价格趋势报告

Price Trend Analysis 2024 For Steel Sheet - CR & HR and Aluminum 6063 Alloys, 2024 (Q1, Q2, Q3, Q4)

  • Published Date: Oct, 2023
  • Report ID: GVR-MT-100172
  • Format: Electronic (PDF)
  • Number of Pages: 20

Industry Overview

The market for steel sheets is mainly influenced by industries like construction and manufacturing, and changes in supply and demand can cause prices to fluctuate. These fluctuations can have a significant impact on the prices of steel sheets. For instance, the prices of HRC and CRC in China decreased in the second quarter of 2023 owing to the weakened demand for steel in the country and the slow real estate sector. This compelled the CRC and HRC producers to reduce prices and lower their profit margins according to the situation of the steel industry in China.

It was observed that the production cost of HRC in India decreased during the third quarter of 2023 owing to the decline in raw material prices. Moreover, after the imported HRC inventories were used up, Indian mills increased their prices by citing supply shortages and limited allocations as reasons. This shortage in supply is anticipated to bolster the position of Indian mills in both the domestic and export markets in the coming months.

India Hot-Rolled Steel Sheet Quarterly Average Selling Price, 2024 (USD/Metric Tons)

The demand for 6063 aluminum is mainly driven by the construction, aerospace, and automotive industries worldwide. However, the increasing energy costs are negatively affecting its production. Europe, for example, is still recovering from an energy crisis that adversely affected production, demand, and pricing. In 2022, almost half of the production was halted. Additionally, the demand for 6063 aluminum has also had an impact on its production over the past few years in Europe.

Europe 6063 Aluminum Alloy Quarterly Average Selling Price, 2024 (USD/Metric Tons)

A price rise was witnessed in Europe owing to less aluminum production and high demand. The reduction in power supply in Europe as a result of an increase in energy prices led to lowered capacity utilization of aluminum-producing companies and the shutdown of facilities producing primary aluminum and aluminum products in the region, which led to declined production.

The prices of 6063 aluminum alloy in Europe are anticipated to rise from the beginning of 2024 as investor confidence in aluminum consumption remains optimistic due to the use of green energy and adherence to net zero policies by various industries in emerging economies.

A supply shortage of aluminum is anticipated over the coming quarters. This is expected to lead to a rise in aluminum prices toward the beginning of 2024. The cost of electrification and the pace of rebounding of the real estate sector of China is anticipated to impact prices and consumption over the coming period.

Deliverable Overview

The deliverable consists of a quarterly price trend analysis for steel sheet, CR & HR and aluminum 6063 alloys for all four quarters of 2024, at global and regional levels.

Scope Details

Attribute

Details

Total number of slides in the analysis

20

List of regions

North America; Europe; Asia Pacific (China & India); Central & South America; and Middle East & Africa

Deliverable format

PDF

Country scope

气na and India

Commodity covered

Steel Sheets, 6063 Aluminum Alloy

gvr icn

GET A FREE SAMPLE

gvr icn

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.

NEED A CUSTOM REPORT?

We can customize every report -free of charge- including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.

Contact us nowto get our best pricing.

esomar icon

ESOMAR certified & member

ISO

ISO Certified

We are GDPR and CCPA compliant! Your transaction & personal information is safe and secure. For more details, please read ourprivacy policy.