Stainless Steel CR Coil Prices Tumble in USA, China; Stable in Germany
- 07-Jan-2025 6:00 PM
- Journalist: Xiang Hong
With the week ending on 3rd January, the global Stainless-Steel CR Coil market in December showcased diverse trends across key regions. In the USA and China, prices declined slightly, reflecting supply-demand imbalances. Meanwhile, Germany’s Stainless-Steel CR Coil market demonstrated stability in both supply and demand.
The price of Stainless-Steel CR Coil in the USA declines slightly reflecting a change of 1%, influenced by supply and demand imbalance. On the supply side, domestic steel production has shown resilience, with the American Iron and Steel Institute (AISI) reporting production figures of 1.658 million net tons during the final week of December 2024. This production level indicates stable operational capacity among domestic mills. The market has also benefited from continued policy support, particularly through the maintenance of anti-dumping duties on imports from countries including Belarus and China. These protective measures have helped create a more balanced competitive environment for domestic producers, ensuring market stability and preventing potential price disruptions from low-cost imports. Additionally, the demand landscape presents a challenging picture, characterized by seasonal slowdowns and reduced construction activity. This softening in demand has contributed significantly to the current market sentiment. The impact is clearly reflected in United States Steel Corporation's fourth-quarter guidance for 2024, which projects earnings decrease from the previous quarters. This decline in corporate performance metrics serves as a tangible indicator of the broader market challenges, particularly in terms of reduced consumption and pricing pressure.
The prices of Stainless-Steel CR Coil in Germany remain stable. On the supply side, production levels of Stainless-Steel CR Coil have been consistent, with local steelmakers sustaining a steady output. This stability in production stems from effective manufacturing processes and an absence of significant disruptions. Furthermore, there has been minimal pressure from imports, as domestic producers are currently meeting the demand without relying heavily on foreign suppliers. This local production strength not only supports stability in pricing but also reinforces the industry's resilience against external market fluctuations. Moreover, demand for Stainless-Steel CR Coil has also held steady. While downstream sectors have shown stable growth, the overall consumption of Stainless-Steel CR Coil products has reached a balance, contributing to the maintenance of price levels in the market.
The prices of Stainless-Steel CR Coil in China slight decrease by 0.5% driven by shifts in supply and demand. On the supply side, favourable trends in the iron ore market, including increased imports at lower costs, allowed manufacturers to optimize production efficiency. Additionally, enhanced availability of raw materials further bolstered production capabilities, supporting a slight supply increase. However, demand softened slightly as seasonal consumer interest failed to translate into significant purchasing activity. A key factor was the government’s push for new energy vehicles (NEVs), diverting focus away from traditional automotive materials like Stainless-Steel CR Coil. Additionally, the ferrous metal smelting and rolling sector reported substantial financial losses, undermining market confidence.
According to ChemAnalyst, the prices for Stainless-Steel CR Coil in the USA, and China may decline due to low manufacturing activity within the region. Meanwhile, in Germany the prices for Stainless Steel CR Coil may remain stable due to balanced demand and supply.