Cold Rolled Coil Prices Trend, Monitor, News & Forecast | ChemAnalyst
Cold Rolled Coil Prices: During the Quarter Ending December 2023
In Q4 2023, the North American Cold Rolled Coil market experienced a downturn due to various global macroeconomic factors. Early in October, prices remained stable in the United States amidst global pressures such as rising inflation and concerns about China’s construction industry. However, Cleveland Cliffs’ price hike announcement, combined with reduced production due to a UAW strike and increasing input costs, led to subsequent price increases. Despite promising downstream construction and infrastructure demand, global stimulus measures and interest rate hikes in the USA contributed to rising prices.
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By December, Cold Rolled Coil prices stabilized in the US due to reduced supply, increased order fulfillment, and positive market sentiments. Major manufacturers’ announcements of price increases sparked hope for the future. However, trade disruptions in the Red Sea, EU tariff extensions, and reduced consumption during holidays affected the market dynamics, keeping the situation dynamic. The quarter-ending price of Cold Rolled Coil (1 mm) DEL-Illinois in the USA stood at USD 1170/MT.
In the Asia-Pacific region, Q4 2023 witnessed a significant price hike trend in the Cold Rolled Coil market. In China, prices initially stagnated in September due to increased output and sluggish terminal demand. However, stability prevailed later in the quarter, supported by a global production rate increase and healthy orders from local and overseas buyers. The market maintained stability despite challenges, with no observed plant shutdowns. The quarter-ending price of Cold Rolled Coil (SPCC-1 mm) Ex Tianjin in China was USD 660/MT.
In Europe, the Cold Rolled Coil market in Q4 2023 saw a plunging price trend in the German spot market. Weak demand from automotive and construction sectors, coupled with economic uncertainty and cautious government spending, contributed to sluggish sales. Despite support for solar energy, November witnessed stability amid slow purchasing activity and temporary closures due to public holidays. December saw low demand and disruptions in international shipping routes, with a slight upward trend in prices toward the quarter’s end. The Cold Rolled Coil price in Germany increased by 1.1%, with the quarter-ending price of USD 910/MT for CR Coil (1 mm) Fed-Ruhr in Germany.
Get Real Time Prices of Cold Rolled Coil: https://www.chemanalyst.com/Pricing-data/cold-rolled-coil-1355
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