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Stainless Steel HR Coil Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A22738
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Stainless Steel HR Coil Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Stainless Steel HR Coil | Metal & Metalloids | USA | 3041 USD/MT Stainless Steel-304 HR Coil (5 mm) |
| Stainless Steel HR Coil | Metal & Metalloids | China | 1104 USD/MT Stainless Steel-201 HR Coil (3 mm) |
| Stainless Steel HR Coil | Metal & Metalloids | Germany | 2354 USD/MT Stainless Steel-304 HR Coil (5 mm) |
The stainless steel HR coil prices in the USA for Q4 2023 reached 3041 USD/MT Stainless Steel-304 HR Coil (5 mm) in December. Initially, product consumption in the automotive and chemical industries, coupled with limited supply, drove prices up. However, increased manufacturing rates and reduced consumption later caused a decline. Additionally, fluctuating demand and high inventory levels shaped the market's behavior.
The price trend for stainless steel HR coil in China for Q4 2023, reached 1104 USD/MT Stainless Steel-201 HR Coil (3 mm) in December, due to changes in taxes on dumping, international consumption, and a surplus of Nickel. Uncertainty over steel scrap availability and increased reliance on recycled materials also played a role. The market faced challenges from adverse weather and fluctuating global demand.
The price trend for stainless steel HR coil in Germany for Q4 2023, reached 2354 USD/MT Stainless Steel-304 HR Coil (5 mm) in December. Heightened consumption in key sectors, as well as a decline in feedstock supply, initially drove prices higher. Meanwhile, concerns about trade regulations and raw material availability shaped the market's trajectory amid ongoing adjustments to the EU Carbon Border Tax.
Stainless Steel HR Coil Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Stainless Steel HR Coil Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of stainless steel HR 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 stainless steel HR coil at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of stainless steel HR coil price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing stainless steel HR 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.
Stainless Steel HR Coil Market Analysis
The global stainless steel HR coil market size recorded 182.3 Million Tons in 2023. By 2032, IMARC Group expects the market to reach 278.0 Million Tons, at a projected CAGR of 4.80% during 2023-2032.
- There is a rise in the demand for stainless steel HR coils due to the thriving construction sector. They are a preferred choice in the construction industry for roofing, facades, building panels, pipes, walls, internal fixtures, and structural components like beam, columns, and trusses. They offer enhanced longevity and resistance to environmental factors. They are widely used to produce beams, bridges, and other structural elements. In line with this, there is an increase in the demand for durable and high-quality materials in infrastructure projects that cannot be easily deteriorated during disasters. Besides this, there is a rise in the need for residential and commercial spaces due to rapid urbanization. As per the Invest India, the construction sector is anticipated to reach US$ 1.4 Trillion by 2025 in India.
- The stainless steel HR coil demand is further impelled by its utilization in automotive applications. These coils are commonly used when producing various automotive components like car body parts, chassis components, and exhaust pipes. These coils provide improved durability, resistance to corrosion, and strength, which makes them a vital component in the automotive sector. Stainless steel HR coils are used to produce exhaust components because of their ability to resist high temperatures and corrosion, which ensures longevity and reliability in harsh operating conditions. Furthermore, the aesthetic appeal of stainless steel makes it a popular choice for external and internal trim parts such as grilles, door handles, and decorative elements. Besides this, the rising adoption of vehicles among individuals for various purposes is strengthening the market growth. According to the Association of European Automobile Manufacturers (ACEA), 85.4 Million motor vehicles were produced in 2022, an increase of 5.7% as compared to 2021 worldwide.
- Stainless steel HR coils are also becoming increasingly popular in the construction of wind turbines and transmission lines for the electrical power industry. They are used in the production of pipelines, boiler tubes, pressure vessels, and solar panels. Their strength and durability are key in ensuring that the products formed from steel coils are long-lasting and reliable.
Stainless Steel HR Coil News
The report covers the latest developments, updates, and trends impacting the global stainless steel HR 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 stainless steel HR coil price trend.
Latest developments in the stainless steel HR coil industry:
- In 10 April 2024, Shyam Metalics and Energy Ltd. unveiled the establishment of a new facility for stainless steel hot rolled coils (HRC) at its existing plant in Sambalpur, Odisha. The newly established facility has a capacity of 0.3 Million Metric Tons Per Annum (MTPA), will specialize in the production of 200 and 400 series stainless steel HR coils.
Product Description
Stainless steel HR coil is a type of steel produced through a high temperature rolling process. It involves heating the steel at high temperatures and then passing it through rollers to achieve the desired shape and thickness. It is made from the basic oxygen furnace steelmaking process or from blast furnaces and direct reduced iron (DRI) routes. It is available in various grades, each with different characteristics and applications. It often features a characteristic blackish-blue surface with an oily sheen. It has high corrosion resistance and is suitable for applications demanding high sustainability in chemical or wet environments.
Stainless steel HR coil is cost-effective and has enhanced welding and shaping capabilities. It assists in offering high strength, improved ductility, and reduced cracking.
Regional Coverage
The report provides a detailed analysis of the stainless steel HR 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 stainless steel HR coil price trend.
Global Stainless Steel HR Coil Price
The report offers a holistic view of the global stainless steel HR coil pricing trends in the form of stainless steel HR 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 stainless steel HR coil historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into stainless steel HR 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 stainless steel HR 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 Stainless Steel HR Coil Price
The stainless steel HR coil industry in Europe witnessed relative stability in Q4 of 2023 despite fluctuating prices. October saw an increase in costs in the German spot market, driven by rising consumption in the chemical and automotive industries amidst a decline in feedstock availability. This was coupled with a dip in manufacturing and lower supply levels of nickel pig iron and steel scrap. Meanwhile, the UK's consumer-facing sectors, including retail and construction, remained steady despite broader market slowdowns. Concerns arose over potential circumvention of duties on imports from Taiwan, Vietnam, and Turkey.
This analysis can be extended to include detailed stainless steel HR 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 Stainless Steel HR Coil Price
The stainless steel HR coil market in the North America displayed mixed trends during Q4 2023 owing to multiple factors. The prices were initially elevated in October because of heightened product consumption in sectors such as automotive and chemicals, alongside constrained supplies of feedstock materials. The market was influenced by increasing bond yields in the USA and unresolved trade disputes between the US and the EU. As November approached, increased manufacturing and reduced end user demand led to a dip in prices. Investment redirection to China also marked this period, driven by efforts to boost competitiveness, although demand remained muted due to weather conditions, policy uncertainties, and shifts in the electric vehicle sector.
Specific stainless steel HR 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 Stainless Steel HR Coil Price
The report explores the stainless steel HR 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 stainless steel HR 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 Stainless Steel HR Coil Price
In Q4 of 2023, the Asia-Pacific market for stainless steel HR coil faced a downward trend due to multiple reasons affecting pricing. In the beginning, prices in China's spot market fell as international product consumption shifted southward. Taxes on dumping from Europe and the US, along with concerns over nickel and steel scrap supply in China, led to reduced prices. The limited availability of steel scrap, combined with declining international demand, further depressed prices. Toward the end of Q4, price drops continued due to heightened supply of nickel and decreased manufacturing costs.
This stainless steel HR 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 Stainless Steel HR Coil Price
The analysis of stainless steel HR 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. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Stainless Steel HR Coil |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Stainless Steel HR 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 |
|
| 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
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| 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 stainless steel HR 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 stainless steel HR 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 stainless steel HR coil price charts ensure our clients remain at the forefront of the industry.
Need more help?
- Speak to our experienced analysts for insights on the current market scenarios.
- Include additional segments and countries to customize the report as per your requirement.
- Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
- For further assistance, please connect with our analysts.
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