Hot Rolled Steel Coil is a steel strip that is made via a hot-rolling process by reheating the steel slab and rolling to obtain the final product. The product has many properties, including excellent formidability, formability, castability, weldability, high adhesion capacity, strong residual strain during baking, high strength and toughness, and crack resistance.
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The largest Hot rolled steel coils exporters are South Korea, Japan and China, while the most significant importers are Vietnam, Netherlands and Mexico.
Key Details About the Hot Rolled Steel Coil Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Hot Rolled Steel Coil price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Hot Rolled Steel Coil Price chart, including India Hot Rolled Steel Coil price, USA Hot Rolled Steel Coil price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Hot Rolled Steel Coil Price Trend:
The Hot Rolled Steel Coil industry is witnessing high demand due to the commodity’s extensive use in end-user industries like construction, automotive, home appliance, car manufacturing, roadmaking, drainage systems, lighting columns, crash barriers, and machine industries. In addition, it is employed in the production of oil and gas, special-purpose pipes in construction applications etc. Furthermore, it finds application in making several products such as general & welded structures, containers, rerolling oil & gas pipes, weathering & corrosion-resistant steel, boiler & pressure vessels, and heavy-duty vehicles, and shipbuilding. In addition to these applications, it can be employed for the production of protective enclosures like utility lines (wires, plastic, and cables).
Key Players:
- Tata Steel Limited
- ArcelorMittal S.A.
- Nippon Steel Corporation
- Jindal Steel & Power Ltd.
- Saudi Basic Industries Corporation (SABIC)
- POSCO
News & Recent Development
- 10 May 2023– The hot-rolled coil prices are sliding down due to a lack of demand which was diminished because of the uncertainty in the Chinese market.
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