Hot Rolled Coil Prices: Latest Price Trend and Data Q3 2024

North America Hot Rolled Coil Prices Movement Q3:

Hot Rolled Coil Prices in United States:

In the United States, hot rolled coil prices for Q3 2024 were recorded at 825 USD/MT in September. The region's market experienced significant price hikes during the period, fueled by rising demand and persistent supply constraints. These factors created a favorable pricing environment, leading to steady gains despite indications of market instability. A slight decrease from the previous quarter highlighted fluctuations, yet the overall upward momentum remained consistent. The market's resilience was supported by robust consumer demand across key sectors, while supply chain disruptions continued to impact availability. These dynamics underscored a volatile yet growing market, where pricing trends reflected the balance between strong demand pressures and ongoing supply challenges, shaping the quarter's overall performance.

APAC Hot Rolled Coil Prices Movement Q3:

Hot Rolled Coil Prices in China:

In China, the hot rolled coil prices for Q3 2024 were recorded at 465 USD/MT in September. In Q3 2024, the region's market experienced significant price declines, driven by weak demand and the impact of policy challenges. The introduction of new guidelines created uncertainty, further dampening market activity. Seasonal sluggishness also contributed to reduced consumption, exacerbating the downward pressure on prices throughout the quarter. This challenging environment led to cautious behavior among participants, as negative sentiment persisted across industries. Despite some efforts to stabilize the market, the combined effects of low demand, regulatory hurdles, and seasonal factors resulted in a difficult landscape, leaving stakeholders navigating a complex and unfavorable pricing scenario.

Europe Hot Rolled Coil Price Movement:

In Germany, hot rolled coil prices in Q3 2024 were recorded at 640 USD/MT in September. During Q3 2024, Germany's market witnessed notable cost reductions, driven by seasonal factors and reduced industrial activity. The summer holiday period significantly curtailed market engagement, as both large industries and smaller purchasers exhibited reluctance to restock. Overstock adjustments and cautious purchasing trends further contributed to the decline in demand, creating an atmosphere of uncertainty and sluggish market sentiment. Additionally, the combination of lower industrial interest and limited transactions amplified the unfavorable pricing environment. These factors collectively shaped a challenging period for the market, reflecting the broader impacts of seasonal dynamics and subdued industrial operations on pricing trends.

How IMARC Pricing Database Can Help

The latest IMARC Group study, “Hot Rolled Coil Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition,” presents a detailed analysis of Hot Rolled Coil price trend, offering key insights into global Hot Rolled Coil market dynamics. This report includes comprehensive price charts, which trace historical data and highlights major shifts in the market.

The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Hot Rolled Coil demand, illustrating how consumer behaviour and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the prices report uncovers critical factors influencing current and future prices.

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