HRC Steel rose to 847.04 USD/T on August 1, 2025, up 0.84% from the previous day. Over the past month, HRC Steel's price has fallen 4.29%, but it is still 24.38% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for HRC Steel.

Track SS Hot Rolled Coil (HRC) price trends with monthly, quarterly, and yearly data for 2024–2025. Get real-time updates, regional insights, and price forecasts for smarter procurement decisions.

Why did the Hot Rolled Coils Price Change in May 2025? The Hot Rolled Coil (HRC) Price Index in North America region settled in Q1 2025 at USD 1212/MT for HR Coil (1.5 mm) DEL Illinois, sustaining stability in comparison to Q4 2024 despite notable intra-quarter fluctuations.

After demand for steel dropped during the arrival of the COVID-19 pandemic in 2019, steel prices also took a hit. However, in 2021, hot-rolled coil (HRC) steel prices were projected to rebound to around *** U.S. dollars per metric ton—a ** percent recovery from the dip in prices that had continued into 2020. The U.S. market by the end of 2021 The United States is among the markets where hot-rolled coil (HRC) steel prices are the highest in the world. It was expected that U.S. steel distributors and producers, such as Nucor and United States Steel, would benefit from the steel tariffs on U.S. imports that came into effect in the spring of 2018. At the same time, U.S. imports from the countries subjected to the so-called Section 232 tariffs were projected to decline. By the end of 2021, Canada was the main country of origin for the U.S.’s imports for consumption of steel products. Impact on the Chinese market Even though a large part of China's steel exports to the United States had already been restricted through antidumping or countervailing duties, trade tensions put pressure on steel markets worldwide, including China. Chinese steel product imports amounted to ***** million U.S. dollars, making it the ninth country of origin for steel products in the United States. Overall, rolled steel was the seventh largest category of Chinese export goods in 2021, amounting to almost *** billion yuan (approximately ** billion U.S. dollars). This comes after China's steel sector had a drop in sales to its domestic auto sector in early 2019.

Hot Rolled Coil Steel Market size was valued at USD 195.26 Billion in 2024 and is projected to reach USD 275.1 Billion by 2032, growing at a CAGR of 4.83% during the forecast period 2026-2032.

Global Hot Rolled Coil Steel Market Drivers

Rising Demand from End-Use Industries: Hot rolled coil steel is used in a variety of industries, including automotive, construction, machinery manufacturing, and infrastructure. As industrialization progresses, especially in emerging markets, the demand for HRC steel has surged. The automotive sector, in particular, requires high-strength, lightweight materials to meet the increasing need for fuel-efficient and durable vehicles. Similarly, the construction industry demands HRC steel for structural beams, pipelines, and other construction materials. With rapid urbanization in developing countries, these industries continue to drive the demand for hot-rolled coil steel.

Economic Growth and Infrastructure Development: As global economies recover and grow, particularly in Asia and Africa, there is a significant push towards infrastructure development. Governments are investing heavily in large-scale construction projects such as highways, bridges, and residential complexes. These projects require vast quantities of steel, including hot-rolled coils, which are favored for their strength and versatility. For instance, India, China, and Southeast Asian countries are experiencing significant economic growth, further bolstering the demand for HRC steel.

Technological Advancements in Steel Manufacturing: The steel manufacturing industry is undergoing significant technological advancements, which improve the efficiency and cost-effectiveness of producing hot-rolled coil steel. Modern rolling mills with advanced control systems allow for higher precision in the manufacturing process, improving the quality and consistency of HRC steel. Innovations such as continuous casting and automated rolling processes reduce production costs, thus making HRC steel more affordable and accessible to industries across the globe. These advancements also contribute to a reduction in energy consumption, making the production process more sustainable.

The global hot-rolled coils (HRC) market is projected to reach a value of $251.1 million by 2033, exhibiting a CAGR of 3.3% during the forecast period (2023-2033). The growth in the market can be attributed to the increasing demand from the construction, transport, energy, and machinery industries. Construction remains the dominant application segment, owing to the ongoing urbanization and infrastructure development projects across various regions. Currently, the market is witnessing a few restraining factors such as geopolitical uncertainties, fluctuations in raw material prices, and the rising popularity of cold-rolled coils in certain applications. However, the growing focus on sustainability and the adoption of advanced technologies are anticipated to create lucrative opportunities for market expansion in the future. Key market players include ArcelorMittal, China Baowu Steel Group, Nippon Steel & Sumitomo Metal, JFE Steel Corporation, and Ansteel Group, among others. Hot-rolled coils (HRC) are a type of flat steel that is produced by rolling hot-rolled steel slabs through a series of rolls. HRC is used in a variety of applications, including the construction, automotive, and appliance industries. The global HRC market is expected to grow at a CAGR of 3.5% from 2021 to 2028, reaching a value of USD 265 billion by the end of the forecast period.

Automotive Grade HRC Steel Market Outlook

The global automotive grade Hot Rolled Coil (HRC) steel market size was valued at approximately USD 12.5 billion in 2023 and is anticipated to reach around USD 20.3 billion by 2032, reflecting a compound annual growth rate (CAGR) of 5.6% during the forecast period. The market growth is driven by the increasing demand for lightweight yet durable materials in the automotive industry, as manufacturers strive to meet stringent emission standards and fuel efficiency requirements.

One of the significant growth factors for the automotive grade HRC steel market is the rising adoption of Advanced High-Strength Steel (AHSS) in vehicle manufacturing. These steels are known for their high strength-to-weight ratio, which enables manufacturers to produce lighter vehicles without compromising on safety and performance. This is particularly crucial as automotive companies aim to reduce the overall weight of vehicles to improve fuel efficiency and adhere to regulatory norms concerning emissions. Additionally, the versatility of HRC steel in forming various automotive components, from structural elements to body panels, enhances its appeal to automakers.

Another critical driver is the increasing production and sales of automobiles worldwide. With the surge in urbanization and the rise in disposable incomes, especially in developing nations, there is a growing demand for passenger and commercial vehicles. Consequently, this demand propels the need for high-quality, durable materials like HRC steel, which can withstand rigorous use and offer enhanced longevity. Moreover, the rapid advancements in automotive technologies, such as electric and autonomous vehicles, further fuel the need for advanced materials that can meet the unique requirements of these innovative vehicular architectures.

Technological advancements in steel manufacturing are also playing a pivotal role in driving the market. Innovations such as the development of new steel grades and improved manufacturing processes are leading to the production of superior quality HRC steel. These advancements not only enhance the mechanical properties of the steel but also make the manufacturing process more cost-effective and environmentally friendly. The ability to produce high-performance steel at a reduced cost is a significant factor that accelerates its adoption in the automotive sector.

From a regional perspective, the Asia Pacific region dominates the automotive grade HRC steel market due to its large automotive manufacturing base and the presence of key players in the steel industry. Countries like China, India, and Japan are significant contributors to the market growth in this region. North America and Europe are also substantial markets, driven by the strong presence of automotive giants and stringent regulatory standards that push for advanced materials in vehicle manufacturing. Meanwhile, regions such as Latin America and the Middle East & Africa are witnessing gradual growth, supported by increasing industrialization and economic development.

Type Analysis

The automotive grade HRC steel market by type encompasses several key segments: High Strength Low Alloy (HSLA), Dual Phase (DP), Transformation Induced Plasticity (TRIP), Complex Phase (CP), and others. Each type of steel offers unique properties that cater to specific applications within the automotive industry. HSLA steels, for instance, are known for their strength and toughness, which make them ideal for structural components in vehicles. These steels are alloyed with small amounts of elements like niobium, vanadium, and titanium, which enhance their mechanical properties without significantly increasing their weight.

Dual Phase (DP) steels are particularly valued for their excellent combination of strength and ductility. These steels consist of a ferrite matrix with a dispersed phase of martensite. The unique microstructure of DP steels allows them to undergo significant deformation before failure, making them suitable for applications that require high formability and energy absorption, such as body panels and safety components in vehicles. The high strength of DP steels also contributes to reducing the overall weight of the vehicle, which is a critical factor in achieving better fuel efficiency.

Transformation Induced Plasticity (TRIP) steels are another important type within the automotive grade HRC steel market. TRIP steels exhibit an exceptional blend of strength, ductility, and toughness due to their multiphase microstructure, which includes ferrite, bainite, and retai

Get the latest insights on price movement and trend analysis of Hot Rolled Coil in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Hot Rolled Coil Steel Market Outlook

The global hot rolled coil steel market size was estimated at USD 200 billion in 2023 and is projected to reach approximately USD 300 billion by 2032, registering a CAGR of 4.5% during the forecast period. The growth of the market is largely driven by the increasing demand in the construction and automotive sectors. Hot rolled coil steel (HRC) is a fundamental material used in various industries due to its versatility, durability, and cost-effectiveness.

One of the primary growth factors for the hot rolled coil steel market is the robust development within the construction industry. The need for infrastructural development, particularly in emerging economies, is driving the demand for HRC. Governments around the world are investing heavily in infrastructure projects such as bridges, roads, and buildings, which in turn fuels the demand for durable construction materials like hot rolled coil steel. Additionally, the increasing urbanization and industrialization across various regions are contributing significantly to market growth.

Another crucial factor propelling the market is the burgeoning automotive industry. Hot rolled coil steel is extensively used in manufacturing automobile components due to its high strength and formability. The global automotive industry is experiencing significant growth, especially in countries like China and India, where the demand for vehicles is rising rapidly. This surge in automotive production is expected to further elevate the demand for hot rolled coil steel over the forecast period. Moreover, the trend of electric vehicles (EVs) is creating new avenues for HRC applications, thus amplifying market expansion.

Moreover, the machinery and energy sectors are also contributing to the market growth. The machinery industry, which encompasses a wide range of applications from industrial machinery to agricultural equipment, relies heavily on HRC for its production processes. Similarly, the energy sector, particularly renewable energy projects such as wind turbines, requires substantial quantities of hot rolled coil steel. The global push towards renewable energy sources is expected to sustain the demand for HRC in the coming years. Additionally, the ongoing advancements in production technologies and the development of high-strength, low-weight steel variants are likely to offer lucrative opportunities for market players.

Hot Rolled Channel, a specific type of steel product, is gaining traction in various industrial applications due to its unique structural properties. Unlike other steel products, hot rolled channels are characterized by their U-shaped cross-section, which provides excellent strength and rigidity. This makes them particularly suitable for use in construction projects, where they are often employed as support beams and frameworks. The versatility of hot rolled channels also extends to the automotive industry, where they are used in manufacturing chassis and other structural components. Their ability to withstand high stress and load conditions makes them a preferred choice in sectors that demand durability and reliability.

Regionally, Asia Pacific dominates the hot rolled coil steel market, driven by rapid industrialization and urbanization in countries like China and India. North America and Europe are also significant markets, attributed to the established automotive and construction industries. Additionally, Latin America and the Middle East & Africa are experiencing steady growth, fueled by infrastructural development and energy projects. The regional outlook indicates a diverse demand pattern, influenced by local industrial growth and economic conditions.

Product Type Analysis

The hot rolled coil steel market is segmented by product type into low carbon steel, medium carbon steel, and high carbon steel. Low carbon steel, also known as mild steel, is widely utilized due to its excellent weldability and malleability. This type of steel is predominantly used in the construction industry for structural applications such as beams and columns. Its low cost and ease of production make it a preferred choice for many manufacturers. The increasing number of construction projects, especially in developing regions, is expected to drive the demand for low carbon steel.

Medium car

Steel fell to 3,188 CNY/T on July 31, 2025, down 1.24% from the previous day. Over the past month, Steel's price has risen 5.21%, and is up 6.27% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Steel - values, historical data, forecasts and news - updated on August of 2025.

AI-powered price forecasts for HRC stock across different timeframes including weekly, monthly, yearly, and multi-year predictions.

Hot Rolled Coils (HRC) Market Outlook

The global Hot Rolled Coils (HRC) market size was valued at approximately USD 150 billion in 2023 and is projected to reach around USD 220 billion by 2032, growing at a CAGR of 4.5% during the forecast period. The robust growth of this market can be attributed to increasing demand from the construction and automotive sectors, coupled with advancements in manufacturing technologies that boost production efficiency.

One of the primary growth factors for the HRC market is the booming construction industry worldwide. The expansion of urban areas and the development of infrastructure in emerging economies have led to a surge in the demand for steel products, including hot rolled coils. Additionally, governmental initiatives to develop smart cities and upgrade existing infrastructure are significantly contributing to market growth. The use of HRC in structural applications such as beams, columns, and girders is rising due to its excellent mechanical properties and cost-effectiveness.

Another significant growth driver is the automotive industry's continual evolution. Vehicle manufacturing requires robust and durable materials, making HRC an ideal choice for automotive components such as chassis, frames, and wheels. The increasing production of electric vehicles (EVs) is also expected to spur demand, as lightweight and high-strength materials are crucial for enhancing vehicle efficiency and performance. Furthermore, stringent emission regulations and fuel efficiency standards are pushing automotive manufacturers to adopt high-quality HRC, which offers better strength-to-weight ratios.

The machinery and energy sectors also play pivotal roles in the market's expansion. In the machinery sector, HRC is extensively used in manufacturing heavy equipment and industrial machinery. The energy sector, particularly renewable energy, requires large quantities of steel for constructs like wind turbines and solar panel supports. As global energy needs shift towards sustainable sources, the demand for HRC in these applications is expected to rise. The versatile properties of HRC, including its weldability and high tensile strength, make it suitable for various industrial applications, further driving market growth.

The Hot Rolled Carbon Steel Plate is a crucial component in various industrial applications due to its excellent strength and durability. This type of steel plate is widely used in the construction of bridges, buildings, and other infrastructure projects where structural integrity is paramount. Its ability to withstand high stress and pressure makes it ideal for heavy-duty applications. Moreover, the ease of fabrication and welding of hot rolled carbon steel plates enhances their versatility, allowing them to be tailored to specific project requirements. As the demand for robust construction materials continues to rise, the market for hot rolled carbon steel plates is expected to grow, driven by their indispensable role in ensuring the safety and longevity of infrastructure developments.

From a regional perspective, Asia Pacific dominates the HRC market, driven by robust industrialization and urbanization in countries like China and India. North America and Europe also hold significant shares due to their advanced automotive and construction industries. In contrast, Latin America and the Middle East & Africa are witnessing steady growth, supported by infrastructure development and expanding industrial bases. The strategic investments in these regions are likely to enhance market dynamics and create new opportunities for market players.

Product Type Analysis

The Hot Rolled Coils market is segmented by product type into low carbon steel, medium carbon steel, high carbon steel, and others. Low carbon steel holds a significant share in the market due to its widespread use in construction and automotive sectors. Its properties like high ductility, malleability, and ease of fabrication make it suitable for a variety of applications. The demand for low carbon steel is further amplified by its cost-effectiveness, which is a critical factor for large-scale construction projects and automotive manufacturing.

Hot Rolled Patterned Steel is gaining traction in the market due to its unique surface patterns that enhance both aesthetic appeal

Uncover Market Research Intellect's latest Automotive Grade HRC Steel Market Report, valued at USD 12.5 billion in 2024, expected to rise to USD 18.9 billion by 2033 at a CAGR of 5.8% from 2026 to 2033.

Global HRC Fuses market size 2025 was XX Million. HRC Fuses Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

The global Hot-Rolled Coils (HRC) market, valued at $253.6 million in 2025, is projected to experience steady growth, driven by robust demand from the construction and automotive sectors. A Compound Annual Growth Rate (CAGR) of 3.4% from 2025 to 2033 indicates a consistent, albeit moderate, expansion. This growth is fueled by ongoing infrastructure development globally, particularly in emerging economies, which necessitates large quantities of HRC for construction projects. The automotive industry's reliance on HRC for car body manufacturing further contributes to market demand. However, fluctuating raw material prices, particularly iron ore and coking coal, pose a significant challenge, potentially impacting profitability and influencing price volatility. Furthermore, increasing environmental regulations concerning carbon emissions from steel production are leading manufacturers to invest in cleaner technologies, which adds to production costs and could restrain market growth in the short term. Competition within the market is intense, with major players like ArcelorMittal, China Baowu Steel Group, and Nippon Steel & Sumitomo Metal vying for market share. Strategic alliances, technological advancements, and expansion into new markets are key competitive strategies observed. The segmental breakdown of the HRC market, while not explicitly provided, is likely diversified across various gauges and grades catering to specific applications. The geographical distribution is expected to show a concentration in regions with significant manufacturing and construction activity, such as Asia-Pacific, North America, and Europe. However, shifts in manufacturing hubs and infrastructure investments could reshape the regional landscape over the forecast period. The future outlook for the HRC market remains positive, contingent on the successful mitigation of raw material price fluctuations and the continued implementation of sustainable steel production practices. Continuous technological innovation and efficient supply chain management will play critical roles in shaping the market's trajectory in the coming years.

Get key insights from Market Research Intellect's Hot-Rolled Coils (HRC) Market Report, valued at USD 200 billion in 2024, and forecast to grow to USD 300 billion by 2033, with a CAGR of 6.0% (2026-2033).

Stay updated with Market Research Intellect's Hot Rolled Coil Steel Market Report, valued at USD 210 billion in 2024, projected to reach USD 290 billion by 2033 with a CAGR of 4.5% (2026-2033).

China Settlement Price: Shanghai Future Exchange: Hot Rolled Coil: 2nd Month data was reported at 3,144.000 RMB/Ton in 09 May 2025. This records a decrease from the previous number of 3,168.000 RMB/Ton for 08 May 2025. China Settlement Price: Shanghai Future Exchange: Hot Rolled Coil: 2nd Month data is updated daily, averaging 3,741.000 RMB/Ton from Mar 2014 (Median) to 09 May 2025, with 2707 observations. The data reached an all-time high of 6,617.000 RMB/Ton in 12 May 2021 and a record low of 1,702.000 RMB/Ton in 30 Nov 2015. China Settlement Price: Shanghai Future Exchange: Hot Rolled Coil: 2nd Month data remains active status in CEIC and is reported by Shanghai Futures Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZB: Shanghai Futures Exchange: Commodity Futures: Settlement Price: Daily.