Cold Rolled Coil Prices September 2024
Product
|
Category |
Region |
Price |
Cold Rolled Coil |
Metals |
USA |
1250 USD/MT |
Cold Rolled Coil |
Metals |
China |
580 USD/MT |
Cold Rolled Coil |
Metals |
Germany |
835 USD/MT |
The cold rolled coil prices in the United States for Q3 2024 reached 1250 USD/MT in September. The market experienced descending pricing trends. Contributing factors included an oversupply and subdued requirements from crucial industries like construction and automotive. Moreover, the increasing imports and import worries amplified these pricing pressures, intensifying a negative sentiment that continues to shape the market’s outlook in the country.
The price trend for CRC in China for Q3 2024 settled at 580 USD/MT in September. The market saw a consistent fall in prices, boosted by a combination of factors. Elevated supply and softening demand were major contributors, while logistical issues, feedstock price fluctuations, and evolving trade conditions further impacted the market. Seasonal patterns, including slower off-season demand, added to the challenges facing China’s CRC market.
In Germany, the cold rolled coil prices for Q3 2024 reached 835 USD/MT in September. The market faced sustained price decreases, largely due to weak demand and excess supply. The market's performance was also hampered by broader financial vagueness and regulatory hurdles. Key industries, including automotive and construction, experienced slower demand, contributing to the existing negative outlook in the country's CRC market.
Cold Rolled Coil Prices June 2024
Product
|
Category |
Region |
Price |
Cold Rolled Coil |
Metals |
United States |
1215 USD/MT |
Cold Rolled Coil |
Metals |
South Korea |
965 USD/MT |
Cold Rolled Coil |
Metals |
Germany |
875 USD/MT |
Cold Rolled Coil |
Metals |
Brazil |
760 USD/MT |
The CRC prices in the United States for Q2 2024 reached 1215 USD/MT in June. The market experienced a notable decline in prices, driven by sluggish demand and an oversupply. Key factors such as elevated interest rates, limited production activity, and declining manufacturing of crude steel are contributing to the negative trend. Major steelmakers adjusted prices significantly, further reinforcing the market’s bearish sentiment.
The price trend in South Korea for Q2 2024 settled at 965 USD/MT in June. South Korea's CRC market maintained steadiness in Q2 2024, with stabilized demand and supply outlook sustaining a stable pricing landscape. Seasonal influences and steady demand from key sectors helped prevent major changeability. Minimal supply chain disruptions and cautious inventory strategies emphasized a stable outlook, reflecting a cautiously positive sentiment across the market.
In Germany, the CRC prices for Q2 2024 reached 875 USD/MT in June. In Germany, the market remained stable in Q2 2024, with a balanced demand and supply relationship contributing to a continual pricing circumstance. The continual influx of feedstock and reasonable manufacturing levels supported this equilibrium. Unaffected by major economic interruptions, the market exhibited a neutral sentiment, fostering a conventional and continual pricing landscape across the quarter.
In Brazil, the CRC prices for Q2 2024 reached 760 USD/MT in June. In Brazil, the CRC market demonstrated stability throughout Q2 2024, with minimal fluctuations observed. The steady pricing trend reflected a balanced demand-supply dynamic, supported by effective supply chain strategies and consistent production levels. Despite minor variations, the market maintained an overall consistent pricing structure, aligning with the broader regional stability.
Cold Rolled Coil Prices December 2023
Product
|
Category |
Region |
Price |
Cold Rolled Coil |
Metal & Metalloids |
USA |
1165 USD/MT (1mm) |
Cold Rolled Coil |
Metal & Metalloids |
China |
655 USD/MT (SPCC-1mm) |
Cold Rolled Coil |
Metal & Metalloids |
Germany |
905 USD/MT |
The cold rolled coil prices in the USA for Q4 2023 reached 1165 USD/MT (1mm) in December. Initially, prices remained stable due to global financial stains and widespread concerns about inflation. However, domestic market conditions changed when Cleveland Cliffs raised prices and strikes led to reduced production, driving prices upward. Additionally, rising interest rates and other global economic factors further influenced the market towards the end of the year.
The price trend for cold rolled coil in China for Q4 2023, reached 655 USD/MT (SPCC-1mm) in December. The market saw mixed performance due to heightened output and reduced demand following a typhoon. Despite stable prices from steady local demand and reduced inventories, declining iron ore costs and weak consumer products and construction sectors led to a price drop. Improved export rates and worldwide production stability eventually supported market recovery.
The price trend for cold rolled coil in Germany for Q4 2023, reached 905 USD/MT in December. The market experienced mixed conditions. Demand from key sectors like construction and automotive weakened owing to a hike in competition and economic uncertainty. Moreover, high inflation and careful government expenditure affected sales. However, growing energy costs favoured major steel manufacturers, however, created difficulties for smaller companies resulting in minor price increases as the quarter concluded.
Regional Coverage
The report provides a detailed analysis of the cold rolled coil market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the cold rolled coil price trend.
Global Cold Rolled Coil Price
The report offers a holistic view of the global cold rolled coil pricing trends in the form of cold rolled coil price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into cold rolled coil historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into cold rolled coil price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed cold rolled coil demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Cold Rolled Coil Price
Q3 2024:
During FY24, the European region market maintained to face falling rates amid a complex landscape characterized by oversupply and low demand. Key industries, including construction and automotive, reported slow demand, which contributed significantly to the subdued market activity. Additionally, external pressures such as commercial suspicions, geopolitical disagreements, and regulatory obstacles further dampened the market. Germany, in particular, recorded the sharpest price declines in the territory, reflecting the challenging conditions that spanned across Europe. Quarter-on-quarter trends implied a steady downward movement, marking another period of suppressed pricing. This environment underscores the negative sentiment persisting in the European CRC market, revealing an ongoing battle with demand-side constraints.
Q2 2024:
In Q2 2024, Europe’s market maintained steady pricing, with demand and supply continuing relatively balanced throughout the quarter. A consistent inflow of feedstock and reasonable production stages helped create a stable pricing environment, undisturbed by major geopolitical challenges or economic shocks. This stability was reflected in the steady pricing in the initial quarter, indicating a resilient market. In Germany, the equilibrium between demand and supply led to a predictable market environment, fostering a neutral sentiment with neither upward nor downward price trends. As a result, the European CRC market benefited from balanced dynamics, contributing to steady pricing that encouraged a cautious but positive market outlook.
Q4 2023:
In Q4 2023, the European cold rolled coil market experienced a mixed trend. Initially, the market was stable with lowered product demand in sectors like construction and automotive due to heightened competition and diminished share of manufacturers in the market. Additionally, economic uncertainty, influenced by High inflation and restrained government expenditure, further dampened demand. November maintained a stable outlook, though reduced purchasing and holiday closures affected activity. Besides this, the rising energy costs helped large steel producers while challenging smaller fabricators. In December, low demand, along with maintenance shutdowns and global shipping disruptions, impacted the market. However, a slight increase in prices emerged towards the end of the quarter as geopolitical uncertainties and market conditions led to cautious optimism.
This analysis can be extended to include detailed cold rolled coil price information for a comprehensive list of countries.
Region |
Countries Covered |
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, among other European countries. |
North America Cold Rolled Coil Price
Q3 2024:
In FY24, the market saw a continuous dip in prices, primarily due to an imbalance between demand and supply. High supply quantities in the region placed significant descending demand on prices, compounded by sluggish requirements from industries like construction and automotive. The regional market further grappled with external influences, involving an expansion in vagueness and imports in international trade, which intensified the pricing slump. Notably, Mexico experienced the most substantial price adjustments within North America, with trends reflecting a consistent decline. The combination of oversupply and declining demand reinforced the negative price trajectory, highlighting persistent challenges across the region in the CRC market.
Q2 2024:
In FY24, the market observed a steady decline in prices, largely due to an excess supply and slowing requirements across numerous industries. High supply levels, lowered manufacturing projects, and a slow industrial sector collectively contributed to this downtrend. Improved rate of interest further dampened purchasing activity, intensifying the gap between demand and supply. The overall market outlook remained bearish as financial vagueness and geopolitical tensions influenced cautious buyer activities and limited restocking by service centers. The United States witnessed a particularly strong decline in CRC prices, driven by substantial pricing corrections from prominent steelmakers and low crude steel fabrication levels, which added to the oversupply, deepening the negative pricing circumstances.
Q4 2023:
The prices of cold rolled coil in North America fell in the last quarter of 2023 as economic uncertainty increased worldwide. Early in the quarter, product rates in the US were stable, but increasing inflation and construction-related issues had a substantial impact. Domestic causes such as Cleveland Cliffs' price rise announcement, a slowdown in production driven by the United Automobile Workers (UAW) strike, and escalating costs of inputs, all contributed to an upward trend in prices. In addition, the government of the People's Republic of China's global stimulus initiatives and rising interest rate in the United States influenced price movements. By December, positive sentiment and greater order fulfilment had helped stabilize prices, but market dynamics remained complex due to trade delays, extended tariffs in the EU, and lower holiday consumption.
Specific cold rolled coil historical data within the United States and Canada can also be provided.
Region |
Countries Covered |
North America |
United States and Canada |
Middle East and Africa Cold Rolled Coil Price
The report explores the cold rolled coil pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on cold rolled coil prices for countries can also be provided.
Region |
Countries Covered |
Middle East & Africa |
Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Cold Rolled Coil Price
Q3 2024:
The CRC regional market in FY24, in the Asia-Pacific region, experienced a substantial downturn in prices, influenced by a variety of circumstances. Excessive supply, coupled with reduced demand, created a challenging environment across the region. China, a major market player, recorded the most prominent price fall, driven by factors such as logistical encounters, feedstock cost fluctuations, and shifting trade dynamics. Seasonal influences, including slower demand during the off-peak season and unfavorable weather, further exacerbated the downward price trend. As the quarter progressed, the APAC CRC market remained entrenched in a negative pricing environment, highlighting persistent market difficulties in a landscape impacted by both regional and global pressures.
Q2 2024:
In the Asia-Pacific region, the CRC market exhibited constant pricing due to stable demand and supply dynamics. While the market faced encounters like inconsistency in feedstock prices and reasonable commercial demand, constant manufacturing rates and demand from key sectors, including construction and automotive, supported consistency. Cautious stock management and limited trade disruptions further reinforced this stability. However, South Korea notably recorded a noteworthy shift in price, influenced by seasonal trends and stable demand patterns across the quarter. The stability in pricing, marked by minimal variation in the initial quarters, reflected a cautiously optimistic stance in the APAC CRC market, which managed to balance demands from both international and domestic factors.
Q4 2023:
In Q4 2023, the cold rolled coil market in the Asia-Pacific region saw price fluctuations influenced by various local and global factors. China's product market showed initial stagnation in September due to increased output, diminished demand, and a typhoon affecting the southern region. Despite positive regulations by the government in sectors like manufacturing and real estate, immediate market impacts were minimal. As September ended, consistent local demand and lowered stocks kept prices steady, but October brought challenges like reducing product demand in industries like consumer products and construction, coupled with steady production and diminished activity in real estate. By mid-October, lowered cost of iron ore feedstock and decreased end-use demand contributed to a price decline. Towards the end of the quarter, production rates and increased orders helped stabilize prices, with no plant shutdowns reported in China, maintaining market recovery.
This cold rolled coil price analysis can be expanded to include a comprehensive list of countries within the region.
Region |
Countries Covered |
Asia Pacific |
China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Cold Rolled Coil Price
Q2 2024:
CRC pricing in Latin America witnessed a steady trend during the Q2 of 2024, reflecting a balanced market. The stability was supported by constant demand across industries, effective supply chain management, and strategic production practices, which ensured a reliable CRC supply. Regulatory measures and trade policies further helped stabilize prices, preventing any sharp variations. In addition, Brazil, showcased the most substantial price activity, largely aligned with the broader stability. While minor fluctuations were present, prices in Brazil remained consistent between the quarter's first and second halves.
Q4 2023:
The analysis of cold rolled coil prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
Region |
Countries Covered |
Latin America |
Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Cold Rolled Coil Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Cold Rolled Coil Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of cold rolled coil pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of cold rolled coil at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of cold rolled coil price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing cold rolled coil price fluctuations, such as supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Cold Rolled Coil Market Analysis
The global cold rolled coil market size reached US$ 137.5 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 165.8 Billion, at a projected CAGR of 2.10% during 2023-2032.
- The global cold rolled coil (CRC) market is an essential segment within the steel industry. Nucor Corporation of United States was the largest steel-producing company in the country in 2019, producing over 27 million metric tons of raw steel, showcasing the industry's capacity for production and employment generation.
- The automotive sector heavily relies on cold rolled coil for manufacturing a wide range of components because of its superior surface finish, higher strength and enhanced formability. This reliance is anticipated to grow as the industry trend towards electric vehicles (EVs) which require lightweight materials to improve efficiency and range. In 2023, a total of 14.2 million new Battery Electric Vehicles (BEVs) and Plug-in Hybrids (PHEVs) were delivered globally, with 10 million being pure electric BEVs and 4.2 million being Plug-in Hybrids and Range Extender EVs, marking a 35% increase from the previous year.
- In line with this, the construction industry’s ongoing demand for cold rolled coil applications like roofing, wall elements and interior designs contributed significantly to the market growth. This sectors’ requirements for durability, aesthetic appeal, and corrosion resistance drive the continuous evolution and innovation within the cold rolled coil market.
- In addition to this, advancements and innovations in manufacturing processes have a significant impact. Producers are increasingly adopting eco-friendly and energy-efficient production methods to align with regulatory standards and reduce environmental impact. For example, an article titled "The Challenge of Digitalization in the Steel Sector" delves into the effects of digitalization on the steel industry. It covers topics such as industry 4.0, business model innovation, and the Digital Single Market initiative, which has been introduced by the European Commission. The article emphasizes the significance of adapting to digital technologies and transforming the steel manufacturing sector to maintain competitiveness in the digital era. This shift towards more sustainable practices reflects the industry's commitment to environmental responsibility and meeting evolving regulatory requirements.
Cold Rolled Coil News
The report covers the latest developments, updates, and trends impacting the global cold rolled coil market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the cold rolled coil price trend.
Latest developments in the cold rolled coil industry:
- In 2023, Hydnum Steel and Primetals Technologies announced their collaboration with the aim to establish a green steel production plant in Spain, focusing on the European flat steel market's green transition. The project involves the production of hot and cold rolled coils, with an annual capacity expected to reach 2.6 million tons by 2030. This initiative aims to significantly reduce carbon emissions compared to traditional steel production methods, emphasizing sustainability and technological advancements in the cold rolled coil sector.
- In 2023, ANDRITZ has secured an order from ArcelorMittal, France, to provide a new 6-high cold rolling mill for processing high-grade non-oriented silicon steel strip (NGO) used in electric motors. This mill, crucial for producing light-gauge strip demanded for compact, lightweight, and energy-efficient traction motors in e-mobility, will be a key component of ArcelorMittal's new electrical steels production complex in Mardyck, northern France. The advanced technology and capabilities of this rolling mill align with the industry's need for high-quality products in the cold rolled coil sector.
Product Description
Cold rolled coil is a kind of steel product which is manufactured through cold rolling process, which involves cooling hot rolled steel coils and then rerolling them at room temperature to achieve a thinner thickness and improved surface quality. This process enhances the steel’s strength and formability which makes it are highly sought after product for applications which requires the precision and consistent properties making it an ideal choice for industries like automotive where it is used for body panels, appliances, for its sleek surface and construction for its robustness and aesthetic appeal. The cold rolling process also increases the steel strength through strain hardening allowing the production of lighter components without sacrificing structural integrity. The versatility and high quality of cold rolled coil makes it a cornerstone material in various sectors driving innovation and efficiency in manufacturing and product design.
Report Coverage
Key Attributes |
Details |
Product Name |
Cold Rolled Coil |
Report Features |
Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Cold Rolled Coil Price Analysis, and Segment-Wise Assessment. |
Currency/Units |
US$ (Data can also be provided in local currency) or Metric Tons |
Region/Countries Covered |
The current coverage includes analysis at the global and regional levels only.
Based on your requirements, we can also customize the report and provide specific information for the following countries:
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*
*The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
Information Covered for Key Suppliers |
- Company Overview
- Business Description
- Recent Trends and Developments
|
Customization Scope |
The report can be customized as per the requirements of the customer |
Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
- Scope
- Historical Data for the Current Month
- Forecast for Next Month
- Total Deliverables Per Year: 12 (One Per Month)
- Includes: One PDF and Excel datasheet per month, Post Purchase Analyst Support throughout the year
Plan B: Quarterly Updates - Annual Subscription
- Scope
- Historical Data for the Current Quarter
- Forecast for Next Quarter
- Total Deliverables Per Year: 4 (One Per Quarter)
- Includes: One PDF and Excel datasheet per Quarter, Post Purchase Analyst Support throughout the year
Plan C: Biannually Updates - Annual Subscription
- Scope
- Historical Data for the Current Half
- Forecast for the Next Half
- Total Deliverables Per Year: 2 (One Per 6 Months)
- Includes: One PDF and Excel datasheet per Half, Post Purchase Analyst Support throughout the year
|
Post-Sale Analyst Support |
360-degree analyst support after report delivery |
Delivery Format |
PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of cold rolled coil pricing, covering global and regional trends, spot prices at key ports, and a breakdown of ex-works, FOB, and CIF prices.
- The study examines factors affecting cold rolled coil price trend, including supply-demand shifts and geopolitical impacts, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The cold rolled coil price charts ensure our clients remain at the forefront of the industry.