Chemical Price | Prices | Pricing | Monitoring | ChemAnalyst

For the Quarter Ending September 2023 North America In the third quarter of 2023, the  Cold Rolled Coil   market in the United States witnessed a decline in prices. Cold Rolled Coil prices experienced a modest 4% increase primarily due to higher mill offers; however, trading remained subdued during the 4th of July holiday. The extended holiday period, coupled with concerns about managing inventories in the summer slowdown, led to cautious steel purchases. The temporary shutdown of plants by US automakers for maintenance adversely affected steel demand. Initially, Cold Rolled Coil prices rose due to market dynamics but later declined due to an unplanned outage at Steel Dynamics' Texas mill and a growing price gap between hot-dipped galvanized and cold-rolled coil prices. The market faced downward pressure in August due to lower offers, issues with rebar demand, and challenges in scrap collection. Ongoing labor disputes in the automotive industry and inflation further impacted t...

For the Quarter Ending June 2023 North America: During the second quarter of 2023,  Cold Rolled Coil (CRC) prices  in the United States initially saw an uptick in April before undergoing a subsequent overall decline. In the first month of the quarter, CRC prices in the US spot market rose as local mills maintained a high base price, fostering a positive market sentiment for both domestic and international buyers. Delivery times improved, reducing from 7-9 weeks to 7-8 weeks, leading to lower local inventory levels and increased CRC prices in the US spot market. However, as the second quarter progressed, the market sentiment for CRC took a downturn due to growing economic instability stemming from a debt crisis triggered by major banks' failures across the USA. Inflation rates escalated, and the Federal Reserve's decision to raise interest rates further exacerbated the economic conditions. Consequently, buyers hesitated to make significant purchases, resulting in a sluggis...