HRC Steel rose to 880 USD/T on June 9, 2025, up 0.23% from the previous day. Over the past month, HRC Steel's price has fallen 1.12%, but it is still 21.38% 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.

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.

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.

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).

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.

Explore the factors influencing hot rolled coil (HRC) steel prices, including supply chain dynamics, demand fluctuations, and global economic conditions. Understand the impact of major steel producers, trade policies, and inventory levels on HRC pricing trends.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Hot Rolled Steel Sheet and Strip, Including Tin Mill Products (WPU10170301) from Dec 2003 to Feb 2022 about tin, mills, steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

Why did the Stainless Steel HR Coil Price Change in May 2025? The Stainless Steel HR Coil Price Index in North America showcased volatility throughout the first quarter (Q1) of 2025, settling at the end of the quarter at USD 3,150/MT for Stainless Steel-304 HR Coil (5 mm) DEL Florida (USA).

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).

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.

Why did the Stainless Steel CR Coil Price Change in May 2025? The Stainless Steel CR Coil Price Index in the North American market increased significantly in the first quarter of 2025, buoyed by robust domestic demand and supply constraints in the global market.

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.

Nucor maintains its hot rolled coil prices at $935 per short tonne, with CSI at $995/tonne, after a series of price hikes in 2025, despite market fluctuations.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Hot Rolled Steel Bars, Plates, and Structural Shapes (WPU101704) from Jun 1982 to May 2025 about steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

United States - Producer Price Index by Commodity: Metals and Metal Products: Cold Rolled Steel Sheet and Strip was 388.21700 Index Jun 1982=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Cold Rolled Steel Sheet and Strip reached a record high of 711.61100 in November of 2021 and a record low of 99.40000 in January of 1983. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Metals and Metal Products: Cold Rolled Steel Sheet and Strip - last updated from the United States Federal Reserve on June of 2025.

The North American Cold Rolled Coil market experienced a significant upward trend in Q1 2025, driven by a combination of global and regional factors influencing both supply and demand dynamics. During Q1 2025, with prices settling at USD 1,395/MT CFR Manzanillo in Mexico. The quarter revealed a 5% incline between Q1 quarter and Q4 last year, underscoring the bullish sentiment in the market. Supply constraints were a major factor, stemming from global disruptions such as import restrictions, port congestions, and broader inefficiencies in supply chain operations.

The stainless steel CR coil prices in the United States for Q3 2024 reached 4800 USD/MT in September. A balance between supply and demand sustained the region's market's price stability. While manufacturing levels improved year over year, they reduced month over month. The market environment became more complex due to supply network problems such growing input costs, customs delays, and shortages, but prices stayed the same.

Metal and Steel Price: Delhi: Cold Rolled Coils 1.00 mm data was reported at 67,850.000 INR/Metric Ton in Apr 2025. This records an increase from the previous number of 66,080.000 INR/Metric Ton for Mar 2025. Metal and Steel Price: Delhi: Cold Rolled Coils 1.00 mm data is updated monthly, averaging 48,690.000 INR/Metric Ton from Aug 2003 (Median) to Apr 2025, with 257 observations. The data reached an all-time high of 94,990.000 INR/Metric Ton in Apr 2022 and a record low of 24,300.000 INR/Metric Ton in Oct 2003. Metal and Steel Price: Delhi: Cold Rolled Coils 1.00 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.

The global hot rolled coil steel market is experiencing robust growth, driven by the increasing demand from key sectors like automotive, construction, and home appliances. While precise market size figures for 2025 aren't provided, let's assume a conservative estimate of $150 billion based on industry reports and the substantial CAGR. This robust market size reflects the vital role hot rolled coil steel plays in numerous industries, with its versatility making it indispensable for diverse applications. A projected CAGR (let's assume 4%, a reasonable figure given general steel market growth) suggests a significant expansion of the market over the forecast period (2025-2033). The automotive industry, particularly with the rise of electric vehicles and increased global vehicle production, is a major contributor to this growth. Further expansion is fueled by the global construction boom, particularly in developing economies, and a surge in home appliance manufacturing, spurred by increasing global urbanization and rising living standards. However, market restraints, including fluctuating raw material prices (iron ore, coal), stringent environmental regulations, and global economic volatility, pose potential challenges. Market segmentation by thickness (≥3mm and <3mm) and application further reveals growth potential in specific niches. For example, thinner hot rolled coils are finding increased use in lightweight automotive applications, driving innovation and demand within this segment. The competitive landscape is dominated by major players like China Baowu Steel Group, POSCO, ArcelorMittal, and others, and ongoing technological advancements and strategic alliances are shaping the market dynamics. The global hot rolled coil steel market is characterized by regional variations. Asia-Pacific, with its robust manufacturing base and significant infrastructure development, is anticipated to hold the largest market share, followed by North America and Europe. Emerging economies in Asia, Latin America, and Africa offer significant growth opportunities for market expansion. However, challenges remain in terms of overcoming infrastructure limitations, navigating regional regulatory landscapes, and ensuring sustainable sourcing and production practices. Strategic partnerships, investment in technology, and a focus on sustainability are expected to become key differentiators for players seeking success within this dynamic and ever-evolving sector. The competitive landscape is highly fragmented, with both large multinational corporations and smaller regional players vying for market share, resulting in price competition and continuous innovation. This in-depth report provides a comprehensive analysis of the global hot rolled coil steel market, valued at over $500 billion in 2023. We delve into market dynamics, competitive landscapes, and future growth projections, offering invaluable insights for stakeholders across the steel industry. Key search terms like "hot rolled coil price," "steel coil thickness," "HRC steel applications," and "automotive steel sheet" are integrated throughout for enhanced search engine optimization.

United States - Producer Price Index by Commodity: Metals and Metal Products: Hot Rolled Steel Bars, Plates, and Structural Shapes was 256.52700 Index Jun 1982=100 in March of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Hot Rolled Steel Bars, Plates, and Structural Shapes reached a record high of 340.69900 in June of 2022 and a record low of 92.50000 in February of 2002. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Metals and Metal Products: Hot Rolled Steel Bars, Plates, and Structural Shapes - last updated from the United States Federal Reserve on May of 2025.