HRC Steel increased 180.96 USD/T or 25.52% since the beginning of 2025, 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 hot rolled coil prices in the United States for Q3 2024 reached 825 USD/MT in September. Rising demand and supply constraints drove significant price hikes in the region's market. A minor decrease from the prior quarter indicated market instability, despite the quarter's steady price growth. Consistent increasing momentum and a favorable pricing environment were indicated by the steady price gains observed.

In the second half of 2023, the price of the hot rolled steel coil in the United States reached 1030 USD/MT. Similarly, in China, the hot rolled steel coil prices hit 970 USD/MT in the same month. Germany also saw hot rolled steel coil prices reaching 821 USD/MT during Q2 2023.

China Settlement Price: Shanghai Future Exchange: Hot Rolled Coil: 2nd Month data was reported at 3,406.000 RMB/Ton in 28 Feb 2025. This records a decrease from the previous number of 3,408.000 RMB/Ton for 27 Feb 2025. China Settlement Price: Shanghai Future Exchange: Hot Rolled Coil: 2nd Month data is updated daily, averaging 3,760.000 RMB/Ton from Mar 2014 (Median) to 28 Feb 2025, with 2661 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.

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 555 U.S. dollars per metric ton—a 15 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 717.7 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 529 billion yuan (approximately 82 billion U.S. dollars). This comes after China's steel sector had a drop in sales to its domestic auto sector in early 2019.

Learn about the forecasted growth of the flat hot-rolled steel coils market in China, with a projected increase in market volume to 70M tons and market value to $52B by 2035.

Explore the dynamic landscape of China's Hot Rolled Coil (HRC) steel prices in 2023, influenced by domestic 'dual-carbon' policies, construction and automotive sector demands, and global trade relations. Understand how these factors create resilience and volatility in the steel market, offering risks and opportunities for industries dependent on steel.

During the fourth quarter of 2024, the cold rolled coil prices in the United States reached 1260 USD/MT. The market faced downward pricing pressure due to excess supply and weak demand from the automotive and construction sectors. Rising imports intensified competition, while global trade uncertainties further weighed on market sentiment.

Explore IMARC’s newly published report, titled “Cold Rolled Coil Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” offers an in-depth analysis of cold rolled coil pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

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 2031, growing at a CAGR of 4.83% during the forecast period 2024-2031.

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.

101398 Global export shipment records of Hot Rolled Coils with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

Explore the dynamic factors influencing hot rolled coil (HRC) prices in China, including domestic demand, export markets, raw material costs, and environmental regulations. Understand the impact of China's steel production and consumption on global HRC pricing amidst economic and regulatory shifts.

China Settlement Price: Shanghai Future Exchange: Hot Rolled Coil: 1st Month data was reported at 3,603.000 RMB/Ton in Feb 2025. This records an increase from the previous number of 3,380.000 RMB/Ton for Jan 2025. China Settlement Price: Shanghai Future Exchange: Hot Rolled Coil: 1st Month data is updated monthly, averaging 3,779.500 RMB/Ton from Mar 2014 (Median) to Feb 2025, with 132 observations. The data reached an all-time high of 6,019.000 RMB/Ton in May 2021 and a record low of 1,848.000 RMB/Ton in Dec 2015. China Settlement Price: Shanghai Future Exchange: Hot Rolled Coil: 1st 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.

China Transaction Price: 36 City Avg: Stainless Steel: 1.0, 304/2B Cold Roll data was reported at 15,314.720 RMB/Ton in Jan 2025. This records a decrease from the previous number of 15,410.900 RMB/Ton for Dec 2024. China Transaction Price: 36 City Avg: Stainless Steel: 1.0, 304/2B Cold Roll data is updated monthly, averaging 17,612.690 RMB/Ton from Apr 2008 (Median) to Jan 2025, with 202 observations. The data reached an all-time high of 33,048.000 RMB/Ton in May 2008 and a record low of 13,029.000 RMB/Ton in Feb 2016. China Transaction Price: 36 City Avg: Stainless Steel: 1.0, 304/2B Cold Roll data remains active status in CEIC and is reported by Price Monitoring Center, NDRC. The data is categorized under China Premium Database’s Price – Table CN.PA: Price Monitoring Center, NDRC: Transaction Price: Production Material: Steel.

China Settlement Price: Shanghai Future Exchange: Hot Rolled Coil: 6th Month data was reported at 3,429.000 RMB/Ton in Feb 2025. This records a decrease from the previous number of 3,482.000 RMB/Ton for Jan 2025. China Settlement Price: Shanghai Future Exchange: Hot Rolled Coil: 6th Month data is updated monthly, averaging 3,634.000 RMB/Ton from Mar 2014 (Median) to Feb 2025, with 132 observations. The data reached an all-time high of 6,079.000 RMB/Ton in Jul 2021 and a record low of 1,676.000 RMB/Ton in Nov 2015. China Settlement Price: Shanghai Future Exchange: Hot Rolled Coil: 6th 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.

In 2024, the Chinese hot-rolled steel products market decreased by -9.7% to $395.1B, falling for the second consecutive year after two years of growth. Overall, consumption recorded temperate growth. Over the period under review, the market reached the peak level at $565.5B in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.

Explore the dynamics of the China HRC spot market and understand how hot-rolled coil steel prices are influenced by economic policies, global trade tensions, and the aftermath of the COVID-19 pandemic. Gain insights into the factors driving volatility and their impact on the global steel industry.

China Transaction Price: 36 City Avg: Hot Roll Sheet: 4.75, Q235B data was reported at 3,751.080 RMB/Ton in Jan 2025. This records a decrease from the previous number of 3,813.820 RMB/Ton for Dec 2024. China Transaction Price: 36 City Avg: Hot Roll Sheet: 4.75, Q235B data is updated monthly, averaging 4,042.740 RMB/Ton from Dec 2011 (Median) to Jan 2025, with 158 observations. The data reached an all-time high of 6,148.430 RMB/Ton in May 2021 and a record low of 2,102.000 RMB/Ton in Dec 2015. China Transaction Price: 36 City Avg: Hot Roll Sheet: 4.75, Q235B data remains active status in CEIC and is reported by Price Monitoring Center, NDRC. The data is categorized under China Premium Database’s Price – Table CN.PG: Steel Price.

Hot Rolled Steel Sheet Market Outlook

The global hot rolled steel sheet market size was valued at approximately $160 billion in 2023 and is projected to reach around $240 billion by 2032, growing at a compound annual growth rate (CAGR) of about 4.5% over the forecast period. Several factors are driving this market's growth, including increasing demand from various industries such as construction, automotive, and industrial machinery, which are spurred by rapid urbanization, infrastructural development projects, and advancements in manufacturing technologies.

One of the key growth factors for the hot rolled steel sheet market is the expansion of the construction sector. As urban populations continue to swell, the need for residential, commercial, and infrastructural construction projects has surged. Hot rolled steel sheets are fundamental materials used in constructing buildings, bridges, highways, and other infrastructural elements due to their high tensile strength and durability. Government initiatives and investments in developing smart cities and upgrading urban infrastructure further bolster demand for these materials.

Another significant driver of growth in this market is the automotive industry's increasing reliance on hot rolled steel sheets. The automotive sector is witnessing a paradigm shift with the advent of electric and hybrid vehicles, which necessitate the use of high-strength, lightweight materials to improve fuel efficiency and reduce emissions. Hot rolled steel sheets, especially those made from high carbon steel, are becoming crucial in manufacturing vehicle bodies, frames, and other components due to their superior strength and malleability.

Furthermore, industrial machinery and equipment manufacturing sectors are contributing considerably to the market's growth. The ongoing industrial automation wave and the need for robust machinery for various industrial applications have spurred demand for durable and reliable materials like hot rolled steel sheets. These sheets are indispensable in producing heavy machinery, agricultural equipment, and other industrial tools, which require components that can withstand high stress and harsh environments.

Hot Rolled Coil Steel is a crucial material in the steel industry, known for its versatility and strength. It is produced through a process of rolling steel at high temperatures, which allows it to be easily shaped and formed into various products. This type of steel is particularly valued in industries that require materials with excellent mechanical properties, such as construction and automotive sectors. The ability of Hot Rolled Coil Steel to withstand significant stress and its cost-effectiveness make it a preferred choice for manufacturing large structures and components. Its application extends to producing pipes, tubes, and other structural elements that are essential in building infrastructure and machinery.

Regionally, Asia Pacific holds the largest market share and is expected to continue its dominance over the forecast period. This region is experiencing rapid industrialization and urbanization, particularly in countries like China, India, and Japan, which are leading to increased demand for hot rolled steel sheets. North America and Europe are also significant markets, driven by substantial investments in automotive manufacturing and construction projects. Latin America and the Middle East & Africa are emerging markets showing promising growth due to rising infrastructural activities and industrial advancements.

Product Type Analysis

The hot rolled steel sheet market is segmented by product type into low carbon steel, medium carbon steel, and high carbon steel. Low carbon steel is a dominant segment, well-regarded for its excellent ductility and malleability, making it suitable for a wide range of applications, from construction to automotive manufacturing. Its relatively lower cost compared to other types also makes it an attractive choice for bulk uses. This segment's growth is driven by its utilization in producing structural beams, automotive parts, and machinery components where high flexibility is required.

Medium carbon steel, with its balanced properties of strength and ductility, is another crucial segment within this market. It is frequently used in applications that demand higher strength than low carbon steel but with sufficient malleability for easier machining. Industries such as construc

Learn about the expected growth of the flat hot-rolled steel coil market in China over the next decade, driven by rising demand. Market volume is projected to reach 70M tons and market value to reach $52B by 2035.

938 Global import shipment records of Hot Rolled Steel Coil with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.