Recent market analysis reveals that hot-rolled coil (HRC) prices have experienced a consistent increase in most global markets since the beginning of the year. This upward trend is largely driven by tightening supply conditions and robust demand across the steel sector.
Key insights include:
- Supply Constraints: Limited availability of raw materials and production bottlenecks have contributed to a reduced supply of HRC, placing upward pressure on prices.
- Strong Demand: As various industries continue to recover and expand, the demand for HRC remains high, further fueling price increases.
- Market Implications: The ongoing rise in HRC prices is impacting production costs and could lead to broader adjustments throughout the supply chain, affecting both domestic and international markets.
Industry analysts caution that if these conditions persist, further price revisions may be on the horizon. Stakeholders—from producers to end-users—are advised to monitor these trends closely and adjust their strategies accordingly.
Vietnam Steel by Hoa Sen Group
