Stainless steel HRC price October 2024 and outlook (see chart below)
- North America:US$3.17/KG, unchanged
- Europe:US$2.19/KG, 0.5% up
- Northeast Asia:US$1.02/KG, unchanged
Stainless steel HRC price index
This post is a summary of the Stainless steel HRC price developments. The price developments of Stainless steel HRC are expressed in US$ prices converted FX rates applicable at the time when the price was valid. Stainless steel HRC price index developments are calculated from multiple separate sources of data to ensure statistical accuracy.
The outlook for Stainless steel HRC prices is generated from different inputs including:
- Very recent price developments of immediate cost drivers of Stainless steel HRC prices
- Recent price developments of underlying feedstocks which drive the price of Stainless steel HRC
- Market futures for both cost drives and feedstocks of Stainless steel HRC prices
- Adjustment of current supply/demand imbalances in the Stainless steel HRC market
- Longer term trends in likely demand conditions
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