Hot Rolled Coil Price Trend, Prices, Forecast, Index, Chart, Historical Prices

The global hot rolled coil market size reached 300 million tonnes in 2023. By 2032, IMARC Group expects the market to reach 458.3 million tonnes, at a projected CAGR of 4.80% during 2023-2032. The factors influencing hot rolled coil prices in the last quarter are multifaceted, involving supply chain dynamics, raw material costs, and geopolitical tensions. The pricing for North America in Q4 2023 witnessed a decline influenced by reduced purchase offers, constrained transportation due to low river levels, and the potential United Auto Workers strike. A cautionary approach by auto companies and concerns about rising inflation also slowed demand. Besides, concerns over disrupted trade in the Red Sea and the extension of EU tariffs by the Biden administration further influenced the market. 

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