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Cold Rolled Coil Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Cold Rolled Coil in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Cold Rolled Coil Price Trend for the October - December of 2023

Asia

The last quarter of 2023 witnessed a drop in the cold rolled coil prices in India and several other countries. This was attributed to increased steel imports from China and reduced demand during the holiday season. As compared to the October prices, the traded prices of steel went down by almost 6% whose effect was vibrantly visible in the cold rolled coil price trend. Indian steel mills offered rebates, and manufacturers provided similar discounts on cold-rolled coils. The influx of Chinese imports also surged in the Indian region, creating a market imbalance and price pressure.

Cold Rolled Coil Price Trends

Europe

The European cold rolled coil market faced an incline due to sustained demand from the infrastructure sector amid a decline in supply. Several manufacturers in Europe reduced production rates and first focused on clearing the existing level of inventories during the initial phase of this quarter. This lower output in the domestic region and sustained demand was the major cause of the stabilization of demand-supply equilibria. However, due to the market downturns and elevated energy expenses after the holiday season, there were some fluctuations towards the end of the quarter.

North America

The US Cold Rolled Coil prices surged as it was driven by reduced production, tighter supply, and increased demand from downstream automotive industries. The escalating steel scrap prices and limited raw material purchases from the overseas market also had a major share in this hike. However, on the consumer front, weak demand posed a threat to this optimistic overview of the cold rolled coil prices.

Analyst Insight:

According to Procurement Resource, the price trend of Cold Rolled Coil are likely to be based on the functioning and overall dynamics of the downstream automotive and other related industries.

Cold Rolled Coil Price Trend for the July-September of 2023

Asia

The cold rolled coil experienced a noticeable decline in its price trend as the automotive and construction industries witnessed a significant contraction in the third quarter of 2023. The sales number of these downstream industries was adversely affected by the oversupply and struggling condition of the Asian economy. But as the quarter progressed, the number of exports improved along with the rising cost of raw materials. In addition to this, the imports from the overseas market also seemed to support the upward movement of cold rolled coil prices.

Europe

The European countries witnessed no relief in the downfall movement of the prices of cold rolled coil in view of poor demand from the downstream industries and hesitation of consumers.

The traders had to induce cuts in their profit margins and price quotations, thus hampering the price trend of the cold rolled coil. Further, amid weak conditions of demand from the construction and automotive industries, the level of inventories surged by several folds, hurting the trading sentiments of cold rolled coil. Further, the exponential rise in raw materials and energy prices accelerated the downfall of cold rolled coil prices.

North America

The southwards movement of cold rolled coil prices in North America was attributed to the slowing down of the industrial activities and overall momentum of the market. Due to the holiday season, consumer preference shifted from the cold rolled coil market, and in view of this, a number of manufacturing plants had to halt their production to prevent abrupt inclination in the level of inventories. These challenging dynamics disrupted the functioning of the cold rolled coil market and affected its price graph negatively.

Analyst Insight

According to Procurement Resource, the price trend of Cold Rolled Coil are expected to take on a downward trend due to poor rates of procurement from the downstream sectors.

Cold Rolled Coil Price Trend for the First Half of 2023

Asia

The price trend of cold rolled coil in the Asia-Pacific region was positively influenced by the high number of orders from the automotive sector and wide fluctuations in the cost of raw materials. However, the volatility in the construction sector and the onset of the Spring festival proved to be a challenge for the cold rolled coil market.

The domestic prices of cold rolled coil were supported by the rise in prices in the overseas market. But the second quarter did not follow in the footsteps of the first quarter as the prices of cold rolled coil declined. With the rise in inflation, fluctuating market conditions, and a decrease in demand, the price trend of cold rolled coil in the second quarter fell.

Europe

The European market saw a surge in the price trend of cold rolled coil till the middle of the second quarter of 2023. The high number of offers and rising prices of raw materials supported the rise in the prices of cold rolled coil. In the second quarter also, the downstream industries followed a rise in their industrial activities, and due to this, the level of inventories declined. However, in the second half of the first quarter, the market of cold rolled coil suffered from sliding economic conditions, shortage of labor, and rising rates of interest, causing the price trend of cold rolled coil to decline.

North America

A steep incline in the prices of cold rolled coil was supported by the constraints in the supply of the product. The drop in the production levels, failure of several mills, and increase in domestic demand supported the rise in the prices of cold rolled coil. However, the second quarter did not showcase a positive trend in the prices of the cold rolled coil due to weak procurement from the downstream automotive industries and swinging market sentiments of the North American region. The rising rates of inflation and interest caused by the falling banking sector ultimately led to the fall in the prices of cold rolled coil.

Analyst Insight

According to Procurement Resource, the price trend of Cold Rolled Coil is estimated to depict a falling trajectory due to slow demand from the downstream industries and rising rates of inflation.

Procurement Resource provides latest prices of Cold Rolled Coil. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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About

The thin metal sheets of steel that are processed via cold-rolling process produce coil rolled coils with reduced thickness and high surface area. This method improves flatness, dimensional accuracy, and surface finish, yielding versatile metal sheets. Widely used in industries like automotive, construction, and electronics, cold-rolled coils are favored for applications demanding precise dimensions, high-quality surface appearance, and enhanced strength.

Product Details

Report Features Details
Product Name Cold Rolled Coil
Industrial Uses Construction, Pipe and tube manufacturing, Industrial equipment, HVAC System, Aerospace and defense, Electronics
HS Code 72262021
Supplier Database Arcelor Mittal, Nippon Steel Corporation, POSCO, Baosteel Group Corporation, AK Steel Holding Corporation, Nucor Corporation
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, 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

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery


Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Production Processes

In the initial step, the metal is processed through the hot rollers which are then compressed and cooled at specific temperatures. In the next step, the metal is processed through cold rollers but below the recrystallization temperature to obtain the final product.

Methodology

The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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Subscribe to Unlock Access

  • Price Across Multiple Locations
  • Market Insights
  • Download Data in Excel Format
  • Short Term Price Forecasts
  • Prices of More than 400 Commodities and Utilities

Get in Touch With Us

flag
UNITED STATES

Phone:+1 307 363 1045

flag
INDIA

Phone: +91 1203185500

flag
UNITED KINGDOM

Phone: +44 7537 132103

Email: sales@procurementresource.com

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