For the Quarter Ending June 2026
Stainless Steel HR Coil Prices in North America
- In the USA, the Stainless Steel HR Coil Price Index rose by 5.62% quarter-over-quarter, due to alloy surcharges.
- The average Stainless Steel HR Coil price for the quarter was approximately USD 3363.33/MT, CFR Alabama Port amid tightness.
- Stainless Steel HR Coil Spot Price eased June, reflecting a softer Price Index as Asian export availability improved.
- Stainless Steel HR Coil Price Forecast signals upside risk, supported by persistent Stainless Steel Production Cost Trend pressures.
- Stainless Steel Demand Outlook remains firm as appliance and energy sectors support orders and Price Index.
- Improved import flows in June rebuilt Gulf Coast inventories, reducing buying pressure and easing Price Index.
- Section-232 quotas and shipment front-loading limited prompt availability, preserving domestic mill leverage over the Price Index.
- Indonesian quota cuts and higher nickel levels elevated feedstock costs, lifting Stainless Steel Production Cost Trend.
Why did the price of Stainless Steel HR Coil change in June 2026 in North America?
- Improved Asian export offers reduced costs at Gulf ports, prompting importers to push prices lower.
- Easing alloy surcharges and softer stainless scrap quotations lowered melt-shop inputs, alleviating production cost pressures.
- Downbeat US downstream demand growth and rebuilt inventories at service centres reduced urgency for buying.
Stainless Steel HR Coil Prices in APAC
- In Japan, the Stainless Steel HR Coil Price Index rose by 6.6% quarter-over-quarter, reflecting tighter supply conditions.
- The average Stainless Steel HR Coil price for the quarter was approximately USD 5713.33/MT, reflecting steady margins.
- Stainless Steel Spot Price firmed as constrained mill shipments tightened regional supply, lifting spot premiums.
- Stainless Steel Price Forecast suggests moderate further gains as domestic restocking offsets limited imported volumes.
- Stainless Steel Production Cost Trend showed pressure from alloy and energy inputs, compressing mill margins.
- Stainless Steel Demand Outlook improved for automotive and construction, supporting an uptick in Price Index.
- Inventory tightness at distributors and robust export enquiries reduced available supply, supporting mid-quarter price gains.
- Operational slowdowns at select Japanese mills reduced availability, influencing inland spot spreads and trade flows.
Why did the price of Stainless Steel HR Coil change in June 2026 in APAC?
- Reduced mill throughput and constrained imports tightened supply into Japan, pushing spot premiums higher regionally.
- Elevated alloy and energy costs increased production pressure, raising delivered costs and compressing margins further.
- Stronger automotive restocking and steady export enquiries drew down distributor inventories, supporting mid-month price gains.
Indonesia
- In Indonesia, the Stainless Steel HR Coil Price Index rose 6.59% quarter-over-quarter, driven by constrained slab supply.
- Stainless Steel Spot Price remained firm as low mill inventories supported Southeast Asian export offers.
Thailand
- In Thailand, the Stainless Steel HR Coil Price Index rose by 6.56% quarter-over-quarter, driven by alloy surcharges.
- Indonesian quota tightening pushed Stainless Steel Production Cost Trend, lifting mill surcharges and CFR parity.
Stainless Steel HR Coil Prices in Europe
- In Germany, the Stainless Steel HR Coil Price Index rose by 7.03% quarter-over-quarter, reflecting alloy surcharge pressure.
- The average Stainless Steel HR Coil price for the quarter was approximately USD 2718.67/MT, reflecting mill pass-through.
- Stainless Steel HR Coil Spot Price firmed as the Price Index rose, supported by constrained imports domestically.
- Stainless Steel Price Forecast signals moderate gains as seasonal lull meets persistent cost-push pressures broadly.
- Stainless Steel HR Coil Production Cost Trend remains upward due to elevated nickel, ferrochrome, electricity conversion costs.
- Stainless Steel HR Coil Demand Outlook balanced; automotive and engineering supported volumes, while appliance demand remained subdued.
- Service-centre destocking and exhausted quotas lifted the Stainless Steel Price Index, tightening prompt availability domestically.
- Mill order books closed; Ruhr mills defended premiums amid limited Asian arrivals, sustaining price momentum.
Why did the price of Stainless Steel HR Coil change in June 2026 in Europe?
- Higher alloy surcharges for nickel and ferrochrome raised mill cash costs, passing through into prices.
- Safeguard quotas exhausted and slower Asian arrivals reduced prompt supply, allowing Ruhr mills raise offers.
- Automotive and engineering demand and distributor restocking supported consumption, limiting downside pressure on spot prices.
Turkey
- In Turkey, the Stainless Steel HR Coil Price Index rose by 7.6% quarter-over-quarter, driven by import cost inflation.
- Stainless Steel HR Coil Spot Price firmed as Korean and Indonesian offers increased alloy surcharges, tightening availability
For the Quarter Ending March 2026
Stainless Steel HR Coil Prices in North America
- In the USA, the Stainless Steel HR Coil Price Index rose by 3.10% quarter-over-quarter, reflecting firmer imported offers.
- The average Stainless Steel HR Coil price for the quarter was approximately USD 3184.33/MT, CFR Alabama port.
- Limited spot availability kept the Stainless Steel HR Coil Spot Price elevated, service centres drew inventories lower.
- Near-term outlook shows Stainless Steel HR Coil Price Forecast with upside tied to freight and alloy surcharges.
- Rising alloy costs support Stainless Steel HR Coil Production Cost Trend, pressuring mill margins and underpinning prices.
- End-user buying strength improved the Stainless Steel HR Coil Demand Outlook, notably in appliances and energy equipment.
- Port logistics uncertainty and higher insurance premiums lifted Stainless Steel HR Coil Price Index March, tightening availability.
- Balanced import volumes and modest restocking by distributors tempered volatility despite regional geopolitical freight pressures.
Why did the price of Stainless Steel HR Coil change in March 2026 in North America?
- Red Sea Gulf tensions raised freight and insurance costs, increasing transit risk and landed costs.
- Alloy surcharges and firmer Asian offers elevated import landed values, squeezing arbitrage into US market.
- Service-center inventories remained lean while appliance and energy-sector rebuilds increased buying and reduced spot supply.
Stainless Steel HR Coil Prices in APAC
- In Japan, the Stainless Steel HR Coil Price Index fell by 3.43% quarter-over-quarter, due to balanced supply.
- The average Stainless Steel HR Coil price for the quarter was approximately USD 5361.33/MT, reflecting steady offers.
- Stainless Steel HR Coil Spot Price remained muted as Indonesian imports and ample inventories restrained transactional upside.
- Stainless Steel HR Coil Price Forecast shows modest volatility ahead, influenced by gradual raw-material cost pass-throughs only.
- Stainless Steel HR Coil Production Cost Trend edged higher as nickel and ferrochrome surcharges increased conversion expenses.
- Stainless Steel HR Coil Demand Outlook remained balanced with automotive restocking offsetting softer construction seasonal weakness trends.
- Stainless Steel HR Coil Price Index stability reflected unchanged mill offers, visible imports, and smooth logistical flows.
- Mill operating schedules stayed normal, and inventories were adequate, preventing acute supply-driven price spikes period.
Why did the price of Stainless Steel HR Coil change in March 2026 in APAC?
- Elevated nickel and ferrochrome surcharges raised production costs, prompting partial pass-through into mill list prices.
- Steady Indonesian and Korean arrivals supplied ample coil, capping domestic price upside amid cost pressures.
- Normal mill operating schedules and steady logistics maintained availability, preventing inventory draws and market tightening.
Stainless Steel HR Coil Prices in Europe
- In Germany, the Stainless Steel HR Coil Price Index rose by 2.378% quarter-over-quarter, driven by constrained supply domestically.
- The average Stainless Steel HR Coil price for the quarter was approximately USD 2540.00/MT, reported by Ruhr mills.
- Stainless Steel HR Coil Spot Price firmed as service centers restocked, reflecting tight inventories and steady industrial call-offs.
- Stainless Steel HR Coil Price Forecast indicates modest near-term upside as geopolitical freight risk and energy surcharges persist.
- Stainless Steel HR Coil Production Cost Trend remained higher due to electricity, natural-gas tariffs and alloy surcharge pressures.
- Stainless Steel HR Coil Demand Outlook stays stable, with automotive and appliance restocking offsetting weaker construction activity domestically.
- Stainless Steel HR Coil Price Index benefited from low distributor cover and constrained imports due to safeguard quotas.
- Domestic mill maintenance and Rhine logistics bottlenecks tightened prompt availability, allowing Ruhr producers to defend premiums.
Why did the price of Stainless Steel HR Coil change in March 2026 in Europe?
- Constrained crude-steel output and scheduled mill maintenance reduced prompt coil supply, tightening availability and lifting prices.
- Elevated electricity and natural-gas tariffs raised conversion costs, prompting mills to increase offers and preserve margins.
- Red Sea disruptions raised freight and alloy surcharges, extending lead times and increasing landed cost pressures.
For the Quarter Ending December 2025
Stainless Steel HR Coil Prices in North America
- In USA, the Stainless Steel HR Coil Price Index rose by 2.92% quarter-over-quarter, driven by import constraints.
- The average Stainless Steel HR Coil price for the quarter was approximately USD 2785.00/MT, reflecting tight inventories.
- Stainless Steel Spot Price firmed as lean port inventories and service-centre restocking significantly boosted buying.
- Stainless Steel HR coil Price Forecast shows volatility as seasonal restocking balances anticipated import arrivals, easing premiums.
- Stainless Steel Production Cost Trend slowed; alloy surcharge moderation trimmed mill extras, lowering costs slightly.
- Stainless Steel HR coil Demand Outlook constructive, led by automotive and infrastructure, while construction slowdowns temper momentum.
- Stainless Steel HR coil Price Index reflected tariff effects and freight declines, keeping import arbitrage versus mills.
- Domestic mills operated near maximum capacity, limiting supply growth and supporting higher domestic list prices.
Why did the price of Stainless Steel HR coil change in December 2025 in North America?
- Import restrictions and Section 232 duties tightened available supply, reducing tonnage and underpinning domestic price strength.
- Year-end restocking and resilient automotive activity increased spot buying, absorbing Asian arrivals and elevating short-term premiums.
- Freight declines and port throughput improvements lowered landed costs, preserving import competitiveness despite tariff-protected price floors.
Stainless Steel HR Coil Prices in APAC
- In Japan, Stainless Steel HR Coil Price Index fell by 19.71% quarter-over-quarter, reflecting import competition, subdued downstream demand.
- The average Stainless Steel HR Coil price for the quarter was approximately USD 5552.00/MT, ex-Tokyo list levels.
- Stainless Steel HR Coil Spot Price weakened as import arrivals compressed spreads and limited service-centre activity.
- Stainless Steel HR Coil Price Forecast shows month-to-month rebounds tempered by seasonal restocking and import competition.
- Stainless Steel HR Coil Production Cost Trend shows higher nickel and ferrochrome prices squeezing mill margins.
- Stainless Steel HR Coil Demand Outlook remains subdued with construction and automotive procurement cautious into year-end.
- Service-centre inventories and steady mill output pressured the Stainless Steel HR Coil Price Index throughout December.
- Export demand softness and import offers forced mills to cut list prices to defend market share.
Why did the price of Stainless Steel HR Coil change in December 2025 in APAC?
- Elevated import volumes widened discounts to domestic lists, increasing supply and depressing realized ex-works prices.
- Subdued downstream procurement from automotive, construction, and fabrication sectors reduced demand, limiting buyer restocking activity.
- Stable mill operations and flat energy costs resulted in no disruptions, allowing sellers to discount.
Stainless Steel HR Coil Prices in Europe
- In Germany, the Stainless Steel HR coil Price Index rose by 0.0655% quarter-over-quarter, reflecting mill discipline recently.
- The average Stainless Steel HR coil price for the quarter was approximately USD 2543.00/MT, reflecting muted demand.
- Stainless Steel HR coil Spot Price remained firm as imports were constrained and port logistics normalized recently.
- Stainless Steel HR coil Price Forecast suggests modest volatility supported by CBAM and seasonal restocking expectations ahead.
- Stainless Steel HR coil Production Cost Trend shows elevated energy and alloy surcharges moderating after summer peaks.
- Stainless Steel HR coil Demand Outlook remains weak but stable with hand-to-mouth purchasing from automotive sectors today.
- Stainless Steel HR coil Price Index movement was capped by high distributor inventories despite restrained mill offers.
- Mills maintained offers influenced by lower crude steel output and cautious service center buying patterns.
- Why did the price of Stainless Steel HR coil change in December 2025 in Europe?
- Reduced local output and lower crude steel production tightened domestic feedstock availability, supporting mill discipline.
- High distributor inventories and hand-to-mouth buying limited demand growth and constrained price increases during quarter.
- Elevated energy and alloy surcharges alongside CBAM regulatory uncertainty influenced cost structures and import competitiveness.
For the Quarter Ending September 2025
North America
- In USA, the Stainless Steel HR Coil Price Index fell by 0.47% quarter-over-quarter, reflecting tariff burdens and weak end-user demand.
- The average Stainless Steel HR Coil price for the quarter was approximately USD 3015/MT, reflecting modest declines in HRC coil values.
- Stainless Steel HR Coil Spot Price remained under pressure as tariff constraints and high inventory suppressed near-term demand.
- Stainless Steel HR Coil Price Forecast signals cautious upside limited by ongoing tariff impact and soft automotive demand.
- Stainless Steel HR Coil Production Cost Trend remains elevated due to energy costs and logistics, constraining margin recovery.
- Stainless Steel HR Coil Demand Outlook in North America remains soft amid construction slowdowns and vehicle market softness.
- Stainless Steel HR Coil Price Index trends align with a cautious buyers mindset, limiting restocking and pressuring spot liquidity trends.
- Stainless Steel HR Coil Spot Price volatility reflects mix of tariff-inflated landed costs and supplier capacity discipline notably.
Why did the price of Stainless Steel HR Coilchange in September 2025 in North America?
- Tariff burdens and import restrictions remained the dominant drivers of price movement in September 2025.
- Weak domestic demand in construction and automotive sectors constrained restocking and pressured spread profitability significantly.
- Logistics costs and tariff layers further elevated landed costs, shaping pricing discipline among US mills.
APAC
- In Japan, the Stainless Steel HR Coil Price Index fell by 9.88% quarter-over-quarter in Q3 2025, margins.
- The Stainless Steel HR Coil price for the quarter was USD 6915/MT, signaling modest stability in Japan.
- Stainless Steel HR Coil Spot Price tracks Price Index as Price Forecast remains cautious Production Cost Trend.
- Demand Outlook remains mixed, constrained by construction slowdowns and inventory, though automotive demand supports applications.
- Price Index signals tentative stabilization with restocking as mills balance pricing discipline with export competition.
- Production Cost Trend remains upward pressure from energy and alloy inputs, narrowing margins for premium stainless products in modernization cycles.
- Stainless Steel HR Coil Spot Price declines are modest, reflecting ample supply despite resilient end-use demand in sectors.
- The Price Forecast remains conservative for Q4, given inventory levels and competitive imported material pressures.
- Inventory dynamics in APAC regions influence pricing, with distributors cautious and mills prioritizing capacity utilization over aggressive pricing and regions.
- Feedstock costs and energy price volatility continue to shape Stainless Steel HR Coil pricing strategies across Asia and globally.
Why did the price of Stainless Steel HR Coil change in September 2025 in APAC?
- Automotive rebound supported demand in Japan, offsetting construction and machinery weakness, noted.
- Battery and aerospace sectors restocked little, keeping spot price movements modest recently.
- Logistics constraints and regional competition continued to pressure price adjustments in September.
Europe
- In Germany, the Stainless Steel HR Coil Price Index fell by 1.35% quarter-over-quarter, in Q3 2025, due to imports.
- The average Stainless Steel HR Coil price for the quarter was approximately USD 2541.33/MT, reflecting muted demand.
- Stainless Steel HR Coil Spot Price softened further, with the Price Index signaling a bearish stance amid import competition.
- Stainless Steel HR Coil Price Forecast remains cautious, as the Demand Outlook suggests gradual stabilization but thin margins persist.
- Production Cost Trend remains elevated in Germany due to energy and raw material costs pressures.
- Stainless Steel HR Coil Demand Outlook remains mixed, with automotive strength partially offset by weak construction activity.
- Stainless Steel HR Coil Price Index shows ongoing volatility as feedstock costs and currency dynamics influence margins.
- Stainless Steel HR Coil Spot Price movements reflect distributor inventory strategies and regional protective measures shaping regional pricing.
- Stainless Steel HR CoilSpot Price trends align with imported steel pricing, reinforcing domestic mills' cautious pricing approaches.
Why did the price of Stainless Steel HR Coil change in September 2025 in Europe?
- Oversupply from imports and weak construction demand continue weighing on Stainless Steel HR Coilprices in Europe.
- High energy and input costs compress producer margins and limit price flexibility for Europe, notably.
- CBAM and safeguard measures provide some price protection but contribute to market uncertainty and cautious purchasing.
