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

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

Report Format: PDF+Excel | Report ID: SR112024A22738
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Stainless Steel HR Coil Prices December 2023

Product
Category Region Price
Stainless Steel HR Coil Metal & Metalloids USA 3041 USD/MT Stainless Steel-304 HR Coil (5 mm)
Stainless Steel HR Coil Metal & Metalloids China 1104 USD/MT Stainless Steel-201 HR Coil (3 mm)
Stainless Steel HR Coil Metal & Metalloids Germany 2354 USD/MT Stainless Steel-304 HR Coil (5 mm)


The price of stainless steel HR coil in the USA for Q4 2023 reached 3041 USD/MT stainless steel-304 HR coil (5 mm). In October 2023, product prices in the country were elevated due to the increased demand from the chemical and automotive sectors, compounded by limited upstream material supplies. Factors, such as rising US bond yields, a robust ISM industrial index, and failed negotiations between the EU and the US in a steel dispute influenced the market.

The price trend for stainless steel HR coil in China showcased 1104 USD/MT stainless steel-201 HR coil (3 mm) in Q4 of 2023. The market experienced a plunging trend throughout Q4 of 2023 on account of several factors influencing prices. In October, the Chinese spot market observed a decline in stainless-steel HR coil prices due to a shift in international demand towards the southern direction.

In Germany, stainless steel HR coil prices reached 2354 USD/MT stainless steel-304 HR coil (5 mm), influenced by increased demand from the automotive and chemical industries. This rise in demand, coupled with a decrease in raw material supply, became apparent as production rates declined.

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

IMARC’s newly published report, titled “Stainless Steel HR Coil Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of stainless steel HR 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 prices at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of price trends across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing stainless steel HR coil price fluctuations, such as changes in raw material costs, 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 HR Coil Price Trend

Stainless Steel HR Coil Market Analysis

The global stainless steel HR coil market size recorded 182.3 Million Tons in 2023. By 2032, IMARC Group expects the market to reach 278.0 Million Tons, at a projected CAGR of 4.80% during 2023-2032.

  • There is a rise in the demand for stainless steel HR coils due to the thriving construction sector. They are a preferred choice in the construction industry for roofing, facades, building panels, pipes, walls, internal fixtures, and structural components like beam, columns, and trusses. They offer enhanced longevity and resistance to environmental factors. They are widely used to produce beams, bridges, and other structural elements. In line with this, there is an increase in the demand for durable and high-quality materials in infrastructure projects that cannot be easily deteriorated during disasters. Besides this, there is a rise in the need for residential and commercial spaces due to rapid urbanization. As per the Invest India, the construction sector is anticipated to reach US$ 1.4 Trillion by 2025 in India.
  • The stainless steel HR coil demand is further impelled by its utilization in automotive applications. These coils are commonly used when producing various automotive components like car body parts, chassis components, and exhaust pipes. These coils provide improved durability, resistance to corrosion, and strength, which makes them a vital component in the automotive sector. Stainless steel HR coils are used to produce exhaust components because of their ability to resist high temperatures and corrosion, which ensures longevity and reliability in harsh operating conditions. Furthermore, the aesthetic appeal of stainless steel makes it a popular choice for external and internal trim parts such as grilles, door handles, and decorative elements. Besides this, the rising adoption of vehicles among individuals for various purposes is strengthening the market growth. According to the Association of European Automobile Manufacturers (ACEA), 85.4 Million motor vehicles were produced in 2022, an increase of 5.7% as compared to 2021 worldwide.
  • Stainless steel HR coils are also becoming increasingly popular in the construction of wind turbines and transmission lines for the electrical power industry. They are used in the production of pipelines, boiler tubes, pressure vessels, and solar panels. Their strength and durability are key in ensuring that the products formed from steel coils are long-lasting and reliable.

Stainless Steel HR Coil News

The report covers the latest developments, updates, and trends impacting the global stainless steel HR 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, advancements in stainless steel HR coil production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that shape the industry landscape.

Latest developments in the stainless steel HR coil industry:

  • In 10 April 2024, Shyam Metalics and Energy Ltd. unveiled the establishment of a new facility for stainless steel hot rolled coils (HRC) at its existing plant in Sambalpur, Odisha. The newly established facility has a capacity of 0.3 Million Metric Tons Per Annum (MTPA), will specialize in the production of 200 and 400 series stainless steel HR coils.  

Product Description

Stainless steel HR coil is a type of steel produced through a high temperature rolling process. It involves heating the steel at high temperatures and then passing it through rollers to achieve the desired shape and thickness. It is made from the basic oxygen furnace steelmaking process or from blast furnaces and direct reduced iron (DRI) routes. It is available in various grades, each with different characteristics and applications. It often features a characteristic blackish-blue surface with an oily sheen. It has high corrosion resistance and is suitable for applications demanding high sustainability in chemical or wet environments.

Stainless steel HR coil is cost-effective and has enhanced welding and shaping capabilities. It assists in offering high strength, improved ductility, and reduced cracking.

Regional Coverage

The report provides a detailed analysis of the stainless steel HR 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 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 price trends.

Global Stainless Steel HR Coil Price

The report offers a holistic view of the global stainless steel HR coil pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level.

Europe Stainless Steel HR Coil Price

The European region experienced a mixed pricing environment in Q1 of 2024. The overall trend for stainless steel HR coil prices experienced a slight increase, with some fluctuations influenced by various factors. Operational issues and prolonged industrial disputes at key manufacturing plants, such as Acennox's Los Barrios and Outokumpu's Tornio sites, led to reduced production rates across European mills.

On the other hand, in the Q4 of 2023, the market experienced stability in the price trend. In October 2023, the German spot market experienced an uptick in prices for the product, attributed to increased demand from the automotive and chemical sectors.

This analysis can be extended to include detailed stainless steel HR 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 HR Coil Price

In North America, the stainless steel HR coil market in Q1 of 2024 observed a stable pricing environment with moderate supply and demand dynamics. The region saw a minor downturn in price trend as compared to the previous quarter owing to decreased demand from downstream industries and a decline in nickel prices. Despite expectations of production growth from domestic mills, weak demand from international markets weighed on stainless steel HR coil prices.

Besides this, in the fourth quarter of 2023, the market showcased a stable trend amidst several macroeconomic factors, resulting in uncertain sentiments in the US spot.   

Specific data on stainless steel HR coil prices 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 HR Coil Price

The report explores the stainless steel HR 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 HR 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 HR Coil Price

The stainless steel HR coil pricing in the Asia Pacific region in Q1 of 2024, experienced a mixed pricing environment. Overall, market prices remained relatively stable, with some fluctuations observed in China. There was a decreased demand from downstream industries, particularly the automotive sector. Moreover, there was a rise in domestic inventory levels observed in the market.

Apart from this, the region showcased a plunging trend throughout the Q4 of 2023, influenced by numerous factors. Firstly, in October, the Chinese spot market experienced a decline in stainless-steel HR coil prices, attributed to a shift in international demand towards the southern direction.

This analysis can be further extended to include detailed stainless steel HR coil prices for 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 HR Coil Price

The analysis of stainless steel HR 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 HR Coil
Report Features Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, 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
  • Product Portfolio
  • 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
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  • 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

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    • 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 HR 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 HR coil price volatility, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, 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, ensuring they remain at the forefront of the stainless steel HR coil 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 HR Coil Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
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