By the week ending 16^th May, the Cold Rolled Coil market held steady in both Germany and China, supported by balanced supply and demand. Meanwhile, U.S. prices climbed on tighter supply.

US cold rolled coil prices slightly increase. Expanded U.S. cold rolled coil supply has been decidedly limited, for the most part, due to a historic policy shift. Not only this protectionist measures limited availability but enhanced reliance on domestic producers. With local manufacturers working to serve growing demand with finite in-house capacity, inventories have fallen significantly. The supply-constrained market has created a tighter market, naturally causing prices to rise as manufacturers become used to lower flow of input. Secondly, the industrial sentiment in the U.S. is positive, supported by a pick-up in major manufacturing and construction sectors. This new industrial stimulus has manifested itself in heightened cold rolled coil consumption, especially by OEMs and fabricators who need quality material for precision applications. The upbeat sentiment in the marketplace is being driven by both an internal recovery of production needs and reduced reliance on imports, creating a steady pull by end-users. This union of limited supply and recovering demand has created a bullish pricing environment.

German cold rolled coil prices did not change, but no market disruption has been observed. German steel manufacturers-maintained production at an even rate, taking special efforts to keep production matched with domestic consumption needs. Furthermore, exogenous foreign trade activities such as imports and exports did not cause any substantial disruptions as domestic producers still managed to fulfill the majority of Cold rolled coil demand independently. The reduced reliance on external sources has shielded the market against global value chain shifts-related volatility. This consistent level of industrial activities has supported market stability to counter volatile price fluctuations.

Chinese cold rolled coil prices remained firm, as no market movement has been seen yet. Chinese steel mills have continued to maintain their output level constant, going out of their way to adjust output with domestic demand for consumption. In addition, exogenous trade operations, such as imports and exports, have not disturbed the market considerably since local producers were still meeting the bulk of Cold rolled coil demand independently. The reduced reliance on foreign sources has shielded the market from shocks related to alterations in global value chains. Such a stable level of industrial processes has raised market stability to balance out unstable fluctuations in prices.

As per ChemAnalyst, the prices of the cold rolled coil remain stable duet to no fluctuation observed in the market. Conversely, U.S. cold rolled coil prices could rise as inventories tighten.