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Hot Rolled Coil Price Trend and Forecast
Get the latest insights on price movement and trend analysis of Hot Rolled Steel Coil in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Hot Rolled Steel Coil Price Trend for the First Half of 2023
The Chinese manufacturing sector was supported by the revival of infrastructure and strong production of hot rolled steel coils in the initial months of the first quarter. Some of the manufacturing units went under maintenance shut down in the middle of this quarter, which negatively affected the production rates, and due to high demand, the prices of hot rolled steel coils inclined.
The second quarter, however, struggled with the decline in the cost of feedstocks, festival season, and extreme rainfall that hampered the demand and consumption rates of consumers. These factors, along with the hike in inflation, resulted in the negative movement of hot rolled steel coils prices.
The first quarter witnessed a significant surge in the price trend of hot-rolled steel coils in European countries. The surge was accelerated by the limited supply and high demand from the construction and automobile industries. The traders also enjoyed the benefit of a lack of imports that decreased the competition in the market.
The initial months of the second quarter also worked on the same path. The second half of the second quarter, however, struggled with the declining economic trajectory and falling demand from the construction and automobile sectors, leading to the decline in the prices of hot rolled steel coils.
The first quarter of hot rolled steel coils prices imitated the trend shown in the European and Asia-Pacific countries. In the US, the trend inclined with the support of rising prices of feedstock materials and an increase in the number of inquiries from the downstream sectors. The second half of the second quarter witnessed a change in winds as the plunging economic conditions increased instability in the prices of hot rolled steel coils that further worsened the debt crisis and inflation rate hike. The consumers, thus, were reluctant to place orders in bulk, resulting in a decline in the price trend of hot rolled steel coils.
According to Procurement Resource, the price trend of Hot Rolled Steel Coils is expected to follow a southwards trajectory due to the decline in consumer demand and weak growth of the economy.
Procurement Resource provides latest prices of Hot 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.
Hot rolled coil is basically a moulded form of steel. It basically includes a mill process which involves rolling of steel at a high temperature (generally at a temperature over 1700° F), which is above the steel's recrystallisation temperature. When steel is above its recrystallisation temperature, Hot rolled coil is formed, and thus, given this shape. It is often utilised in the manufacturing of staircases. Further, it can be embossed with different patterns such as the teardrop pattern to impart excellent anti-slip properties to the product.
|Hot Rolled Coil
|Construction, Shipping, Energy, Packaging, Consumer Appliances Industry, Housing, Automotive
|Tata Steel Limited, ArcelorMittal S.A., Nippon Steel Corporation, Jindal Steel & Power Ltd., Saudi Basic Industries Corporation (SABIC), POSCO
|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
|US$ (Data can also be provided in local currency)
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In metalworking, rolling is a metal forming method in which metal stock is passed through one or more pairs of rolls to decrease its thickness and to make it uniform. The rolling process is known as hot rolling if the temperature at which the metal is being rolled is above its recrystallisation point.
Thus, during the hot rolling of steel, it is transformed into coil a shaped product upon reaching above its recrystallisation point, thus, resulting in the formation of Hot Rolled Coil.
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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Phone:+1 307 363 1045
Phone: +91 1203185500
Phone: +44 7537 132103