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The hot rolled coil prices in the United States for Q4 2023 reached 1045 USD/MT (HR Coil 3mm) in December.
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Hot Rolled Coil Pricing Report 2024 Format: PDF+EXCEL © 2024 IMARC All Rights Reserved
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Report Highlight and Description Report Description Report Description 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 prices. This report delves into globally, presenting a detailed analysis, along with informative price chart. Through comprehensive 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 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.
Report Description 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. Report Offering: • Monthly Updates - Annual Subscription • Quarterly Updates - Annual Subscription • Biannually Updates - Annual Subscription
Report Segmentation Hot Rolled CoilPricesAnalysis: • United States: 1045 USD/MT Taiwan: 965 USD/MT Russia: 835 USD/MT
Report Segmentation Hot Rolled Coil Price Trend The hot rolled coil (HRC) market is currently influenced by a complex interplay of global demand fluctuations, trade dynamics, and sector-specific trends. Predominantly, the automotive sector's decline, marked by uncertainties among manufacturers, has played a crucial role in reducing demand for HRC. Additionally, the impact of global trade disruptions, including increased steel imports and interrupted trade routes, has significantly shaped market conditions. Despite these challenges, certain sectors like infrastructure development have shown resilience, supported by initiatives in green steel and renewable energy projects. These projects help mitigate broader market volatility by providing stable demand. Furthermore, the dynamic nature of inventory management by stockiest, reacting to price signals by adjusting their stock levels, also contributes to the overall market trends. This multifaceted set of drivers ensures that the HRC market remains a critical indicator of broader economic health, reflecting both industrial activity and consumer confidence. Request For a Sample Copy of the Report: https://www.imarcgroup.com/hot-rolled-coil-pricing-report/requestsample
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 North America, the decline in HRC prices during the first quarter of 2024 can be attributed to the reduced demand from the automotive industry, which is traditionally a significant consumer of steel. The sector faced various uncertainties, leading to cautious procurement strategies. Additionally, the influx of steel imports contributed to a surplus, exerting downward pressure on prices. Trade route disruptions further complicated the market landscape, although infrastructure projects provided some price support by the quarter's end. The interaction between declining demand, increased imports, and strategic stock management by buyers collectively influenced the market.
Hot Rolled Coil Market Analysis European HRC prices were heavily impacted by persistent low demand and buyer apprehension throughout the quarter. The cautious "wait-and-see" approach adopted by consumers, driven by uncertainties surrounding future price movements, led to subdued market activity and hesitant buying behavior. This reluctance was particularly evident in Germany, where weak trading activity sparked discussions around potential production cuts. The overall European market remained bearish, with buyers and sellers navigating a landscape marked by hesitancy and strategic adjustments to supply and demand dynamics. In the Asia-Pacific region, particularly in China, HRC prices were primarily affected by decreased demand from the construction and infrastructure sectors. Seasonal factors, such as the winter and holiday periods, further exacerbated the reduction in demand. Disruptions in critical trade routes like the Panama Canal and the Red Sea also played a significant role, influencing freight charges and leading to increased lead times and surplus inventories. The overall negative pricing environment reflected these combined factors, highlighting the region's struggle to maintain stable market conditions amidst fluctuating demand and logistical challenges.
Key points Covered in the report • 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
Table of Contents 1 Preface2 Scope and Methodology 2.1 Objectives of the Study 2.2 Stakeholders 2.3 Data Sources 2.3.1 Primary Sources 2.3.2 Secondary Sources 2.4 Market Estimation 2.4.1 Bottom-Up Approach 2.4.2 Top-Down Approach 2.5 Forecasting Methodology3 Executive Summary4 Global Hot Rolled Coil Market 4.1 Hot Rolled Coil Demand
Table of Contents 4.2 Hot Rolled Coil Supply 4.3 Demand Supply Gap5 Market Breakup by Region 5.1 Asia Pacific 5.1.1 Demand Trends 5.1.2 Supply Trends 5.2 Europe 5.2.1 Demand Trends 5.2.2 Supply Trends 5.3 North America 5.3.1 Demand Trends 5.3.2 Supply Trends 5.4 Latin America 5.4.1 Demand Trends
Table of Contents 5.4.2 Supply Trends 5.5 Middle East and Africa 5.5.1 Demand Trends 5.5.2 Supply Trends6 Demand Supply Analysis by Application7 Price Analysis 7.1 Spot Prices by Major Ports 7.2 Price Breakup 7.2.1 Ex Works Price 7.2.2 FOB Price 7.2.3 CIF Price 7.3 Price Trends by Region 7.3.1 North America 7.3.2 Europe
Table of Contents 7.3.3 Asia Pacific 7.3.4 Latin America 7.3.5 Middle East and Africa 7.4 Factors influencing the Price Trends8 Hot Rolled Coil Market - Drivers, Restraints, and Opportunities 8.1 Overview 8.2 Drivers 8.3 Restraints 8.4 Opportunities 8.5 Key Industry Events9 Competitive Landscape 9.1 List of Key Players 9.2 Profiles of Key Players 9.2.1 Company Overview
Table of Contents 9.2.2 Business Description 9.2.3 Recent Trends and Developments10 Recent Developments 10.1 New Production Plant Globally 10.2 Capacity Expansion of any Existing Plant Globally 10.3 Mergers and Acquisitions 10.4 New Technological Innovations11 Global Event Analysis 11.1 Key Conferences 11.2 Summit 11.3 Exhibition 11.4 Other Events Read more on our website: https://www.imarcgroup.com/hot-rolled-coil-pricing-report
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