Price Trends of Hot Rolled Coil in its Latest Insights and Dashboard
The hot rolled steel coil is essentially steel that is moulded and consists of a mill process that involves rolling steel at a high temperature, typically over 1700° F, which is higher than the temperature at which steel recrystallizes.
A hot rolled steel coil is created and given this shape when steel is heated above the temperature at which it recrystallizes. It is commonly employed in the creation of staircases. To provide the product with exceptional anti-slip qualities, it can also be embossed with various designs, such as the teardrop pattern.
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The leading region in the market of the hot rolled steel coil is the Asia Pacific, whereas regions like the Middle East and Africa are also contributing to the market growth of hot rolled steel coil.
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, 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:
Industrial uses impacting the hot rolled steel coil price trend primarily include the manufacturing of steel structures, closed sections, and pipes, in facade elements and enclosed structures. The hot rolled steel coil is also employed in the consumer appliances industry and in shipping processes.
Key Market Players:
- Tata Steel Limited
- ArcelorMittal S.A.
- Nippon Steel Corporation
- Jindal Steel & Power Ltd.
- Saudi Basic Industries Corporation (SABIC)
- POSCO
News and Events:
- July 27, 2022: The first Russian-originated hot rolled steel coil shipment of about 24,000 tonnes was shipped in Mumbai on the Akson serin bulk carrier.
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