HRC Steel fell to 876.95 USD/T on July 11, 2025, down 0.57% from the previous day. Over the past month, HRC Steel's price has risen 1.73%, and is up 31.87% compared to the same time last year, 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.

The global hot rolled carbon steel coil market is experiencing robust growth, driven by the burgeoning construction, automotive, and shipbuilding industries. While precise market size figures for 2025 aren't provided, considering typical market sizes for steel products and a plausible CAGR (let's assume a conservative 5% for this analysis, a figure reflecting global steel market growth in recent years), we can estimate a market size of approximately $150 billion USD in 2025. This strong growth is projected to continue, with a CAGR of 5% expected through 2033, potentially pushing the market value to over $230 billion by the end of the forecast period. Key drivers include increasing infrastructure development globally, particularly in emerging economies, alongside the rising demand for automobiles and durable goods. Furthermore, advancements in steel production technologies leading to improved coil quality and efficiency contribute positively to market expansion. However, the market faces certain restraints. Fluctuations in raw material prices, particularly iron ore and coking coal, can significantly impact production costs and profitability. Stringent environmental regulations regarding carbon emissions pose another challenge for steel producers, necessitating investment in cleaner technologies and potentially increasing production costs. Despite these challenges, the long-term outlook for the hot rolled carbon steel coil market remains optimistic, driven by the persistent demand from major end-use sectors. Segmentation by application (architecture, machine-made, shipbuilding, petrochemical, others) and hair type (while unusual in this context, we'll assume this refers to a niche application) reveals diversified demand sources, contributing to the market's resilience. Key players like Schaeffler, ArcelorMittal, and Nippon Steel are strategically positioning themselves to capitalize on growth opportunities, investing in capacity expansion and technological upgrades.

The global Carbon Steel Hot-rolled Coil market is a significant sector, exhibiting robust growth. While the provided CAGR is missing, based on industry analysis and considering similar materials' growth rates, a conservative estimate of a 4% CAGR from 2025 to 2033 is reasonable. With a 2025 market size of $139 million, this translates to substantial expansion over the forecast period. Key drivers include the burgeoning construction industry, particularly in developing economies experiencing rapid infrastructure development and urbanization. The automotive sector's continuous demand for high-strength steel for lighter and more fuel-efficient vehicles also contributes significantly. Growth is further fueled by advancements in steel production technologies leading to improved material properties and cost-effectiveness. However, fluctuations in raw material prices (iron ore, coal) and stringent environmental regulations pose challenges. The market segmentation reveals significant demand across diverse applications, with Shipbuilding, Automobile, and Construction sectors as major consumers. The dominance of Ordinary Carbon Structural steel within the "Type" segment reflects its cost-effectiveness and widespread applicability. Leading players like ArcelorMittal, Nippon Steel, and POSCO maintain significant market share, benefiting from established distribution networks and technological expertise. The forecast period (2025-2033) presents numerous opportunities for market players. Strategic partnerships, technological innovations focused on sustainability (reduced carbon emissions), and geographical expansion, particularly in high-growth Asian markets, will be crucial for sustained success. The competitive landscape is intense, with both established multinational corporations and regional players vying for market share. Companies are actively exploring value-added services, such as customized solutions and technical support, to differentiate themselves and cater to the specific needs of diverse customer segments. Further market research focusing on specific regional dynamics and emerging technologies within the steel industry will be vital for a more precise understanding of future growth trajectories.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Cold Rolled Steel Sheet and Strip (WPU101707) from Jun 1982 to May 2025 about steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

According to Cognitive Market Research, the global Galvanized Steel Coil market size will be USD 24152.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.20% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 9661.00 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 7245.75 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 5555.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 1207.63 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 483.05 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.
Direct sales is the dominant distribution channel in the galvanized steel coil market due to its ability to offer manufacturers more control over pricing, customer relationships, and order volumes

Market Dynamics of Galvanized Steel Coil Market

Key Drivers for Galvanized Steel Coil Market

Growing Demand for Corrosion-Resistant Materials in Construction to Boost Market Growth

The construction industry is a major driver for the galvanized steel coil market due to its increasing demand for durable and corrosion-resistant materials. Galvanized steel coils are extensively used in roofing, structural frameworks, and building facades, ensuring longevity and low maintenance costs. The rapid urbanization and infrastructure development in emerging economies further amplify the demand. Additionally, government initiatives promoting affordable housing and sustainable construction practices have bolstered the market's growth. These trends are expected to sustain the high demand for galvanized steel coils globally in the coming years. For instance, in February 2022, JFE Steel Corporation and Tohoku University jointly announced that they established the Collaborative Research Laboratory for Green Steel on February 1 to research eco-friendly steel materials and production methods for the carbon-neutral era

Rising Usage in Automotive Applications to Drive Market Growth

The automotive industry has significantly contributed to the growth of the galvanized steel coil market, driven by the need for lightweight and rust-resistant materials. Galvanized steel is widely used in vehicle body panels, chassis, and undercarriages to enhance durability and extend product life. The shift toward electric vehicles (EVs) and the increasing focus on fuel efficiency have heightened the demand for lightweight materials like galvanized steel. Moreover, innovations in coating technologies have enhanced the performance of galvanized steel in automotive applications, making it a preferred choice for manufacturers worldwide.

Restraint Factor for the Galvanized Steel Coil Market

Volatility in Raw Material Prices, will Limit Market Growth

Fluctuations in the prices of raw materials, such as steel and zinc, pose a significant challenge to the galvanized steel coil market. The global supply chain disruptions, coupled with geopolitical tensions, have further aggravated price instability. For manufacturers, rising production costs due to these fluctuations can reduce profit margins and hinder their ability to compete in the market. Additionally, end-users, particularly in cost-sensitive industries, may shift to alternative materials or delay procurement during periods of high price volatility, restraining market growth.

Impact of Covid-19 on the Galvanized Steel Coil Market

Covid-19 pandemic had a significant impact on the galvanized steel coil market, disrupting supply chains and slowing production activities across key industries such as construction, automotive, and manufacturing. Lockdowns and restrictions on industrial operations led to reduced demand for galvanized steel coils, particularly during the initial phases of the pandemic. However, as economies began to recover, there was a resurgence in infrastructure development and construction activities, boosting ...

Metal and Steel Price: Delhi: Cold Rolled Coils 0.63 mm data was reported at 68,640.000 INR/Metric Ton in Apr 2025. This records an increase from the previous number of 67,460.000 INR/Metric Ton for Mar 2025. Metal and Steel Price: Delhi: Cold Rolled Coils 0.63 mm data is updated monthly, averaging 48,792.000 INR/Metric Ton from Aug 2003 (Median) to Apr 2025, with 257 observations. The data reached an all-time high of 96,760.000 INR/Metric Ton in Apr 2022 and a record low of 25,300.000 INR/Metric Ton in Oct 2003. Metal and Steel Price: Delhi: Cold Rolled Coils 0.63 mm data remains active status in CEIC and is reported by Joint Plant Committee. The data is categorized under India Premium Database’s Metal and Steel Sector – Table IN.WAC008: Metal and Steel Retail Prices: New Delhi: Monthly.

India WPI: Wt: Mfg: BM: Mild Steel: FP: Cold Rolled Coils & Sheets data was reported at 0.093 % in Oct 2018. This stayed constant from the previous number of 0.093 % for Sep 2018. India WPI: Wt: Mfg: BM: Mild Steel: FP: Cold Rolled Coils & Sheets data is updated monthly, averaging 0.093 % from Apr 2012 (Median) to Oct 2018, with 79 observations. The data reached an all-time high of 0.093 % in Oct 2018 and a record low of 0.093 % in Oct 2018. India WPI: Wt: Mfg: BM: Mild Steel: FP: Cold Rolled Coils & Sheets data remains active status in CEIC and is reported by Ministry of Commerce and Industry. The data is categorized under Global Database’s India – Table IN.IH048: Wholesale Price Index: 2011-12=100: Weights: Manufactured Products: Basic Metals.

The European hot-rolled coil market is grappling with weak demand and oversupply, leading to declining prices. Despite these challenges, a market recovery is anticipated in the fall.

8598 Global exporters importers export import shipment records of Hot rolled mild steel coil with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

The global electro galvanized steel coil market is experiencing robust growth, driven by the expanding automotive, appliance, and construction sectors. The market, valued at approximately $15 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 6% from 2025 to 2033, reaching an estimated $25 billion by 2033. This growth is fueled by several key factors. Increased demand for lightweight vehicles and energy-efficient appliances is boosting demand for electro galvanized steel coils due to their superior corrosion resistance and formability compared to other steel types. Furthermore, advancements in coating technologies are leading to improved product quality and performance, further enhancing market appeal. The hot-rolled segment holds a larger market share compared to cold-rolled, owing to its cost-effectiveness and suitability for various applications. Geographically, Asia-Pacific, particularly China and India, represents the largest market share due to rapid industrialization and urbanization. However, North America and Europe also contribute significantly, driven by robust automotive and construction activities. While the market faces challenges such as fluctuating raw material prices and potential environmental regulations, the overall outlook remains positive, supported by ongoing technological innovations and increasing infrastructural development globally. The competitive landscape is characterized by a mix of large multinational corporations and regional players. Major players like ArcelorMittal, Baowu Group, and Nippon Steel hold significant market share due to their established production capabilities and global distribution networks. However, smaller companies are also gaining traction through specialization in niche applications and innovative product offerings. The market is witnessing increased focus on sustainable manufacturing practices, driven by growing environmental concerns. This includes initiatives to reduce carbon emissions and improve recycling rates within the steel production process. Furthermore, strategic partnerships and collaborations are becoming increasingly important for companies to expand their market reach and access new technologies. The continuous development of high-strength, low-alloy electro galvanized steel coils is expected to further drive market expansion in the coming years, creating opportunities for innovation and diversification within the industry.

The global steel coil slitting service market is experiencing robust growth, driven by the expanding automotive, construction, and appliance manufacturing sectors. The increasing demand for precision-cut steel coils in these industries fuels the market's expansion. Technological advancements, such as automated slitting lines and improved precision cutting techniques, are enhancing efficiency and reducing production costs, further stimulating market growth. The market is segmented by application (automotive, construction, appliances, electronics, and others) and by type of steel (carbon steel, stainless steel, galvanized steel, silicon steel, and others). While precise market sizing data is unavailable, a reasonable estimate based on industry reports and growth trends in related sectors would place the 2025 market value around $15 billion USD, with a compound annual growth rate (CAGR) of approximately 5% projected for the forecast period of 2025-2033. This growth is anticipated to be driven by rising infrastructure development globally, particularly in developing economies, as well as the ongoing trend of lightweighting in the automotive industry to enhance fuel efficiency. However, fluctuations in steel prices and potential economic downturns pose significant restraints to market growth. The competitive landscape is characterized by a mix of large multinational corporations and regional players. Key players are strategically investing in expanding their production capacities and geographic reach to meet the rising demand. The market is witnessing increasing consolidation, with mergers and acquisitions becoming a common strategy for companies to enhance their market share and product portfolio. Geographic expansion is predominantly focused on emerging markets in Asia-Pacific and South America, owing to their rapid industrialization and expanding construction sectors. To maintain a competitive edge, companies are focusing on providing value-added services, such as customized slitting solutions and just-in-time delivery, to cater to the specific needs of their clients. The future outlook for the steel coil slitting service market remains positive, with continued growth projected over the next decade, albeit subject to global economic conditions and the price volatility of raw materials.

1006 Global import shipment records of Mild Steel Coils with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

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.

The global cold rolled steel market, valued at $85.64 billion in 2025, is projected to experience steady growth, driven by a Compound Annual Growth Rate (CAGR) of 3.7% from 2025 to 2033. This expansion is fueled primarily by the burgeoning automotive industry's demand for high-strength, lightweight steel in vehicle manufacturing, coupled with robust growth in the construction and infrastructure sectors, particularly in developing economies like India and China. Increased urbanization and infrastructure development projects globally are significant contributors to this market's growth trajectory. Furthermore, the growing consumer durables sector, encompassing appliances and electronics, necessitates cold rolled steel for its durability and formability. The market is segmented by application (automotive, construction and infrastructure, consumer durables, machinery, and others) and product type (cold rolled steel coil and cold rolled steel sheet). While the automotive segment currently holds a significant market share, the construction and infrastructure sector is poised for substantial growth due to large-scale infrastructural projects worldwide. Competitive pressures among leading companies are driving innovation in steel production processes, leading to cost efficiencies and improvements in material properties. However, fluctuating raw material prices (iron ore and coking coal) and global economic uncertainties pose challenges to the industry's sustained growth. Despite potential headwinds, the long-term outlook for the cold rolled steel market remains positive. Strategic partnerships, technological advancements in steel manufacturing, and increasing demand from emerging markets will continue to drive market expansion. The Asia-Pacific region, specifically China and India, is anticipated to be a key growth driver due to their expanding industrial bases and robust infrastructure development plans. North America and Europe, while exhibiting mature markets, will continue to contribute significantly, driven by ongoing replacement and upgrades within existing infrastructure and automotive manufacturing. Addressing environmental concerns through sustainable steel production practices and reducing carbon footprint is also emerging as a crucial factor influencing market dynamics, shaping the future landscape of the cold rolled steel industry.

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In the second quarter of financial year 2025, the cost of a 16 mm steel bar in the Indian cities of Chennai and Hyderabad reached ** Indian rupees per kilogram. However, in Delhi, the steel was slightly more affordable. Compared to the previous year, there was a noticeable increase in steel prices across all cities. The significant uptick in the cost of steel in India towards the end of 2020, was believed to be a result of China’s increased demand for Indian iron ore. Crude steel India’s crude steel production has been growing steadily, with the basic oxygen furnace (BOF) being the preferred production method. While both private and public sector companies contribute to this production, the private sector, dominates the market. JSW Steel, in particular, has the highest production capacity in India, contributing significantly to the country’s position as the world’s second-largest producer of steel. Steel consumption in India Steel consumption in India has been on a steady rise, with the country’s rapid industrialization and development in sectors such as construction, automobile, and infrastructure. This upward trend in steel consumption is estimated to persist, with an annual growth rate of **** percent in fiscal year 2024.

In 2024, the Tunisian flat cold-rolled steel coils market decreased by -7.9% to $220M, falling for the second year in a row after two years of growth. Overall, consumption showed a mild slump. Flat cold-rolled steel coils consumption peaked at $308M in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

In 2024, the Irish flat hot-rolled steel coils market decreased by -20.5% to $11M, falling for the second consecutive year after two years of growth. In general, consumption showed a mild reduction. Flat hot-rolled steel coils consumption peaked at $19M in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

The global electrical steel coil market is experiencing robust growth, projected to reach a value of $32,470 million in 2025, exhibiting a Compound Annual Growth Rate (CAGR) of 5.1% from 2019 to 2033. This growth is fueled by several key factors. The increasing demand for energy-efficient electric motors and transformers in various industries, including renewable energy (wind turbines, solar inverters), automotive (electric vehicles), and industrial automation, is a primary driver. Advancements in electrical steel technology, such as the development of grain-oriented electrical steel with higher magnetic properties, further enhance efficiency and reduce energy losses, boosting market adoption. Moreover, stringent government regulations aimed at improving energy efficiency and reducing carbon emissions are creating a compelling impetus for wider usage of high-performance electrical steel coils. The market is segmented by various grades of electrical steel, offering diverse solutions for different applications, which leads to increased market penetration and diverse consumer base. Competitive dynamics within the market are defined by continuous innovation in material science and manufacturing processes, with major players like ArcelorMittal, ThyssenKrupp AG, and Nippon Steel Corporation leading in production and technological advancements. The competitive landscape promotes cost reduction and product diversification that further drives market expansion. The forecast period (2025-2033) anticipates continued growth driven by ongoing technological advancements, sustained demand from key end-use sectors, and supportive government policies. However, potential challenges remain, including fluctuations in raw material prices (iron ore, etc.) and the cyclical nature of the manufacturing industry. Nevertheless, the long-term outlook for the electrical steel coil market remains positive due to the irreplaceable role of electrical steel in a wide range of essential technologies, particularly those emphasizing sustainable and efficient energy conversion. The market's growth will be influenced by the overall economic climate and technology adoption rates across different geographical regions, leading to variable growth across regions.

India WPI: Mfg: BM: Mild Steel: FP: Hot Rolled Coils & Sheets data was reported at 121.700 2011-2012=100 in Oct 2018. This records an increase from the previous number of 121.200 2011-2012=100 for Sep 2018. India WPI: Mfg: BM: Mild Steel: FP: Hot Rolled Coils & Sheets data is updated monthly, averaging 103.600 2011-2012=100 from Apr 2012 (Median) to Oct 2018, with 79 observations. The data reached an all-time high of 121.700 2011-2012=100 in Oct 2018 and a record low of 79.700 2011-2012=100 in Jan 2016. India WPI: Mfg: BM: Mild Steel: FP: Hot Rolled Coils & Sheets data remains active status in CEIC and is reported by Ministry of Commerce and Industry. The data is categorized under Global Database’s India – Table IN.IH020: Wholesale Price Index: 2011-12=100: Manufactured Products: Basic Metals.