±0
+14
-14
301
315
301
23/1
+150
+21
322
23/2
+100
+14
337
23/3
+200
+29
365
23/4
+200
+29
394
23/5
±0
±0
394
23/6
-200
-29
365
23/7
±0
±0
365
23/8
+100
+14
379
23/9
+200
+29
408
年/月
23/10 23/11 23/12
電気亜鉛メッキ RMB/MT +100
±0
+100
（USD換算）
+14
±0
+14
（20年6月起点）
422
422
437
24/1
±0
±0
437
24/2
±0
±0
437
24/3
+100
+14
451
24/4
±0
±0
451
24/5
-100
-14
437
24/6
±0
±0
437
24/9
-100
-14
422
24/10 24/11 24/12
±0
+400
±0
±0
+57
±0
422
479
479
25/1
±0
±0
479
25/2
±0
±0
479
25/3
+100
+14
494
25/4
25/6
21/3
+300
+43
351
24/7
±0
±0
437
24/8
-0
-0
437
⇒This is the study about price of Baoshan Steel, a big player. Compared to the bottom price in Jun
2020, currently the price has increased 494 USD/MT by Mar 2025
2
Proprietary & Confidential
EG Price movement（3）
■中国 EG材 輸出価格推移
中国 EG材 輸出価格推移
2,500
2,300
2,100
1,900
1,700
1,500
1,300
1,100
900
700
USD1=RMB
500
データ出所 Global Trade Atlas
年/月
輸出数量(MT)
輸出額(千USD)
単価（USD/MT)
20/7
18,132
14,766
814
20/8
18,955
16,489
870
20/9
10,438
10,078
966
20/10
12,695
12,052
949
20/11
9,272
9,257
998
20/12
11,731
13,280
1,132
21/1
11,419
12,037
1,054
21/2
10,772
11,414
1,060
21/3
11,598
12,860
1,109
21/4
23,322
27,684
1,187
21/5
14,025
23,197
1,654
21/6
26,773
40,961
1,530
21/7
30,059
43,599
1,450
21/8
33,631
45,297
1,347
21/9
21,382
29,360
1,373
21/10
38,991
52,100
1,336
21/11
16,921
24,600
1,454
21/12
19,813
30,695
1,549
22/1
20,682
27,997
1,354
22/2
16,450
20,582
1,251
年/月
輸出数量(MT)
輸出額(千USD)
単価（USD/MT)
22/3
21,233
27,367
1,289
22/4
17,527
24,485
1,397
22/5
39,198
48,522
1,238
22/6
26,357
33,447
1,269
22/7
22,027
41,957
1,905
22/8
16,914
35,293
2,087
22/9
18,391
25,094
1,364
22/10
13,133
16,336
1,244
22/11
23,101
50,763
2,197
22/12
26,447
31,773
1,201
23/1
26,695
29,920
1,121
23/2
29,335
33,901
1,156
23/3
34,683
41,103
1,185
23/4
37,303
43,904
1,177
23/5
20,875
20,673
990
23/6
47,588
41,939
881
23/7
16,843
14,344
852
23/8
33,261
26,793
806
23/9
30,447
24,319
799
23/10
38,980
32,457
833
年/月
輸出数量(MT)
輸出額(千USD)
単価（USD/MT)
23/11
33,273
27,457
825
23/12
23,007
18,576
807
24/1
33,530
27,144
810
24/2
24,208
20,179
834
24/3
45,214
36,472
807
24/4
40,285
31,547
783
24/5
45,231
33,944
750
24/6
42,245
31,870
754
24/7
42,386
35,584
840
24/8
34,470
26,808
778
24/9
32,546
25,652
788
24/10
39,466
32,318
819
24/11
40,459
28,709
710
24/12
35,312
25,593
725
25/1
36,350
25,040
689
25/2
27,119
19,868
733
25/3
25/4
25/5
25/6
⇒This show China export price data provided by GTA. Price has been moving sideway for around 1
year and by Feb 2025, it’s about 733 USD/MT
3
Proprietary & Confidential
EG Price movement（4）
■ CSC電気メッキ鋼材国内価格推移
CSC電気メッキ鋼材国内価格推移
1,450
1,350
1,250
1,150
1,050
950
850
750
Apr-25
Mar-25
Jan-25
Feb-25
Dec-24
Oct-24
Nov-24
Sep-24
Jul-24
Aug-24
Jun-24
Apr-24
May-24
Mar-24
Jan-24
Feb-24
Dec-23
Oct-23
Nov-23
Sep-23
Jul-23
Aug-23
Jun-23
Apr-23
May-23
Mar-23
Jan-23
Feb-23
Dec-22
Oct-22
Nov-22
Sep-22
Jul-22
Aug-22
Jun-22
Apr-22
May-22
Mar-22
Jan-22
Feb-22
Dec-21
Oct-21
Nov-21
Sep-21
Jul-21
Aug-21
Jun-21
Apr-21
May-21
Mar-21
Jan-21
Feb-21
Dec-20
Oct-20
Nov-20
Sep-20
Jul-20
Aug-20
Jun-20
Apr-20
May-20
650
為替レート
電気鋼材
変動幅(TWD/MT)
絶対値 (TWD/MT)
米ドル換算($US/MT)
27.80
Apr-20 May-20 Jun-20
Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21
Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21
500
(300)
(600)
450
900
300
700
1,000
300
1,400
2,200
700
450
2,500
2,500
500
1,500
20,350 20,050 19,450 19,900 20,800 21,100 21,800 22,800 23,100 24,500 26,700 27,400 27,850 30,350 32,850 32,850 32,850 33,350 34,850 34,850 34,850
732
721
700
716
748
759
784
820
831
881
960
986
1,002
1,092
1,182
1,182
1,182
1,200
1,254
1,254
1,254
電気鋼材
変動幅(TWD/MT)
絶対値 (TWD/MT)
米ドル換算($US/MT)
Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22
Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23
Jul-23 Aug-23 Sep-23
(500)
500
1,500
1,200
(300) (1,200) (1,500) (1,000)
500
600
800
(1,000) (1,000)
600
34,850 34,350 34,850 36,350 37,550 37,250 36,050 34,550 33,550 33,550 33,550 33,550 33,550 34,050 34,650 35,450 35,450 34,450 33,450 33,450 34,050
1,254
1,236
1,254
1,308
1,351
1,340
1,297
1,243
1,207
1,207
1,207
1,207
1,207
1,225
1,246
1,275
1,275
1,239
1,203
1,203
1,225
電気鋼材
変動幅(TWD/MT)
絶対値 (TWD/MT)
米ドル換算($US/MT)
Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24
Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25
500
500
300
(500)
(800)
700
34,550 34,550 34,550 35,050 35,350 35,350 35,350 35,350 35,350 35,350 35,350 34,850 34,050 34,750 34,750 34,750 34,750 34,750 34,750
1,243
1,243
1,243
1,261
1,272
1,272
1,272
1,272
1,272
1,272
1,272
1,254
1,225
1,250
1,250
1,250
1,250
1,250
1,250
Jun-25
⇒This study domestic selling price of Taiwan’s biggest mill - China Steel. Its price has also moved
side way for more than 1 year. And the latest price (for Apr 2025) stays at about 1,250 USD/MT.
4
Proprietary & Confidential