Hot Rolled Coil Prices Trend | Pricing | News | Database | Chart



 North America

In Q3 2024, the North American Hot Rolled Coil (HRC) market saw a substantial increase in prices, driven by strong demand, supply limitations, and rising production costs. This trend was most pronounced in the USA, where significant price movements were observed.

Overall, HRC pricing showed considerable growth compared to the same period last year. However, it is notable that prices dropped by 9% from the previous quarter, despite price hikes by Nucor, reflecting some volatility in the market.

Prices increased from the first to the second half of the quarter, signaling a sustained upward trajectory. By the end of the quarter, the price for HR Coil (3 mm) delivered to Illinois stood at USD 842/MT, indicating a solid and upward-moving pricing environment.

Asia-Pacific

In Q3 2024, the Asia-Pacific (APAC) HRC market experienced a significant price decline, driven by multiple factors. Compared to the same quarter last year, prices fell sharply, and the downward trend deepened in comparison to the previous quarter of 2024.

China, a major player in the region, saw substantial price fluctuations, with notable drops from the first to the second half of the quarter. This reflects negative market sentiment influenced by a range of factors, including inadequate policy support, the shift to new national standards, and the impacts of a slow season that dampened demand. These challenges have resulted in heightened uncertainty and further price declines.

The quarter ended with the price for HR Coil (Q235-1 mm) ex Shanghai at USD 478/MT, underscoring the prevailing negative pricing trend in the region. The quarter overall marked a challenging period for the APAC HRC market, particularly in China.

Get Real time Prices for Hot Rolled Coil (HRC): https://www.chemanalyst.com/Pricing-data/hot-rolled-coil-1363

Europe

The European HRC market faced a significant downturn in Q3 2024, with prices falling compared to the previous quarter and the same period last year. This decline can be attributed to weak demand from major sectors such as automotive and construction, coupled with oversupply issues that added pressure on prices.

The summer holiday season further dampened market activity, leading to limited trading and low purchasing levels. Germany, in particular, saw the most significant impact, with prices dropping by 3% from the previous quarter. This indicates a negative trend, with market conditions marked by instability and uncertainty.

Seasonal factors also played a key role, as buyers became more cautious, opting to delay restocking until clearer market signals emerged. By the end of the quarter, the price for HR Coil (3 mm) delivered to the Ruhr region in Germany stood at USD 658/MT, highlighting the difficult and bearish market conditions.

 


 

Contact Us:

ChemAnalyst

GmbH - S-01, 2.floor, Subbelrather Straße,

15a Cologne, 50823, Germany

Call: +49-221-6505-8833

Email: sales@chemanalyst.com

Website: https://www.chemanalyst.com

 

Comments

Post a Comment

Popular posts from this blog

Epoxy Resin Price Index, Trend, Chart, News, Demand & Forecast

Image
The global   epoxy resin prices  has been witnessing dynamic fluctuations influenced by multiple macroeconomic and sector-specific factors. Epoxy resin, a versatile thermosetting polymer, is widely used across industries such as construction, automotive, aerospace, marine, adhesives, coatings, and electrical components, which makes its demand highly sensitive to global economic cycles. In recent years, price movements have been dictated by raw material costs, particularly epichlorohydrin and bisphenol-A, as well as supply chain conditions, production capacities, and downstream consumption trends. As global markets rebounded after the pandemic-related slowdowns, epoxy resin demand rose considerably in sectors like construction and wind energy, putting upward pressure on prices. However, volatility in crude oil and benzene, from which major feedstocks are derived, continues to add uncertainty to the pricing landscape. In Asia-Pacific, which dominates the global epoxy resin marke...
Read more

Polyethylene Terephthalate (PET) Prices: Trends, Drivers, and Forecast

Image
Polyethylene Terephthalate (PET), a widely used thermoplastic polymer, plays a critical role in industries such as packaging, textiles, and consumer goods. Its popularity stems from its lightweight, durability, and excellent recyclability. However, the price of PET is influenced by various factors, making it a dynamic and closely monitored market. Current Price Trends In recent years,  PET prices  have demonstrated significant volatility due to shifting supply and demand dynamics. The post-pandemic recovery spurred a surge in demand for packaging materials, especially for beverages and personal care products, driving PET prices upward. However, the market has also faced challenges such as fluctuating crude oil prices, disruptions in raw material supply chains, and regional trade policies. Get Real time Prices for Polyethylene Terephthalate (PET) :  https://www.chemanalyst.com/Pricing-data/polyethylene-terephthalate-72 Key Price Drivers Raw Material Costs : PET is der...
Read more

U.S. Polyurethane (PU) Resin Prices 2025, News, Trend, Graph, Chart and Forecast

Image
  Polyurethane (PU) Resin prices   have exhibited dynamic fluctuations in recent years due to a combination of factors, including raw material costs, supply chain disruptions, demand trends, and global economic conditions. The pricing of PU resin is significantly influenced by the costs of its primary feedstocks, such as toluene diisocyanate (TDI), methylene diphenyl diisocyanate (MDI), and polyols. These raw materials are derived from petrochemical sources, making their prices highly susceptible to crude oil volatility. Any sudden surge or decline in crude oil prices directly impacts the production costs of PU resins, leading to price variations in the market. Furthermore, geopolitical tensions, trade policies, and environmental regulations play a crucial role in shaping the cost dynamics of polyurethane resins across different regions. The global supply chain has also been a major driver of PU resin price fluctuations. Disruptions in transportation, port congestion, and logi...
Read more