HRC prices decreased by 1.8% Q-o-Q due to a seasonal slowdown and weak end-user demand. Prices are expected to rise slightly in Q1’25, driven by Trump’s aggressive tariff policies and a projected increase in construction demand.

HRC prices fell 5.2% Q-o-Q in Dec’24, driven by lower input costs as well as subdued demand. Prices are expected to rise slightly due to import restrictions and potential production cuts, which could tighten supply and contribute to a price rebound in early 2025.

HRC prices rose by 15.1% Q-o-Q in Dec’24, driven by increased demand fueled by government incentives. However, prices are expected to stabilize as the industry continues to face downward pressure from weak demand, lower raw material costs, and a challenging export environment.