Stainless Steel CR Coil Prices in the United States:

In Q3 2024, stainless steel CR coil prices in the United States remained stable at 4,800 USD per metric ton, reflecting a well-balanced supply and demand dynamic. Despite challenges such as rising input costs, material shortages, and customs delays, the market maintained resilience due to consistent stainless steel CR coil demand from key industries. Steady demand, particularly from sectors like automotive and construction, helped offset pressure from rising production costs and supply chain disruptions. This equilibrium, alongside year-over-year manufacturing growth, ensured that price fluctuations remained minimal, highlighting the market's ability to navigate external challenges while sustaining price stability throughout the quarter.

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APAC Stainless Steel CR Coil Prices Q3:

Stainless Steel CR Coil Prices in China:

In Q3 2024, stainless steel CR coil prices in China experienced a significant decline, closing at 1,340 USD per metric ton. This drop was primarily attributed to oversupply and weak demand across key industries, leading to an imbalanced market. The high levels of inventory further exacerbated the situation, contributing to downward pressure on prices. Additionally, rising input costs, including increased raw material expenses, further strained manufacturers and suppliers, making it difficult for the market to recover. The ongoing supply glut and sluggish demand painted a challenging picture for China's stainless steel CR coil market, underscoring the vulnerability of the supply chain and market sentiment during the quarter.

Europe Stainless Steel CR Coil Prices Q3:

Stainless Steel CR Coil Prices in Germany:

In Q3 2024, stainless steel CR coil prices in Germany saw a steady rise, reaching 2,815 USD per metric ton, driven by a well-balanced market. The consistent demand from key industries such as construction and automotive played a pivotal role in supporting this upward trend, as both sectors continued to depend on stainless steel for critical infrastructure projects and vehicle production. Despite the rising input costs, the supply side remained robust, ensuring that market needs were met without disruption. This stability in both demand and supply created a favorable market environment, allowing prices to rise steadily while maintaining equilibrium throughout the quarter. The overall resilience of the market pointed to sustained growth, with minimal fluctuations in pricing, reflecting the strength of Germany's stainless steel CR coil market.

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