Stainless Steel CR Coil Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data

Stainless Steel CR Coil Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data

Report Format: PDF+Excel | Report ID: SR112024A22743
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Stainless Steel CR Coil Prices December 2023

Product
Category Region Price
Stainless Steel CR Coil Metal & Metalloids USA 6321 USD/MT (SS-304 CR plate (6 mm))
Stainless Steel CR Coil Metal & Metalloids China 2180 USD/MT (Stainless Steel-304 CR Coil (3 mm))
Stainless Steel CR Coil Metal & Metalloids Germany 2810 USD/MT (Stainless Steel-304 CR Sheet (2 mm))


In December 2023, the US stainless steel CR coil market saw price declines due to increased inventory and lower demand, with SS-304 CR plate (6 mm) Ex Florida priced at 6321 USD/MT. These price adjustments reflected the broader challenges faced by the stainless-steel industry on a global scale.

In Q4 of 2023, stainless steel CR coil prices in China fell due to increased nickel supply and reduced consumption, stabilizing at 2180 USD/MT for Stainless Steel-304 CR Coil (3 mm) Ex Shanghai despite global oversupply and adverse conditions.

By the end of 2023, stainless steel CR coil prices in Germany decreased to 2810 USD/MT for SS-304 CR Sheet (2 mm) Ex Ruhr, driven by oversupply and falling domestic demand. The decline was exacerbated by global economic uncertainties, thereby prompting producers to offer competitive pricing to sustain market share amid sluggish consumption.

Stainless Steel CR Coil Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Stainless Steel CR Coil Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of stainless steel cr coil pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of stainless steel cr coil at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of stainless steel cr coil price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing stainless steel cr coil price fluctuations, such as supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Stainless Steel CR Coil Price Trend

Stainless Steel CR Coil Market Analysis

The global stainless steel CR coil market size reached 22.4 Thousand Tonnes in 2023. By 2032, IMARC Group expects the market to reach 29.5 Thousand Tonnes, at a projected CAGR of 3.10% during 2023-2032.

  • The construction industry is a major consumer, using SS CR coils for their durability and resistance to environmental elements, which is crucial for both external facades and internal structures, which is fueling the market.
  • The automotive sector also heavily relies on these materials for parts that demand strength and resistance to corrosion, thereby providing an impetus to the market.
  • Emerging trends include increased demand for high-strength, lightweight materials in automotive and aerospace industries, which in turn drives innovations in the production technologies of stainless-steel CR coils.
  • Shifting trends toward sustainable manufacturing practices have stimulated the development of eco-friendly rolling processes and the use of recycled materials, further bolstering the market.
  • Rising investment in infrastructure projects across developing economies, where rapid urbanization necessitates extensive use of durable and maintenance-free materials is also acting as a significant growth-inducing factor for the market.
  • The electronics industry represents a growing market segment for stainless-steel CR coils as these materials are increasingly used in consumer electronics for their aesthetic qualities and structural integrity, such as in appliances and mobile devices.
  • The regulatory pressures and environmental concerns drive the adoption of more sustainable and environmentally friendly manufacturing practices, such as the production of lower-emission stainless steel and the increasing use of recycled materials.
  • Increasing integration of new technologies such as automation and artificial intelligence in manufacturing processes is enabling more precise and efficient production of stainless-steel CR coils.
  • Growing defense budgets has augmented the demand for military-grade materials, as these materials are extensively used in the defense sector for manufacturing vehicles, vessels, and infrastructure that require materials with high strength and resistance to extreme conditions.
  • The healthcare sector, especially in emerging markets, has a growing demand for medical instruments and infrastructure that rely on stainless steel CR coils for their high hygiene standards and corrosion resistance.
  • The adoption of industry 4.0 practices within the steel manufacturing sector, including the use of smart sensors, real-time data analytics, and interconnected machinery, enhances production efficiency and product quality.

Stainless Steel CR Coil News

The report covers the latest developments, updates, and trends impacting the global stainless steel cr coil market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the stainless steel cr coil price trend.

Latest developments in the stainless steel CR coil industry:

  • On January 5, 2024, JSW Utkal Steel acquired 2,677.80 acres in Jagatsinghpur, Odisha, for a 13.2 million tonne steel plant, with environmental clearance from the Union Ministry of Environment & Forest and Climate Change re-validated last September. The project requires a total of 2,950.31 acres, with 272.51 acres already leased by the state government.
  • On April 25, 2024, Nippon Steel Corporation, Nippon Steel Trading Corporation, and Siemens Gamesa Renewable Energy K.K. signed a MoU to study the use of NSCarbolex™ Neutral green steel in Japanese wind farm turbine towers. This steel uses a mass balance approach to promote sustainability in wind projects.
  • On April 19, 2024, Outokumpu partnered with ZWILLING to release the Pro Earth Day Special Edition Knife Set, crafted from Circle Green Dura stainless steel, highlighting sustainability. This initiative aligns with Earth Day, encouraging reflection on global environmental challenges.

Product Description

Stainless steel CR coil or cold rolled stainless steel coil, refers to a type of stainless steel that has been processed by cold rolling, a manufacturing method that involves rolling layers of steel past while keeping their toughness below a certain softening point. This process makes steel stronger and harder by introducing some kind of defects into its crystal structure, improving surface finish and allowing tighter tolerances.

Moreover, the process of cold rolling permits the steel to be molded into thin sheets and compact coils which in turn are used for various purposes. What makes the versatility and durability of stainless steel CR coils so important is the fact that they are widely used in the industrial sectors that demand lifelong operation and resistance to rust and corrosion.

The advantages of cold-rolled stainless steel include a relatively high strength-to-weight ratio, a cleaner surface finish, and better tolerances compared to hot-rolled steel. Stainless steel CR coils are very widely applied in automotive, construction, household appliances, medical, and food processing industries.

Regional Coverage

The report provides a detailed analysis of the stainless steel cr coil market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the stainless steel cr coil price trend.

Global Stainless Steel CR Coil Price

The report offers a holistic view of the global stainless steel cr coil pricing trends in the form of stainless steel cr coil price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of stainless steel cr coil but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes. 

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed stainless steel cr coil demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Stainless Steel CR Coil Price

In Q4 2023, the European market for cold-rolled stainless-steel coils (CR Coils) demonstrated initial stability, followed by fluctuations in demand and pricing. In October, the German spot market experienced a price increase due to strong demand from the automotive and chemical industries, compounded by a shortage of raw materials like steel scrap and nickel pig iron, which curtailed production and lowered inventory levels.

Additionally, the EU Carbon Border Tax influenced debates over potential export bans on ferrous scrap, raising supply concerns. However, by November, prices declined as demand from downstream sectors waned and an oversupply emerged, further impacted by a global nickel surplus revision by Nornickel and reduced construction activities during the winter months.

This analysis can be extended to include detailed stainless steel CR coil price information for a comprehensive list of countries.

Region Countries Covered
Europe Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries.


North America Stainless Steel CR Coil Price

In Q4 2023, the North American Stainless-Steel CR Coil market experienced dynamic shifts. October saw high prices in the US market due to increased demand from the chemical and automotive industries and limited upstream material supplies, alongside rising US bond yields indicative of a strong economy.

However, in November, with the ongoing economic strength, prices declined as a result of increased production by companies like Outokumpu, which expanded supply, coupled with surpluses in feedstock and reduced production costs. Additionally, unresolved steel disputes between the EU and the US further influenced the market environment.

Specific stainless steel cr coil historical data within the United States and Canada can also be provided.

Region Countries Covered
North America United States and Canada


Middle East and Africa Stainless Steel CR Coil Price

The report explores the stainless steel CR coil pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on stainless steel CR coil prices for countries can also be provided.

Region Countries Covered
Middle East & Africa Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries.


Asia Pacific Stainless Steel CR Coil Price

In the fourth quarter of 2023, the Stainless-Steel CR Coil market in the APAC region observed a downtrend, primarily driven by declining prices in China. This was influenced by a decrease in demand due to anti-dumping duties in the US and Europe and uncertainties in steel scrap and nickel supply.

Additionally, a significant drop in China's iron ore stocks, reaching a 7-year low, reflected steelmakers' pivot to alternative sources amidst a projected 7.7% increase in global steel demand by World Steel, further impacting market dynamics.

This stainless steel cr coil price analysis can be expanded to include a comprehensive list of countries within the region.

Region Countries Covered
Asia Pacific China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries.


Latin America Stainless Steel CR Coil Price

The analysis of stainless steel CR coil prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Region Countries Covered
Latin America Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries.


Report Coverage

Key Attributes Details
Product Name Stainless Steel CR Coil
Report Features Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Stainless Steel CR Coil Price Analysis, and Segment-Wise Assessment.
Currency/Units US$ (Data can also be provided in local currency) or Metric Tons
Region/Countries Covered The current coverage includes analysis at the global and regional levels only. 
 
Based on your requirements, we can also customize the report and provide specific information for the following countries: 
 
Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand*
 
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* 
 
North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru*

Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco*

*The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client.
Information Covered for Key Suppliers
  • Company Overview
  • Business Description
  • Recent Trends and Developments
Customization Scope The report can be customized as per the requirements of the customer
Report Price and Purchase Option

Plan A: Monthly Updates - Annual Subscription

  • Scope
    • Historical Data for the Current Month
    • Forecast for Next Month
  • Total Deliverables Per Year: 12 (One Per Month)
  • Includes: One PDF and Excel datasheet per month, Post Purchase Analyst Support throughout the year

Plan B: Quarterly Updates - Annual Subscription

  • Scope
    • Historical Data for the Current Quarter
    • Forecast for Next Quarter
  • Total Deliverables Per Year: 4 (One Per Quarter)
  • Includes: One PDF and Excel datasheet per Quarter, Post Purchase Analyst Support throughout the year

Plan C: Biannually Updates - Annual Subscription

  • Scope
    • Historical Data for the Current Half
    • Forecast for the Next Half
  • Total Deliverables Per Year: 2 (One Per 6 Months)
  • Includes: One PDF and Excel datasheet per Half, Post Purchase Analyst Support throughout the year
Post-Sale Analyst Support  360-degree analyst support after report delivery
Delivery Format PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) 


Key Benefits for Stakeholders:

  • IMARC’s report presents a detailed analysis of stainless steel cr coil pricing, covering global and regional trends, spot prices at key ports, and a breakdown of ex-works, FOB, and CIF prices.
  • The study examines factors affecting stainless steel cr coil price trend, including supply-demand shifts and geopolitical impacts, offering insights for informed decision-making.
  • The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
  • IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The stainless steel cr coil price charts ensure our clients remain at the forefront of the industry.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Stainless Steel CR Coil Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
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