Cold Rolled Coil Price in USA
- United States: 1165 USD/MT (1mm)
The cold rolled coil prices in the USA for Q4 2023 reached 1165 USD/MT (1mm) in December.
The latest report by IMARC Group, titled “Cold rolled coil Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” provides a thorough examination of cold rolled coil prices. This report delves into globally, presenting a detailed analysis, along with informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Cold Rolled Coil Prices Analysis:
- China: 655 USD/MT (SPCC-1mm)
- Germany: 905 USD/MT
Report Offering:
- Monthly Updates: Annual Subscription
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The study delves into the factors affecting cold rolled coil price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/cold-rolled-coil-pricing-report/requestsample
Cold Rolled Coil Price Trend- Last Quarter
At present, the increasing employment of cold rolled coils in the automotive industry due to their high strength, smooth surface finish, and superior formability is bolstering the market growth. The growing production of vehicles, particularly electric vehicles (EVs), and advancements in automotive technology are driving the demand for high-quality cold rolled coils. Apart from this, the rising utilization of cold rolled coils in the construction industry for various applications like structural components, roofing, and cladding is propelling the market growth.
Moreover, increasing innovations, such as high-performance rolling mills, automation, and improved process controls, are enhancing product consistency and reducing production costs. Additionally, the growing implementation of stringent regulations and industry standards mandating the use of high-quality, durable materials in various applications is encouraging manufacturers to adopt cold rolled coils. These standards ensure safety, longevity, and performance, particularly in critical sectors like automotive and construction.
Cold Rolled Coil Industry Analysis
In Q4 2023, North American cold rolled coil prices experienced volatility due to global macroeconomic factors, such as inflation and concerns about the construction industry of China. Despite the Inflation Reduction Act, demand remained low. Increased warehouse stocks indicated a supply surplus, but domestic influences like the price hike of Cleveland Cliffs, the UAW strike, and higher input costs led to price rises. Stimulus measures from China and positive demand from construction and infrastructure sectors also contributed. By December, prices stabilized due to reduced supply and better order fulfillment, although trade disruptions and EU tariffs added to market uncertainties.
In the fourth quarter of 2023, the Asia Pacific cold rolled coil market saw significant price hikes. In China, prices were stagnant in September due to increased output, low demand, and the impact of the typhoon. Inventory buildup persisted despite positive real estate and manufacturing policies. October witnessed weakening demand from consumer goods and construction, with stable production and low real estate activity keeping prices static. Additionally, lower iron ore costs and reduced demand led to price drops. However, prices stabilized as global production rates rose, exports improved, and healthy local and international orders supported the market. No plant shutdowns occurred during this period.
In Q4 2023, the European cold rolled coil market, particularly in Germany, experienced a declining price trend. In October, weakened demand from the automotive and construction sectors, intense competition, and higher inflation led to sluggish sales. Despite solar energy support, economic uncertainty prompted a cautious market approach. November saw stability amid slow purchasing and holiday closures, with overseas competition and potential interest rate hikes affecting consumer behavior. Rising energy costs benefited major steelmakers but challenged small fabricators. December was marked by low demand, maintenance shutdowns, and shipping disruptions, ending the year with a slight price increase amid uncertain market conditions.
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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