SMM analysis projects iron ore prices to trend strong in September as steel mills complete maintenance and ramp up hot metal production, lifting ore demand. Rising coke prices are expected to add further cost support. Demand recovery is anticipated with the peak season, though overall upside may be capped by still-weak end-market conditions.
Coal prices have risen sharply over recent weeks amid strong demand from industrial users. Textile processors, for whom coal represents a significant portion of operating costs, are facing increased production expenses. Industry associations are deliberating on pricing strategies to offset the higher fuel costs.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Cold Rolled Steel | North America | FOB | USD 1,467.00/MT | July 2026 |
| Cold Rolled Steel | North America | FOB | USD 1,430.00/MT | June 2026 |
Stay updated with the latest Cold Rolled Steel Sheet prices, historical data, and tailored regional analysis
During Q2 2026, Asian cold-rolled steel sheet prices moved upward in April and early May before softening through late May and June. Higher raw-material costs and firmer HRC initially supported CRC production costs, but demand failed to sustain the increase. Chinese finished and semi-finished steel loading volumes reached 12.843 million MT in April, up 2.3% month on month and 20% year on year, showing strong export volumes early in the quarter. Chinese crude steel production declined 2.8% year on year in April and 2.7% in May, which helped limit excess supply pressure. India moved differently, with crude steel output rising 3.9% year on year in April and 1.9% in May, while softer downstream buying placed pressure on CRC during the quarter.
Analyst Insight
According to Procurement Resource, near-term prices are expected to remain soft to range-bound as weak demand limits gains, while elevated raw-material costs provide some support.
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During Q1’26, cold rolled steel sheet prices in Asia followed a slightly declining trend, mainly due to elevated supply availability and weak downstream procurement. The prices were ~3.96 RMB/kg (Spot FD) in January and ~3.93 RMB/kg in March, indicating a marginal decrease across the quarter. Last quarter prices are ~2.56% lower compared to the previous quarter, while from January to March, prices decreased by ~0.76%. In the early part of the quarter, demand softened as industrial activity slowed during the Lunar New Year holidays, which reduced buying from construction, appliances, and manufacturing sectors. As the quarter progressed, inventories remained high because end-user consumption did not recover strongly enough to absorb available material. March saw some improvement as construction activity resumed and manufacturing buyers returned to the market, but elevated stock levels and cautious procurement limited any meaningful rebound. Export disruptions linked to the Strait of Hormuz also increased domestic supply availability, which added further pressure on prices.
Cold Rolled Steel Sheet are typically utilised for engineered products where high tolerances, concentricity, straightness and surface condition are required. The term ‘cold rolled’ basically refers to the rolling of flat-rolled sheet and coil products. The production process of cold rolled steel produces steel with closer dimensional tolerances and a broader range of surface finishes. Thus, cold-rolled steel offers superior strength and machinability.
Industrial machinery, Architectural components, Automobiles, Washing machines, Refrigerators
JSW Steel Coated Products Limited, Jindal Stainless Steelway Limited, Tata Iron Syndicate, Gaurang Product Private Limited, Shri Laxmi Steel Suppliers
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
In cold reduction mills, hot rolled steel is further processed and the material is cooled followed by annealing and/or tempers rolling, thus forming cold rolled steel, which is further processed to obtain the desired product.
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