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 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 December 2023:
- United States: 1045 USD/MT (HR Coil 3mm)
- Taiwan: 965 USD/MT (HR Coil SS400 - 1.2mm)
- Russia: 835 USD/MT (HR Coil 3mm)
Report Offering:
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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
The hot rolled coil (HRC) market is predominantly driven by its essential role in various industrial applications, including construction, automotive, and manufacturing. As a fundamental material for producing structural steel components, HRC is crucial in building infrastructure, vehicles, and machinery. The market's growth is influenced by urbanization and industrialization trends, which increase demand for steel products. Additionally, the recovery and expansion of the construction and automotive sectors globally are significant drivers, as these industries require substantial quantities of hot rolled coils for manufacturing and infrastructure projects. Technological advancements in steel production and improvements in product quality are also contributing factors, as they enhance the efficiency and application scope of HRC. However, the market is subject to fluctuations based on global economic conditions, trade policies, and competition from alternative materials. Supply chain dynamics, including raw material costs and production capacities, also play a critical role in shaping the market.
Hot Rolled Coil Industry Analysis
In the second quarter of 2024, the hot rolled coil market in North America experienced a significant decline in pricing due to an oversupply and weak demand. Economic challenges, including inflation and increased input costs, worsened the situation, creating a negative pricing environment. Additionally, the influx of competitively priced imports and lower industrial activity contributed to continuous price drops throughout the quarter. Despite expectations of increased construction and manufacturing activities, the market did not see an improvement. In Q2 2024, the European hot rolled coil market experienced stable prices due to low demand and import competition. Fluctuating raw material costs and the EU's safeguard quotas also influenced prices. Germany's market saw significant price declines driven by overall challenges and weak demand. Minimal seasonal impact was observed, with market fundamentals and competition being the key price drivers.
In the Asia-Pacific region, hot rolled coil prices trended downward throughout Q2 2024. This decline was driven by subdued demand across various sectors, compounded by competitive pressures from Chinese suppliers. The influx of low-priced imports from China posed significant challenges for local producers, further driving down prices. Seasonal factors, such as the monsoon season, negatively impacted construction activities, further dampening demand. High raw material costs, particularly for coking coal, also pressured profit margins, leading to price adjustments. In China, the most significant price fluctuations were observed, reflecting a general decrease in demand and seasonal off-peak conditions. Overall, the market struggled with declining prices due to these persistent challenges.
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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