Hot Rolled Coil Prices in USA

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

The price of hot rolled coil in the United States during Q4 2023 followed a mixed trajectory. Initially, prices declined due to reduced purchase orders, supply disruptions caused by low river levels, and the looming threat of strikes by automotive sector employees.

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 price trend. This report delves into the price of hot rolled coil globally, presenting a detailed analysis, along with informative hot rolled coil price chart. Through comprehensive hot rolled coil 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 hot rolled coil 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 December 2023:

United States: 1045 USD/MT (HR Coil 3mm)
Taiwan: 965 USD/MT (HR Coil SS400 - 1.2mm)
Russia: 835 USD/MT (HR Coil 3mm)

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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.

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Hot Rolled Coil Price Trend- Q4 2023

The hot rolled coil market is primarily driven by robust demand from the construction and automotive industries, where these coils are essential for manufacturing structural components and vehicle parts. Rapid industrialization and infrastructure development, particularly in emerging economies, further boost market growth. Technological advancements in steel production enhance product quality and efficiency, attracting more buyers. Additionally, the increasing use of hot rolled coils in the oil and gas sector for pipelines and other equipment contributes to market expansion. Government initiatives and investments in infrastructure projects play a crucial role in driving the demand for hot-rolled coils.

Hot Rolled Coil Market Analysis

The global hot rolled coil market size reached 300 million tonnes in 2023. By 2032, IMARC Group expects the market to reach 458.3 million tonnes, at a projected CAGR of 4.80% during 2023-2032. In the third quarter of 2023, there was a price decrease in the US market for hot-rolled coils (HRC). Hot rolled coil prices initially increased due to US interest rate hikes and Chinese stimulus programs implemented abroad, which increased demand from the infrastructure sector, but in July, purchasers were more circumspect as supply expanded due to the reopening of the Steel Dynamics Sixton facility in Texas, and prices declined. Further declines occurred in August due to weakening demand, rising shipping costs, and seasonal reasons. Due to a United Auto Workers (UAW) strike that affected the car industry and disrupted production, September saw a sharp decline in HRC prices. Prices for Hot Rolled Coils (HRC) on the Taiwanese spot market fell in the third quarter of 2023 due to declining demand from the building and automotive industries. This was the outcome of both the global economic crisis and a weakening of the home economy. A lack of steel waste forced HRC makers across the USA to turn to cheaper pig iron from foreign suppliers, which cut production costs. The weaker demand in the construction and automotive industries, along with decreased local output, kept the Italian hot-rolled coil market in a downward spiral in Q3 of 2023. The production of iron ore for export rose by 9%, maintaining low feedstock prices. Due to maintenance, steel mills ran at reduced rates, and excessive stocks hurt demand for automobiles. Due to tariff worries, Asian import quotas were underutilized, which forced consumers to choose localized products. Demand in the downstream sector held constant as consumers exercised caution.

Key Points Covered in the Hot Rolled Coil Pricing Report:

The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:

Hot Rolled Coil Prices
Hot Rolled Coil Price Trend
Hot Rolled Coil Demand & Supply
Hot Rolled Coil Market Analysis
Demand Supply Analysis by Type
Demand Supply Analysis by Application
Demand Supply Analysis of Raw Materials
Hot Rolled Coil Price Analysis
Hot Rolled Coil Industry Drivers, Restraints, and Opportunities
Hot Rolled Coil News and Recent developments
Global Event Analysis
List of Key Players

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

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Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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