Global Cold Rolled Coil Prices Slip as Demand Weakens Across Key Sectors

USA Cold Rolled Coil market experienced a slight decline in prices by the week ending September 20^th, influenced by reduced demand across key sectors. In Germany, Cold Rolled Coil prices also dipped, with stable supply and weak demand driven by regulatory concerns and high borrowing costs in construction. Meanwhile in China, there has been a slight decrease in Cold Rolled Coil prices due to uncertainties in the market.

With the week ending on September 20^th, there has been a slight decrease in Cold Rolled Coil prices due to uncertainties in the market. Suppliers are using their excess capacity to restock inventory in response to decreased customer demand. Moreover, a recent trade and investment agreement between the U.S. and Argentina focuses on critical minerals, which will aid in stabilizing U.S. supply chains and reducing dependence on Chinese imports in the long term. Despite the positive outlook for supply stability, the market scenario indicates that finished goods inventories in the U.S. have risen for the second consecutive month. The construction industry is experiencing a noticeable decrease in confidence and profit margins, while some automakers facing reduced sales, leading to a general sluggishness in the market.

Prices of Cold Rolled Coils in Germany experienced a decrease during the week ending on September 20^th. The supply conditions in the German Cold Rolled Coil market are stable but with some caution. Despite ongoing discussions regarding imports, there has been low consumption and competitive domestic mill prices. Moreover, Demand for Cold Rolled Coils in Germany remains weak, especially in the construction sector, which is facing regulatory uncertainties, high interest rates, and increased borrowing costs. This has led to fewer new project applications, despite a growing demand for housing due to immigration and single-person households. Buyers are proceeding with caution, delaying restocking due to subdued market conditions.

By the close of the week on September 20^th, prices for Cold Rolled Coil decreased due to market fluctuations. Furthermore, there was a significant uptick in blast furnace activities in China. Moreover, Pig iron production also rose as cost pressures on raw materials lessened, enhancing profitability for steel mills. Various blast furnaces that were previously under maintenance have resumed operations, leading to increased supply. Despite these challenges, Chinese steel mills, particularly in regions such as Hangzhou and Changzhou, are encountering substantial shipping pressure and inventory backlogs due to sluggish off-season trading. Demand for Cold Rolled Coil remains subdued, driven by poor performance in key sectors like construction and manufacturing. This decline has dampened the demand for steel-related products, including Cold Rolled Coil. Additionally, market traders are still adjusting to the forthcoming standards set to take effect in September, further adding to uncertainty and cautious purchasing behaviour in the Cold Rolled Coil market.

According to ChemAnalyst, the Cold Rolled Coil sales in the US market are likely to decrease. Additionally, the demand for Cold Rolled Coil in Europe might be affected by low purchasing activity within the region, leading to a potential decrease in prices. Meanwhile, in China, Cold Rolled Coil prices could see a decline due to a mix of low market confidence and sufficient product supply.