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Written by Beckett » Updated on: November 19th, 2024
Cold Rolled Coil Price in USA
United States: 1165 USD/MT (1mm)
In the USA, by the conclusion of Q4 2023, the price for Cold Rolled Coil (1 mm) DEL-Illinois stood at $1165 per metric ton. Towards December's end, stability characterized cold rolled coil prices owing to reduced supply, enhanced order fulfillment, and a positive market outlook.
The latest report by IMARC Group, titled "Cold rolled coil Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of cold rolled coil price trend. This report delves into the price of cold rolled coil globally, presenting a detailed analysis, along with informative cold rolled coil price chart. Through comprehensive cold rolled 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 cold rolled 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.
Cold Rolled Coil Prices December 2023:
Report Offering:
The study delves into the factors affecting cold 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.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/cold-rolled-coil-pricing-report/requestsample
Cold Rolled Coil Price Trend- Q4 2023
The cold rolled coil (CRC) market is primarily driven by the increasing demand from the automotive and construction industries. In the automotive sector, CRCs are extensively used due to their superior surface quality, strength, and formability, which are essential for manufacturing car bodies, hoods, and doors. In the construction industry, CRCs are favored for their durability, aesthetic appeal, and ease of maintenance, making them ideal for producing roofing, walling, and structural components. In addition, technological advancements in steel production and processing are propelling the market growth. Innovations, such as continuous casting and automated rolling processes, enhance production efficiency, reduce costs, and improve product quality. Furthermore, the shift towards high-strength and low-alloy steels for better performance and weight reduction in various applications is driving market expansion. Besides this, CRCs are essential in the production of machinery, appliances, and other industrial equipment due to their excellent mechanical properties and dimensional accuracy. Moreover, environmental regulations promoting the use of recyclable materials are catalyzing the demand for CRCs. Steel, including CRC, is one of the most recycled materials globally, aligning with sustainability goals and reducing the environmental footprint of construction and manufacturing activities.
Cold Rolled Coil Market Analysis
The global cold rolled coil market size reached US$ 137.5 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 165.8 Billion, at a projected CAGR of 2.10% during 2023-2032. The North American CRC market saw a decline in prices during Q4 of 2023, influenced by several global macroeconomic factors. In early October, CRC prices in the USA remained stable despite pressures from inflation and concerns about China's construction industry. Apart from this, the Asia Pacific region experienced a significant increase in CRC prices during Q4 of 2023. In China, the CRC market saw price stagnation in the second week of September owing to increased output and sluggish demand caused by price drops and the impact of a typhoon in South China. Inventory buildup was reported, limiting the potential for iron ore price reductions. Furthermore, in Q4 2023, the CRC market in Europe, particularly in Germany, experienced fluctuating trends influenced by various economic and industry-specific factors. The German CRC market started the quarter with stability but faced weakened demand from the automotive and construction sectors. This decline was attributed to intense competition and a reduced market share for German automotive companies. In December, demand remained low, compounded by disruptions in international shipping routes.
Key Points Covered in the Cold Rolled Coil Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
Regional Price Analysis:
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
About Us:
IMARC is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: [email protected]
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
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