Hot Rolled Coil Prices in USA

• United States: 1045 USD/MT (HR Coil 3mm)

The hot rolled coil prices in the United States for Q4 2023 reached 1045 USD/MT (HR Coil 3mm) in December

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 Analysis:

• Taiwan: 965 USD/MT (HR Coil SS400 - 1.2mm)
• Russia: 835 USD/MT (HR Coil 3mm)

Report Offering:

• Monthly Updates: Annual Subscription
• Quarterly Updates: Annual Subscription
• Biannually Updates: Annual Subscription

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 strong demand for hot rolled coil (HRC) in the manufacturing, automotive, and construction industries is the main factor propelling the market. Steel goods like HRC are in high demand due to the boom in infrastructure development and urbanization projects worldwide, especially in emerging nations. HRC is used extensively in transportation, machinery, and building constructions. Since HRC is an essential part of car frames and other vital components, the automotive industry's move towards lightweight and high-strength materials increases this demand even more. Market expansion has also been aided by the expansion of the renewable energy sector, which depends more and more on steel for the frames of solar panels and wind turbines.

Hot Rolled Coil Industry Analysis

In the last quarter, HRC prices in North America were heavily influenced by oversupply, subdued demand, and external competitive pressures. The steel industry struggled with an imbalance between production and consumption, further aggravated by inflation and rising input costs. The expected seasonal demand from the construction and manufacturing sectors in the U.S. did not materialize, leading to consistent price declines. U.S. mills responded by discounting prices to clear inventories, exacerbating the downward pricing trend.

Moreover, in Europe, the HRC market experienced a relatively stable pricing environment, though the overall sentiment was cautious. Subdued demand and competitive pressures from imports, particularly from non-European suppliers, led to stagnant pricing. In Germany, consistent price declines were observed due to low demand and cautious restocking by buyers. Besides this, the fluctuating costs of raw materials like iron ore and coking coal, along with the European Union's safeguard quota adjustments, contributed to a delicate balance in the market, resulting in gradual price declines.

In contrast, in the Asia-Pacific region, HRC prices trended downward, driven by subdued demand across various sectors, especially in China, where the real estate sector's slowdown significantly impacted steel demand. Competitive pressures from low-priced Chinese imports further challenged local producers. Seasonal factors, such as the monsoon season, and high raw material costs squeezed profit margins, forcing producers to lower prices. Apart from this, the persistent price depreciation reflected the steel industry's struggle to adapt to fluctuating demand and global competition in a challenging economic environment.

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.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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