Stainless Steel HR Coil Prices Trend and Forecast - Price: Rs. 0

In the North American region, the Stainless-Steel HR Coil Prices varied over the three months in the first quarter of 2023. In January, there was a stagnancy in the pricing trend for Stainless-Steel HR Coil due to limited downstream inquiries amidst occasional import deals. However, stocks available in the spot market increased significantly as stainless-steel factories increased product distribution. Service centers continue to manage their inventories, attempting not to accumulate large stocks as the US economy's trajectory remains uncertain after the first quarter. In February, the rates for Stainless-Steel CR Coil increased by more than 1.6% despite an inconsistent supply-demand outlook and shifting raw material costs. However, high US prices made lower-cost imports more alluring, resulting in increased imports of some stainless-steel goods. In March, the prices for Stainless-Steel HR Coil depressed due to low demand amid plentiful inventory available in the domestic market, and mills issued no new formal price increases. Weak orders from end-user industries were observed as buyers were wary of purchasing it at high prices in such a volatile market. Therefore, prices of Stainless Steel HR Coil for Ex Florida settled at USD 3654/MT on March 31.

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