For the Quarter Ending March 2026
Cold Rolled Sheet Prices in APAC
- In Malaysia, the Cold Rolled Sheet Price Index rose by 11.265% quarter-over-quarter, reflecting tighter imports.
- The average Cold Rolled Sheet price for the quarter was approximately USD 615.67/MT, import-driven pressure.
- Cold Rolled Sheet Spot Price tightened as scarce prompt cargoes reduced supply, supporting Price Index.
- Cold Rolled Sheet Price Forecast expects gains amid restocking, constrained prompt supply and elevated freight.
- Cold Rolled Sheet Production Cost Trend rose due to higher HRC, energy, freight, narrowing margins.
- Cold Rolled Sheet Demand Outlook supported by automotive, construction and appliance sectors, underpinning steady offtake.
- Cold Rolled Sheet Price Index showed inventory draws and stronger export interest, limiting immediate downside.
- Domestic mills operated while import allocations tightened, sustaining import parity and firm Price Index levels.
Why did the price of Cold Rolled Sheet change in March 2026 in APAC?
- Tighter prompt imports and disciplined mill allocations reduced supply, tightening balances and supporting higher offers.
- Higher HRC, coking coal, increased ocean freight raised landed costs, exerting upward pressure on offers.
- Seasonal restocking ahead of holidays and thin momentum-led spot trading enabled sellers to lift quotes.
Cold Rolled Sheet Prices in North America
- In the United States, the Cold Rolled Sheet Price Index showed a moderate increase quarter-over-quarter, supported by strong domestic pricing and trade protection measures.
- The average Cold Rolled Sheet Price Index remained elevated, reflecting tight domestic supply and limited import competition.
- Cold Rolled Sheet Spot Price remained firm as domestic mills maintained high utilization and controlled supply availability.
- Cold Rolled Sheet Price Forecast indicates a firm-to-stable outlook, supported by infrastructure demand and continued tariff protection.
- The Cold Rolled Sheet Production Cost Trend remained stable to slightly elevated due to steady scrap and energy costs.
- Cold Rolled SheetDemand Outlook remained steady, supported by automotive, construction, and manufacturing sectors.
- The Cold Rolled Sheet Price Index strengthened in March as supply discipline and stable downstream demand supported pricing.
- Domestic reliance and import restrictions continued to limit supply flexibility and maintain pricing power.
Why did the price of Cold Rolled Sheet change in March 2026 in North America?
- Tight domestic supply and tariff-driven import constraints supported higher prices.
- Stable demand from construction and manufacturing sustained procurement levels.
- Controlled production and limited imports maintained upward pressure on the Price Index.
Cold Rolled Sheet Prices in Europe
- In Europe, the Cold Rolled Sheet Price Index showed a firm increase quarter-over-quarter, supported by rising energy costs and supply constraints.
- Cold Rolled Sheet Spot Price remained firm as reduced import availability and strong mill order books supported pricing.
- Cold Rolled Sheet Price Forecast suggests continued firmness, driven by energy costs and regulatory measures such as carbon policies.
- The Cold Rolled Sheet Production Cost Trend increased significantly due to high electricity and energy costs impacting steelmaking.
- Cold Rolled SheetDemand Outlook remained stable but below peak levels, supported by infrastructure and industrial demand.
- The Cold Rolled Sheet Price Index strengthened in March as supply tightened and costs increased.
- Import restrictions and carbon compliance measures further support regional pricing.
Why did the price of Cold Rolled Sheet change in March 2026 in Europe?
- Rising energy costs significantly increased production expenses.
- Reduced imports and trade safeguards tightened supply.
- Stable demand from industrial sector supported firm pricing.
For the Quarter Ending December 2025
Cold Rolled Sheet Prices in North America
- The Cold Rolled Sheet Price Index in North America showed a firm to mildly bullish trend through most of Q4 2025, supported by tight mill availability and controlled supply discipline.
- The Cold Rolled Sheet Production Cost Trend remained upward-biased due to elevated hot-rolled coil prices, higher energy costs, and rising labour expenses, limiting mills’ willingness to offer discounts.
Why did the price of Cold Rolled Sheet change in December 2025 in North America?
- In December 2025, Cold Rolled Sheet prices increased modestly as domestic mills implemented late-quarter price hikes to protect margins amid higher raw-material costs, while buyers advanced purchases ahead of year-end and Q1 allocation tightness.
- Cold Rolled Sheet Spot Prices moved upward in December as spot availability tightened, with several mills already sold out for near-term deliveries and prioritising contract customers.
- The Cold Rolled Sheet Demand Outlook was stable to firm in Q4, led by automotive, appliances, and infrastructure-linked manufacturing, while residential construction demand remained comparatively weaker.
Cold Rolled Sheet Prices in APAC
- In Malaysia, the Cold Rolled Sheet Price Index rose by 2.28% quarter-over-quarter, reflecting demand improvement.
- The average Cold Rolled Sheet price for the quarter was approximately USD 553.33/MT this quarter.
- Cold Rolled Sheet Spot Price showed weekly stability amid steady imports and restrained domestic procurement.
- Cold Rolled Sheet Price Forecast suggests modest choppiness as seasonal restocking meets intermittent supplier discounting.
- Cold Rolled Sheet Production Cost Trend was steady as upstream hot rolled feedstock prices eased.
- Cold Rolled Sheet Demand Outlook remained subdued amid weak construction, automotive, and appliance procurement conditions.
- Cold Rolled Sheet Price Index was supported by import arrivals despite elevated inventories across warehouses.
- Inventories and weak export demand prompted mills to offer discounts, further limiting domestic price appreciation.
Why did the price of Cold Rolled Sheet change in December 2025 in APAC?
- Steady import arrivals balanced moderate infrastructure demand, keeping spot offers stable and preventing price spikes.
- Elevated regional inventories and slow downstream procurement pressured suppliers to maintain or marginally reduce offers.
- Stable feedstock costs and normal logistics removed cost-push drivers, leaving demand weakness as primary influence.
Cold Rolled Sheet Prices in Europe
- The Cold Rolled Sheet Price Index in Europe followed a gradually strengthening trend during Q4 2025, supported by mill-side price discipline, reduced import availability, and improving order books toward year-end.
- The Cold Rolled Sheet Production Cost Trend remained elevated due to high electricity prices, labour cost inflation, and environmental compliance expenses, including EU ETS and early-stage CBAM-related cost considerations.
Why did the price of Cold Rolled Sheet change in December 2025 in Europe?
- In December 2025, Cold Rolled Sheet prices increased as European mills pushed through price hikes for Q1 deliveries, citing higher production costs, tighter supply, and improved downstream confidence after a prolonged period of weakness earlier in the year.
- Cold Rolled Sheet Spot Prices edged higher in December as spot availability tightened, with many mills already booked into February–March and buyers shifting from imports to domestic sourcing.
- The Cold Rolled Sheet Demand Outlook improved modestly in Q4, driven by automotive restocking, white goods production, and infrastructure-linked manufacturing, while construction demand remained mixed across regions.
For the Quarter Ending September 2025
North America
- The Cold Rolled Sheet Price Index in North America declined sharply in Q3 2025, reflecting oversupply, slowing downstream activity and higher import pressure that weighed on regional pricing.
- Spot prices softened through the quarter as service-centres and mills worked down inventories; offers and spot trades reflected buyers’ defensive, low-volume buying. Market monitors show flat-to-lower spot bids into late Q3.
Why did the price of Cold Rolled Sheet change in September 2025 in North America?
- Prices decreased in September 2025 due to continued weak demand from automotive, construction and appliance sectors, persistent oversupply at domestic service centres, and competitive import offers that pressured domestic mill margins.
- Analysts expect stability or a slight uptick in Q4 2025, as broader commodity and economic sentiment recovers and inventory levels normalize.
APAC
- In Malaysia, the Cold Rolled Sheet Price Index rose by 4.64% quarter-over-quarter, amid infrastructure procurement.
- The average Cold Rolled Sheet price for the quarter was approximately USD 541.00/MT, CFR Klang.
- Cold Rolled Sheet Spot Price volatility rose as import volumes and screenings tightened cargo availability.
- Cold Rolled Sheet Price Forecast expects firmness from procurement but constrained by Chinese export competition.
- Cold Rolled Sheet Production Cost Trend increased, HBI and carbon-tax expectations pushed mill offers higher.
- Cold Rolled Sheet Demand Outlook is mixed; infrastructure buying supports volumes while cautious restocking continues.
- Cold Rolled Sheet Price Index reflected run-rates, port operations and shifting import parity shaping offers.
- Import stocks rose pressuring spot liquidity, while major mills reported normal run-rates and no outages.
Why did the price of Cold Rolled Sheet change in September 2025 in APAC?
- Elevated Chinese exports increased import stocks, creating supply overhang and downward pressure on local prices.
- Feedstock squeeze and anticipated carbon tax raised production costs, prompting mills to lift offers slightly.
- Port screenings and logistics shifts tightened effective import availability, supporting short-term price recovery despite cautious demand.
Europe
- The Cold Rolled Sheet Price Index in Europe weakened in Q3 2025, falling roughly 5% q/q from Q2 levels as oversupply and competitive imports offer pressured regional prices.
- Spot prices softened through the quarter as buyers in Germany, Belgium and France adopted cautious, small-volume buying and increasingly relied on selective lower-priced import contracts, keeping Cold Rolled Sheet Spot Price bids subdued.
- Why did the price of Cold Rolled Sheet change in September 2025 in Europe?
- Prices decreased in September 2025 due to weak automotive and construction demand, continued high import volumes (notably from China, Indonesia and Turkey) and shortened mill lead-times that signalled cautious ordering and inventory drawdown.
For the Quarter Ending June 2025
North America
- The Cold Rolled Sheet Price Index in the USA slightly decreased quarter-over-quarter in Q2 2025, as moderate destocking activity and flat automotive demand weighed on transactional values.
- The Cold Rolled Sheet Production Cost Trend remained broadly stable, with feedstock hot rolled coil and energy input prices showing minimal fluctuation.
- The Cold Rolled Sheet Demand Outlook was subdued, with purchasing momentum from construction and consumer durables segments showing hesitation amid economic uncertainty.
- Imports from Mexico and Canada increased slightly, contributing to softer price sentiment in June.
Why did the price of Cold Rolled Sheet change in July 2025 in North America?
- The Cold Rolled Sheet Spot Price in July 2025 likely remained under mild downward pressure as buyers limited forward orders.
- End-user demand in appliances and transportation remained cautious, though not drastically weaker.
- The Cold Rolled Sheet Price Forecast suggests slight price stability unless Q3 restocking picks up pace.
- The Cold Rolled Sheet Demand Outlook remains restrained, awaiting signs of a broader recovery in consumer-linked steel sectors.
APAC
- The Cold Rolled Sheet Price Index in Malaysia dropped by 14% quarter-over-quarter in Q2 2025 due to oversupply from regional producers and weak buying in downstream export markets.
- The Cold Rolled Sheet Production Cost Trend decreased, driven by falling substrate and processing cost across local rerolling mills.
- The Cold Rolled Sheet Demand Outlook weakened sharply as downstream demand from electronics and general manufacturing sectors contracted.
- South Korean and Chinese origin CRC imports intensified competition, undercutting local offers.
Why did the price of Cold Rolled Sheet change in July 2025 in Malaysia?
- The Cold Rolled Sheet Spot Price in July 2025 likely edged down further due to high inventories and lackluster restocking sentiment.
- Downstream processors remained hesitant as global export demand failed to recover.
- The Cold Rolled Sheet Price Forecast points to further downside unless export incentives or production curbs are introduced.
- The Cold Rolled Sheet Demand Outlook remains weak amid shrinking OEM order volumes.
Europe
- The Cold Rolled Sheet Price Index in Germany slightly increased quarter-over-quarter in Q2 2025, supported by steady intake from automotive and engineering applications.
- The Cold Rolled Sheet Production Cost Trend was stable, with HR coil input prices and energy costs holding firm across Q2.
- The Cold Rolled Sheet Demand Outlook was moderately positive, buoyed by consistent procurement from regional OEMs.
- Imports from Eastern Europe remained limited, allowing German mills to sustain margin levels.
Why did the price of Cold Rolled Sheet change in July 2025 in Germany?
- The Cold Rolled Sheet Spot Price in July 2025 likely held flat, with mills pursuing rollover strategies amid manageable inventory positions.
- Demand from engineering and machinery remained consistent, although construction sector orders lagged.
- The Cold Rolled Sheet Price Forecast signals minor upside potential if domestic orders firm up in Q3.
- The Cold Rolled Sheet Demand Outlook stays cautiously optimistic in the context of EU industrial output.
