With the week ending on March 28^th, the global Cold Rolled Coil market is experiencing a mix of stability and decline, with varying trends across key regions.

Key Takeaways

• The US and German prices of Cold Rolled Coil are stable because of self-reliance and consistent industrial expansion.
• The Chinese prices of Cold Rolled Coil declined because of supply and demand imbalance.

USA

US cold rolled coil prices remained firm. The reason being consistent production levels that are accompanied by stable demand, which indicates a balanced market environment. US steelmakers have been producing consistently, meaning domestic demand is covered by production. Moreover, pressures on imports and exports have not been significant problems, with local manufacturers meeting satisfactorily the majority of demand without depending on foreign products. On the supply side, the US market enjoys the support of steady industrial activity that has remained stable in varied industries.

Germany

German cold rolled coil prices stay flat during the week. Flat prices are driven by stable levels of production as well as unchanged demand, signifying a highly balanced marketplace. Additionally, German producers have kept steady production, holding production in parity with local consumption. In addition, import and export pressures have not caused major hardships, since domestic producers are adequately fulfilling most of the demand without reliance on foreign goods. On the supply side, the German market enjoys consistent industrial action that has remained stable across most sectors.

China

Cold rolled coil prices slightly fall by 0.4%, influenced by changing supply and demand patterns. China's Cold rolled coil supply has improved, supported by a steady rise in crude steel output. CISA member firms posted higher daily crude steel production in late February, which indicates sustained growth in production. This increase in supply has served to sustain market liquidity but also supported the marginal fall in Cold Rolled Coil prices. Adding to supply-side pressure even further, Guangfu Group has intensified production with its newly installed steel production line, more than doubling yearly availability. The increase in production capacity has expanded supply margins, compounding a competitive pricing scenario. In addition, demand for cold rolled coil is also weak, as local consumption is failing to achieve any momentum. The auto market—one of the major downstream markets for cold rolled coil—has been experiencing weakness. Moreover, Wholesale volume sales of passenger New Energy Vehicles (NEVs) fell by 5% in February over January, suggesting reduced manufacturing activity and lower usage.

According to ChemAnalyst, prices of Cold Rolled Coil in the United States and Germany are projected to remain stable, driven by no shift in demand and supply dynamics. Meanwhile, China's Cold Rolled Coil prices are expected to decrease due to low purchasing activity and ample supply within the domestic market.