Cold Rolled Coil Prices, Monitor, Analysis & Demand
North America The North American region witnessed a declining quarter for Cold Rolled Coil pricing in Q4 2023 due to the impact of various global macroeconomic factors. In early October, Cold Rolled Coil prices in the United States remained stable amid global macroeconomic pressures, including rising inflation and concerns about China's construction industry. The Inflation Reduction Act had little impact on boosting demand. LME warehouse stocks increased, signaling a supply surplus. However, in the domestic market, Cleaveland Cliffs' price hike announcement, coupled with reduced production due to a UAW strike and increasing input costs, led to a subsequent price increase. Downstream construction and infrastructure demand showed promise. The Chinese government's stimulus measures globally contributed to rising prices. Interest rate hikes in the USA also played a role. By December, Cold Rolled Coil prices stabilized due to reduced supply, increased order fulfillmen...