Worked exampleZincGalvanised steel coilVAP

Zinc galvanised coil

Hot-dip galvanised (HDG) per EN 10346 / ASTM A653

Galvanised coil is sold by gross MT but the hedgeable Zn is only 2–5% of that weight. Spreadsheet hedging of the gross tonnage would dramatically over-hedge LME Zinc (by ~30×). Metal-content derivation isolates the coating exposure for steel mills, construction buyers, and automotive OEMs.

This page shows how the NovaEx wizard models one common configuration. Your contract may look different. Override any field per shipment, or clone the example to build your own.

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Conversion recipe

Gross × MC%
Hedge methodMetal content %
FormulaHedgeable MT = Qty × UOM factor × Metal content %
Commercial UOMMT
Metal content2–5% (typical 3%)
Rounding ruledown

Sources

EN 10346 · ASTM A653 · IS 277 · International Zinc Association

Industry-standard ranges shown. Actual contract terms vary per shipment; override at position entry.

Worked example

Typical shipment

Commercial qty

100 MT

As invoiced

Contained metal

3.00 MT

Zinc inside the goods

Hedgeable metal

3.00 MT

Flows to hedge desk → LME Zinc

100 MT × 3% metal content = 3.00 MT contained Metal content defines exposure → 3.00 MT Zinc hedgeable

100 MT of Z120-coated galvanised coil × 3% Zn coating = 3 MT Zn hedgeable → hedge on LME Zinc. Base steel (~97%) is not LME-Zn-hedgeable.

Typical specifications

What you're actually trading

Reference specifications for contracts, counterparty conversations, and supply-chain planning. Not a substitute for the shipment's lab certificate or commercial contract.

Coating classes
Z80 / Z120 / Z140 / Z180 / Z275 / Z450 (g/m² double-sided)
Zn content vs gross
Typically 2–5% by weight (typical 3% for mid-gauge Z120)
Base steel
Low-carbon cold-rolled, 97% of gross weight. Separate hedge not covered here
Use case
Automotive body panels, appliances, construction cladding, pre-engineered buildings
Conformance
EN 10346, ASTM A653, IS 277 (India)

Configure zinc galvanised coil for your desk

Book a live walkthrough. We'll configure this product using your own contract terms and show the hedge derivation end-to-end.

Questions about this product

Zinc galvanised coil: FAQs

Frequently Asked Questions