What are the future trends for colour coated coils sheets?

2024-11-20 09:34:42

This post will introduce you to the trend of colour-coated coils and color coated sheets, so keep reading!

Future trends in color coated steel coils mainly include falling prices, low capacity utilisation, high inventories and diversification of export markets.

Price trends

Color coated coil prices in 2023 and the first half of 2024 are showing a downward trend. 2023 color coated sheet prices fell by 11% throughout the year, the first half of 2024 color coated steel sheet prices also showed a steady downward trend, the first half of the highest point of 5,903 yuan / tonne, the lowest point of 5,581 yuan / tonne, the overall price level of the lowest level for the past four years.

Capacity utilisation and inventory situation

The capacity utilisation rate of colour coated sheet roll has been at a low level in the last three years, remaining fluctuating between 55% and 64% in both 2023 and the first half of 2024.

In addition, the total inventory of colour coated steel sheet and coil is also at a high level, with a slow pace of demineralisation and a long inventory accumulation cycle.

Export trend

The export volume of color steel coil has maintained a steady growth in recent years, with the total export volume of 4.16 million tonnes from January to July 2024, a year-on-year growth of 16.2%.

The trend of export market diversification is obvious, in addition to the traditional Southeast Asia, South Asia market, Europe, Africa and other places have become important export destinations.