US cold rolled coil (CRC) prices rose xx for the week ending January xx, showing that the market is supported by higher feedstock prices and improving domestic steel production. The CRC market is highly responsive to a combination of higher hot rolled coil (HRC) prices, stable demand in the manufacturing sector, and lower import supplies. Since CRC is a key material in the automotive, appliance, and construction industries, even the slightest movement in prices is closely watched.
Import trends are a key factor in CRC prices. US rolled steel imports rose xx.xx year-over-year to x.xx million tons in October xxxx, according to the American Iron and Steel Institute (AISI). However, for January to October, rolled product imports fell xxx from xxxx levels to xx.xx million tons. Cold rolled flat steel imports fell sharply by xx.xx year-over-year to x.xx million tons, thus lowering...
