Well, let’s chew the fat about this here cold rolled coil price thing. I ain’t no fancy expert, ya know, but I hear things, I see things.
Folks been talkin’ ’bout how these prices been jumpin’ around like a frog on a hot skillet. One minute they up, next minute they down, makes a body dizzy, I tell ya.
- Some say it’s gonna keep droppin’ like a rock, maybe another two hundred, two hundred fifty dollars a ton, they say.
- But then others, they scratch their heads and say, “Hold on now, maybe it’ll drag out into next year, this droppin’ business.”
Now, these smarty-pants fellas, they do their number crunchin’ and whatnot. One bunch of ’em, they reckon the price gonna be around 616 and some change in a year. That’s a lot of money, even if it’s just numbers on a paper.
I saw somethin’ in the newspaper, well, my grandson read it to me, ’bout some fellas over in that Fitch place. They say the price all over the world, on average like, gonna be ’bout 730 dollars a ton by 2025. But then they say it might go up higher in America ’cause they wanna keep them foreign steel folks from sellin’ too much here. Politics, ya know, always messin’ with things.
This here cold rolled coil, it’s used for all sorts of stuff, they tell me. From cars to buildings, to who knows what else. And everybody, from them big shot investors to the fellas sellin’ the stuff, they wanna know where the price is headin’. They use somethin’ called the CRU index, whatever that is, to figure it out.
I heard tell that things ain’t lookin’ too good for the price. Some folks who watch this stuff close say the price gonna stay low for a while. Seems like folks ain’t buyin’ as much stuff as they used to, and that means the price gotta come down, or so they say.
This year, the price been doin’ all sorts of crazy things. In some places it went up, in some places it went down, just like the weather, unpredictable as a mule.
There’s even them fellas that try to guess the price a whole year out. They got their charts and their graphs, tryin’ to make sense of it all. Me, I just look at how much things cost at the store, that’s my kinda price checkin’.
Now, they talk about a lot of steel bein’ used, somethin’ ’bout 130 thousand tons last year, and they think it’s gonna keep growin’. Maybe up to 190 thousand tons, they say, by 2034. That’s a whole lotta steel, more than I can even picture.
Just this past spring, over in Europe, the price went up. Them steel makers over there, they kept their prices high, didn’t wanna budge, stubborn as an old goat.
So, what’s the bottom line? Well, if I knew that, I’d be sittin’ pretty on a pile of money, wouldn’t I? But from what I hear, this here cold rolled coil price ain’t settlin’ down anytime soon. It’s gonna keep on wiggling and wobbling, and folks just gotta keep their eyes peeled and their wits about ’em.
And that, my friend, is what I know ’bout this whole cold rolled coil price forecast mess. It ain’t pretty, but it’s the truth, as far as I can see it.
Key takeaways: The price is jumpin’ around like crazy, some think it’s gonna drop, others think it might go up. Nobody really knows for sure. They’re talkin’ big numbers, lots of tons of steel. And like most things in life, it all comes down to how much folks are buyin’ and sellin’. Keep your eyes peeled and your wits about ya, that’s the best advice I can give ya.
Remember, this ain’t fancy talk, just plain speakin’ about this here steel price business. Don’t expect no fancy words from me, I just tell it like it is, same as I always have.
