Hot Rolled Coil Prices | Chart, News and Forecast
Hot Rolled Coil Prices in USA
- United States: 1045 USD/MT (HR Coil 3mm)
The price of hot rolled coil in the United States during Q4 2023 followed a mixed trajectory. Initially, prices declined due to reduced purchase orders, supply disruptions caused by low river levels, and the looming threat of strikes by automotive sector employees.
The latest report by IMARC Group, titled “Hot Rolled Coil Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” provides a thorough examination of hot rolled coil prices. This report delves into globally, presenting a detailed analysis, along with informative hot rolled coil 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.
Hot Rolled Coil Prices Analysis:
- Taiwan: 965 USD/MT (HR Coil SS400 – 1.2mm)
- Russia: 835 USD/MT (HR Coil 3mm)
Report Offering:
- Monthly Updates: Annual Subscription
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The study delves into the factors affecting hot 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/hot-rolled-coil-pricing-report/requestsample
Hot Rolled Coil Price Trend- Last Quarter
Hot Rolled Coil (HRC) is a type of steel product widely utilized in construction, automotive, and manufacturing industries due to its strength, durability, and versatility. Produced through a process of rolling steel at high temperatures, HRC is known for its excellent formability and cost-effectiveness, making it a fundamental material in various industrial applications. The global hot rolled coil market is driven by the increasing demand from the construction and automotive sectors, particularly in emerging economies where infrastructure development is accelerating. Technological advancements in steel production and rising investments in industrialization are further propelling market growth.
Additionally, the trend toward lightweight and high-strength materials in automotive manufacturing is boosting HRC consumption. However, market dynamics such as fluctuating raw material prices, environmental regulations, and the shift towards electric vehicles are influencing supply and demand. Trade policies and geopolitical tensions also play a crucial role in shaping the global market, impacting pricing and production capacities across different regions.
Hot Rolled Coil Industry Analysis
In Q4 2023, North American hot rolled coil (HRC) prices initially declined due to factors like reduced purchase offers, transportation constraints, and the potential United Auto Workers strike. However, prices later rose due to lower inventory levels, Cleveland Cliffs’ price hike, and reduced production. Additional factors included increased input costs, construction sector optimism, global stimulus measures, and Chinese policies. December saw further price increases driven by supply shortages, upcoming order fulfillment, and price hike announcements from major manufacturers.
Hot rolled coil (HRC) prices in the APAC region remained stable in Q4 2023, with moderate demand and supply. October sawmills like CHS and CSC stabilize prices due to rising raw material costs. Despite sluggish international demand, substantial orders led to price hikes, expected to persist into the quarter. In November, Taiwanese spot market prices surged due to supply constraints, increased demand, and supply chain disruptions. December maintained steady pricing, influenced by reduced demand, trade route challenges, and adverse weather.
In Q4 2023, Europe’s hot rolled coil (HRC) pricing remained stable, while Russia’s HRC market saw fluctuating prices. November began with a price decline due to surplus supply from increased production and lower automotive demand. Reduced interest in Russian-grade pig iron and disruptions in the Panama Canal, favoring the Suez route, further impacted prices. However, rising inventory levels, Red Sea trade disruptions, and harsh winter conditions led to a further decrease in prices, affecting key downstream industries in Russia.
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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