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IndiaIn Q1 2025, China’s Stainless steel cold rolled (CR) coil prices slipped from $2,119/MT in Q4 2024 to $2,114/MT FOB Shanghai, reflecting ongoing challenges from oversupply, weak construction and automotive demand, and cautious buying sentiment despite rising raw material costs. Mills operated at high capacity, but sluggish domestic demand and limited export opportunities kept market momentum subdued.
In the USA, prices also declined as downstream sectors delayed purchases and inventory levels remained high, with buyers anticipating further softness in the near term. In contrast, Germany saw CR coil prices pick up, supported by rising energy costs, anti-dumping measures, and modest restocking from engineering and automotive industries, even as end-user demand remained only moderate. The Indian market also recorded price gains, driven by improved infrastructure activity, a rebound in manufacturing, and tighter supply as mills managed output more cautiously.
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.
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.
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.
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.
In Q1 2025, prices rose further to $4,025/MT, up 0.56% reflecting ongoing strength in the Indian market. Demand from the construction, automotive, and appliance sectors remained robust, underpinned by government infrastructure initiatives and a rebound in manufacturing activity. Mills continued to benefit from stable to slightly rising input costs, allowing them to maintain firm offers. Export demand remained healthy, with Indian CR coil attracting interest from international buyers facing higher prices in other regions. Overall, the market sentiment was upbeat, with expectations of sustained growth and further price appreciation as new projects and investments continued to drive demand.
In Q4 2024, stainless steel CR coil prices in India climbed to $4,003/MT, marking a stronger quarter-on-quarter gain of 0.66%. This was fueled by robust year-end demand from both domestic and export markets, as buyers rushed to complete projects and replenish inventories before the close of the financial year. The government’s continued focus on infrastructure and manufacturing investments further boosted consumption. Mills reported healthy order books and were able to implement price hikes, supported by firmer nickel and chromium prices. Export orders also picked up, particularly from Europe and Southeast Asia, reinforcing the positive market sentiment.
In Q3 2024, prices continued their upward trend, reaching $3,976/MT. The market saw a more pronounced recovery in demand from the white goods and automotive sectors, as well as ongoing infrastructure projects. Mills operated at higher capacity utilization, supported by steady raw material costs and improved order. Export demand remained stable, with Indian stainless steel maintaining its appeal in global markets due to quality and price. Despite the monsoon season, which typically slows construction, the overall market mood was positive, with buyers more willing to commit to forward purchases amid expectations of further price increases.
In Q2 2024, Prices edged up by 0.18% to $3,967/MT driven by a modest improvement in domestic demand. The onset of the dry season saw a gradual pickup in infrastructure and manufacturing activity, which supported higher consumption of stainless steel CR coil. Export opportunities improved marginally, particularly to the Middle East and Europe, where Indian material remained competitively priced. Mills benefited from a slight reduction in inventories and firmer nickel prices, which helped stabilize offers. Sentiment turned cautiously optimistic, with market participants expecting a slow but steady recovery as the quarter progressed.
In Q1 2024, the average price of Stainless-steel CR coil in India was $3,961/MT Ex-Mumbai down 0.21% Q-o-Q reflecting a subdued start to the year. Market activity was slow as downstream sectors such as appliances, automotive, and construction exercised caution in procurement following the year-end. Inventory levels at both mills and distributors remained elevated, prompting a wait-and-watch approach among buyers. Export demand was also muted, with Indian mills facing stiff competition from Southeast Asian suppliers. Despite stable input costs, mills offered selective discounts to stimulate sales, but overall sentiment remained cautious as most purchases were need-based and speculative buying was limited.
PriceWatch is your trusted resource for tracking global stainless steel cold rolled coil price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the stainless steel cold rolled coil market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, PriceWatch keeps you fully informed of market dynamics.
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These events underscore the Stainless-Steel CR Coil market’s vulnerability to global disruptions and highlight the need for continuous monitoring of supply-demand dynamics.
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Stainless Steel Cold Rolled (CR) Coil is a high-quality, precision-engineered product widely used in industries such as automotive, construction, kitchenware, and chemical processing. Manufactured primarily from austenitic stainless steel, such as Grade 304, these coils offer excellent corrosion resistance, durability, and formability. The manufacturing process begins with hot rolling, where stainless steel slabs are heated and passed through rollers to achieve the desired thickness.
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Incoterms Used
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PriceWatch Quotation Terms:
Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.
| Property | Specification |
| Grade | 304 |
| Standard | ASTM A240 / A666, JIS G4305, EN 10088-2 |
| Thickness | 0.3mm – 6.0mm |
| Width | 600mm – 2000mm |
| Finish | 2B, BA, No.1, No.4, Mirror, HL |
| Edge Condition | Slit Edge / Mill Edge |
| Tensile Strength | 515 – 720 MPa |
| Yield Strength | ≥ 205 MPa |
| Elongation (%) | ≥ 40% |
| Hardness (HRB) | ≤ 90 (Annealed) |
| Density | 7.93 g/cm³ |
| Melting Point | 1400 – 1450°C |
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