Hot Rolled Steel Coil Price In USA

United States: 6715 USD/MT

In the second half of 2023, the price of the hot rolled steel coil in the United States reached 1030 USD/MT

The latest report by IMARC Group, titled "Hot Rolled Steel Coil Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of Hot Rolled Steel Coil Prices. This report delves into the price of Hot Rolled Steel Coil globally, presenting a detailed analysis, along with an informative Hot Rolled Steel Coil price chart. Through comprehensive Hot Rolled Steel 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 Steel 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 Steel Coil Prices Analysis:

China: 6005 USD/MT
Germany: 6795 USD/MT

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The study delves into the factors affecting Hot Rolled Steel 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/sodium-methyl-paraben-pricing-report/requestsample

Hot Rolled Steel Coil Price Trend Last Quarter

In the third quarter of 2024, hot rolled coil (HRC) charges across major regions displayed contrasting trends propelled by varying demand, supply conditions, and regional influences. North America saw a substantial increase in HRC costs, primarily fueled by high requirement, limited supply, and increasing manufacturing prices. This price increase was particularly notable in the USA, where price shifts were the most significant, reflecting a robust demand environment for steel products in key industries. Despite the favorable trend in prices There was a minor drop from Q2 2024 compared to the same quarter last year, indicating some market instability. Notably, prices rose from the start of the quarter to the end, indicating a steady rising trend propelled by solid market fundamentals.

In Asia-Pacific, the HRC market faced a substantial downturn in Q3 2024, with prices declining due to multiple factors. China, a major competitor in the area, saw pronounced price variations, with substantial drops as the quarter progressed. This declining trend was influenced by the continuous adoption of new national guidelines, which disrupted demand and added to market challenges. Furthermore, lower demand levels were caused by the slow season and the absence of effective governmental support, which made the price environment challenging. The quarter reflected a general market mood of unpredictability and volatility, with further price cuts signaling a difficult time for the hot rolled coils industry in APAC, especially in China.

In Europe, Q3 2024 saw a decline in HRC prices, attributed to inadequate requirement from significant end-user industries such as vehicle manufacturing and building, compounded by an oversupply situation. Seasonal factors, such as the summer holiday period, further reduced market activity and reduced sales volumes as degrees of purchases remained subdued. Germany was notably impacted, seeing one of the more substantial price decreases within the region, illustrating the broader market challenges. The instability in pricing, driven by seasonal hesitancy among buyers and an overall negative market sentiment, led to price declines that signaled uncertainty across the European HRC.

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.

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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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