Wholesale Stainless Steel Coil Factory - Longxing Steel

Hot rolled steel is a type of steel that undergoes rolling at high temperatures, above its recrystallization temperature, which typically ranges from 1,000°C to 1,250°C (1,832°F to 2,282°F) for most steel grades. This process imparts unique properties to the steel, making it suitable for a wide range of applications across various industries.

Stainless steel coils are versatile products widely used across various industries due to their corrosion resistance, durability, and aesthetic appeal. These coils are available in different grades, finishes, thicknesses, and widths, catering to a broad range of applications.

More than half of the traditional peak season "gold three", the demand is starting to falter, the supply and demand fundamentals of construction steel are significantly weaker, steel prices and raw materials resonance decline, and the "negative feedback" will be staged after the festival. Slow pace of resumption of work in the first quarter, high inventory caused the market peak season falsification concerns, although the current construction steel production is at a low level in the same period, and the continuous decline in molten iron production does not have the conditions to increase production, but at this stage the demand side of the tight financial situation can not be significantly improved, inventory down the channel blocked, if the steel price short-term stabilization or rebound, It must be adjusted by the supply side to release the risk, but the negative feedback after the holiday mainly makes the inventory profit before and after the Spring Festival sharply squeezed to the loss stage, which does not cause too much pressure on the production at this stage, but the raw material decline is significantly ahead of the finished material, and the steel mill's immediate profit has been improved by stages, resulting in insufficient production reduction of steel mills.

In the initial half of December, there has been an increase in Cold Rolled Coil prices in the US spot market. This uptick is a result of a recovery in demand from downstream auto industries, attributed to recently finalized agreements with the workers' Union. Mills successfully negotiated higher prices for Cold Rolled Coil this week, as the supply continued to tighten in the US spot market. Throughout the market, Cold Rolled Coil mills are reducing production rates due to ongoing maintenance outages lasting several days.

Cold Rolled Coil prices in the US spot market have seen an upward shift due to recovering demand from downstream auto industries. This resurgence is attributed to new deals reached with the workers union. This week mills successfully negotiated higher Cold Rolled Coil prices as supply continued to tighten in the US spot market. Cold Rolled Coil mills throughout the market are scaling back production rates due to ongoing maintenance outages lasting several days.