Q1 2024 The stainless-steel CR coil has experienced a declining trend in first quarter 2024. In the US market saw declining trend on low downstream demand with sufficient feedstock of Nickel and iron ore. The Nickel over supply in Q1 caused major concern across the globe among stainless steel CR coil manufacturers. Prices in India and China have also seen a drop in the quarter compared to previous quarter.
Q2 2024: The stainless-steel CR coil prices in the United States for Q2 2024 fell. Due to excess and weak demand from important industries, the U.S. market saw a price fall in Q2 2024. The bearish trend grew stronger as a result of buying patterns being restrained by high interest rates and the state of the economy. The market’s difficulties were exacerbated by seasonal considerations and rising transport prices, which highlighted a muted mood for the entire quarter. The Germany market for the quarter saw price growth fall by 2%. Seasonal industrial activity although saw some increase after winter.
Q3 2024 The European market for stainless steel CR coils displayed pricing stability, with balanced supply and demand maintaining equilibrium. This stability was driven by consistent supply and steady demand from key sectors such as construction and automotive. Notably, prices in Germany showed an increase compared to both the same period last year and the previous quarter. However, there was little change in prices between the first and second halves of the quarter. This positive trend reflects the resilience of the European market, supported by cautious market sentiment and steady contributions from downstream industries. Meanwhile, prices in India and China saw a slight decline during the quarter.
Q4 2024: In Q4 2024, the Stainless-Steel CR Coil market experienced moderate price increases across key regions, including India, China, Germany, and the USA. In India, the price rose slightly reflecting stable domestic demand and consistent production. In China, prices also showed a modest increase, driven by steady demand and an ongoing recovery in industrial activities. Germany saw a similar upward trend, supported by strong demand from the automotive and manufacturing sectors, along with supply constraints. The USA experienced the most significant price increase, as demand remained strong, particularly from the automotive and construction industries, despite broader economic uncertainties. Overall, the Q4 2024 market was characterized by steady growth across all regions, driven by resilient demand and a balanced supply-demand dynamic, with Germany and the USA seeing the most notable price adjustments.