Hot Rolled Coil Prices Trend | Pricing | News | Database | Chart
North America
In Q3 2024, the North American Hot Rolled Coil (HRC) market saw a substantial increase in prices, driven by strong demand, supply limitations, and rising production costs. This trend was most pronounced in the USA, where significant price movements were observed.
Overall, HRC pricing showed considerable growth compared to the same period last year. However, it is notable that prices dropped by 9% from the previous quarter, despite price hikes by Nucor, reflecting some volatility in the market.
Prices increased from the first to the second half of the quarter, signaling a sustained upward trajectory. By the end of the quarter, the price for HR Coil (3 mm) delivered to Illinois stood at USD 842/MT, indicating a solid and upward-moving pricing environment.
Asia-Pacific
In Q3 2024, the Asia-Pacific (APAC) HRC market experienced a significant price decline, driven by multiple factors. Compared to the same quarter last year, prices fell sharply, and the downward trend deepened in comparison to the previous quarter of 2024.
China, a major player in the region, saw substantial price fluctuations, with notable drops from the first to the second half of the quarter. This reflects negative market sentiment influenced by a range of factors, including inadequate policy support, the shift to new national standards, and the impacts of a slow season that dampened demand. These challenges have resulted in heightened uncertainty and further price declines.
The quarter ended with the price for HR Coil (Q235-1 mm) ex Shanghai at USD 478/MT, underscoring the prevailing negative pricing trend in the region. The quarter overall marked a challenging period for the APAC HRC market, particularly in China.
Get Real time Prices for Hot Rolled Coil (HRC): https://www.chemanalyst.com/Pricing-data/hot-rolled-coil-1363
Europe
The European HRC market faced a significant downturn in Q3 2024, with prices falling compared to the previous quarter and the same period last year. This decline can be attributed to weak demand from major sectors such as automotive and construction, coupled with oversupply issues that added pressure on prices.
The summer holiday season further dampened market activity, leading to limited trading and low purchasing levels. Germany, in particular, saw the most significant impact, with prices dropping by 3% from the previous quarter. This indicates a negative trend, with market conditions marked by instability and uncertainty.
Seasonal factors also played a key role, as buyers became more cautious, opting to delay restocking until clearer market signals emerged. By the end of the quarter, the price for HR Coil (3 mm) delivered to the Ruhr region in Germany stood at USD 658/MT, highlighting the difficult and bearish market conditions.
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