Product
Cold Rolled Coil Price Trend and Forecast
Cold Rolled Coil Price Trend and Forecast
Regional Price Trend
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 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.
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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