US CR Coil Prices Strengthen Amid Automotive Growth and Seasonal Restocking

The CR coil (cold rolled coil) market strengthened through March as steady domestic demand and limited import availability supported a firm upward trend. Early buying from automotive programs and scheduled white goods production set a constructive tone, while mid month construction activity and seasonal restocking kept offtake stable. Mills focused on fulfilling contracts, and service centre purchasing remained largely just in time, preventing speculative stockpiling. The automotive sector continued to absorb substantial CR coil volumes for stamping and body panel applications, with planned capacity expansions at major manufacturers expected to secure additional offtake. Appliance, HVAC and construction needs added consistent support. Feedstock conditions were stable, allowing mills to maintain normal operations, while rising freight risk premiums encouraged cautious purchasing. Weekly assessments showed a steady, measured price advance into mid April, reflecting firm automotive draws and spring restocking. Looking ahead, construction seasonality, tariff protection and strong mill utilisation are expected to keep CR coil pricing supported into the spring.