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.

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.

The revenue of the cold-rolled steel products market in Iceland amounted to $X in 2018, picking up by X% against the previous year. In general, cold-rolled steel products consumption continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the market value increased by X% y-o-y. Over the period under review, the cold-rolled steel products market attained its peak figure level at $X in 2008; however, from 2009 to 2018, consumption failed to regain its momentum.

The revenue of the cold-rolled steel products market in Malta amounted to $X in 2018, reducing by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, cold-rolled steel products consumption continues to indicate an abrupt reduction. The growth pace was the most rapid in 2010 when the market value increased by X% y-o-y. Malta cold-rolled steel products consumption peaked at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Japan Iron & Steel Inventory Rate: JISF: Hot Rolled Steel Strips data was reported at 126.263 % in Oct 2018. This records a decrease from the previous number of 197.381 % for Sep 2018. Japan Iron & Steel Inventory Rate: JISF: Hot Rolled Steel Strips data is updated monthly, averaging 144.756 % from Jan 1998 (Median) to Oct 2018, with 250 observations. The data reached an all-time high of 382.700 % in Jan 1999 and a record low of 96.636 % in Mar 2010. Japan Iron & Steel Inventory Rate: JISF: Hot Rolled Steel Strips data remains active status in CEIC and is reported by The Japan Iron and Steel Federation. The data is categorized under Global Database’s Japan – Table JP.WA.JISF: Inventory Rate.

The revenue of the cold-rolled steel products market in Cyprus amounted to $X in 2018, picking up by X% against the previous year. Over the period under review, cold-rolled steel products consumption, however, continues to indicate a slight decrease. The growth pace was the most rapid in 2017 when the market value increased by X% y-o-y. Cyprus cold-rolled steel products consumption peaked at $X in 2008; however, from 2009 to 2018, consumption failed to regain its momentum.

India WPI: Wt: Mfg: BM: Mild Steel: FP: Hot Rolled Coils & Sheets data was reported at 0.884 % in Oct 2018. This stayed constant from the previous number of 0.884 % for Sep 2018. India WPI: Wt: Mfg: BM: Mild Steel: FP: Hot Rolled Coils & Sheets data is updated monthly, averaging 0.884 % from Apr 2012 (Median) to Oct 2018, with 79 observations. The data reached an all-time high of 0.884 % in Oct 2018 and a record low of 0.884 % in Oct 2018. India WPI: Wt: 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.IH048: Wholesale Price Index: 2011-12=100: Weights: Manufactured Products: Basic Metals.

United States PPI: Metals: IS: Steel Mill Pdts: Cold Rolled Sheets & Strips data was reported at 249.800 Jun1982=100 in Oct 2018. This records a decrease from the previous number of 251.600 Jun1982=100 for Sep 2018. United States PPI: Metals: IS: Steel Mill Pdts: Cold Rolled Sheets & Strips data is updated monthly, averaging 123.300 Jun1982=100 from Jun 1982 (Median) to Oct 2018, with 437 observations. The data reached an all-time high of 259.200 Jun1982=100 in May 2011 and a record low of 99.400 Jun1982=100 in Jan 1983. United States PPI: Metals: IS: Steel Mill Pdts: Cold Rolled Sheets & Strips data remains active status in CEIC and is reported by Bureau of Labor Statistics. The data is categorized under Global Database’s United States – Table US.I017: Producer Price Index: By Commodities.

In 2024, the Belgian cold-rolled steel products market was finally on the rise to reach $1.2B for the first time since 2021, thus ending a two-year declining trend. Over the period under review, consumption saw a measured increase. Cold-rolled steel products consumption peaked at $1.9B in 2018; however, from 2019 to 2024, consumption failed to regain momentum.

The French flat cold-rolled steel coils market shrank dramatically to $419M in 2023, waning by -16.7% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Flat cold-rolled steel coils consumption peaked at $569M in 2017; however, from 2018 to 2023, consumption failed to regain momentum.

Russia Avg Producer Price: OKPD2: Metallurgy: Graded Rolled Steel: Other Alloyed Steels, Hot-Rolled, Hot-Drawn data was reported at 48,399.640 RUB/Ton in Jan 2019. This records a decrease from the previous number of 49,652.480 RUB/Ton for Dec 2018. Russia Avg Producer Price: OKPD2: Metallurgy: Graded Rolled Steel: Other Alloyed Steels, Hot-Rolled, Hot-Drawn data is updated monthly, averaging 46,802.110 RUB/Ton from Jan 2017 (Median) to Jan 2019, with 25 observations. The data reached an all-time high of 51,522.370 RUB/Ton in Nov 2018 and a record low of 38,398.760 RUB/Ton in Feb 2017. Russia Avg Producer Price: OKPD2: Metallurgy: Graded Rolled Steel: Other Alloyed Steels, Hot-Rolled, Hot-Drawn data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Prices – Table RU.PB018: Average Producer Price: Metallurgy.

Steel demand in the United States is mainly driven by the construction sector, which accounted for about 44 percent of demand in 2018. Other contributing sectors include the energy sector and automotive as well as machinery and equipment manufacturing.

Construction works ahead   The U.S. steel industry has witnessed consistently high prices of steel scrap and hot-rolled coil (hrc) steel in recent years, partly as a result of economic growth and, to some extent, due to the increased steel tariffs implemented by the White House in 2018. This trend has had a positive impact on steel producers. However, higher prices continue to put pressure on those markets where steel is used as an input material. In light of the nation’s reliance on steel imports, the enterprises under pressure may look to large steel producers such as Nucor, Steel Dynamics, and U.S. Steel. All of these companies are planning to bring new mills and furnaces on line.

Korea ImPI: USD: MFG: BE: Cold Rolled Steel (CR) data was reported at 98.940 2010=100 in Jun 2018. This stayed constant from the previous number of 98.940 2010=100 for May 2018. Korea ImPI: USD: MFG: BE: Cold Rolled Steel (CR) data is updated monthly, averaging 90.015 2010=100 from Jan 2005 (Median) to Jun 2018, with 162 observations. The data reached an all-time high of 143.400 2010=100 in Mar 2009 and a record low of 76.020 2010=100 in Mar 2006. Korea ImPI: USD: MFG: BE: Cold Rolled Steel (CR) data remains active status in CEIC and is reported by The Bank of Korea. The data is categorized under Global Database’s Korea – Table KR.I070: Import Price Index (USD Basis): 2010=100.

In 2016, the global imports of cold-rolled steel stood at 42M tons, remaining constant against the previous year level. In general, cold-rolled steel imports continue to indicate a relatively flat t...

South Korea ImPI: Won: MI: BM: BS: Cold Rolled Steel data was reported at 109.050 2015=100 in Apr 2019. This records an increase from the previous number of 108.070 2015=100 for Mar 2019. South Korea ImPI: Won: MI: BM: BS: Cold Rolled Steel data is updated monthly, averaging 107.255 2015=100 from Jan 2018 (Median) to Apr 2019, with 16 observations. The data reached an all-time high of 110.540 2015=100 in Jul 2018 and a record low of 105.020 2015=100 in Jan 2018. South Korea ImPI: Won: MI: BM: BS: Cold Rolled Steel data remains active status in CEIC and is reported by The Bank of Korea. The data is categorized under Global Database’s South Korea – Table KR.I062: Import Price Index (Won Basis): 2015=100.

South Korea ExPI: USD: MI: BM: BS: Cold Rolled Steel data was reported at 104.860 2015=100 in Apr 2019. This records a decrease from the previous number of 107.170 2015=100 for Mar 2019. South Korea ExPI: USD: MI: BM: BS: Cold Rolled Steel data is updated monthly, averaging 110.655 2015=100 from Jan 2018 (Median) to Apr 2019, with 16 observations. The data reached an all-time high of 116.940 2015=100 in May 2018 and a record low of 104.470 2015=100 in Dec 2018. South Korea ExPI: USD: MI: BM: BS: Cold Rolled Steel data remains active status in CEIC and is reported by The Bank of Korea. The data is categorized under Global Database’s South Korea – Table KR.I077: Export Price Index (USD Basis): 2015=100.

Russia Avg Producer Price: OKPD2: Metallurgy: Hot Rolled Steel Without Additional Processing data was reported at 35,911.470 RUB/Ton in Jan 2019. This records a decrease from the previous number of 36,108.350 RUB/Ton for Dec 2018. Russia Avg Producer Price: OKPD2: Metallurgy: Hot Rolled Steel Without Additional Processing data is updated monthly, averaging 35,911.470 RUB/Ton from Jan 2017 (Median) to Jan 2019, with 25 observations. The data reached an all-time high of 41,365.020 RUB/Ton in Jun 2018 and a record low of 28,831.980 RUB/Ton in Jul 2017. Russia Avg Producer Price: OKPD2: Metallurgy: Hot Rolled Steel Without Additional Processing data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Prices – Table RU.PB018: Average Producer Price: Metallurgy.

CN: Hot-Rolled Steel Coil: Operating Rate: Steel Companies: North China data was reported at 83.780 % in 14 Mar 2025. This records an increase from the previous number of 81.080 % for 07 Mar 2025. CN: Hot-Rolled Steel Coil: Operating Rate: Steel Companies: North China data is updated daily, averaging 89.190 % from May 2015 (Median) to 14 Mar 2025, with 510 observations. The data reached an all-time high of 100.000 % in 06 Jul 2018 and a record low of 72.970 % in 10 Nov 2023. CN: Hot-Rolled Steel Coil: Operating Rate: Steel Companies: North China data remains active status in CEIC and is reported by Shandong Longzhong Information Technology Co., Ltd.. The data is categorized under China Premium Database’s Metal and Steel Sector – Table CN.WAT: Steel: Hot-Rolled Steel Coil.

In 2016, approx. 142M tons of hot-rolled steel were imported worldwide- moving up by 2% against the previous year level. Overall, hot-rolled steel imports continue to indicate a relatively flat tren...

South Korea ImPI: USD: MI: BM: BS: Cold Rolled Steel data was reported at 108.100 2015=100 in Apr 2019. This stayed constant from the previous number of 108.100 2015=100 for Mar 2019. South Korea ImPI: USD: MI: BM: BS: Cold Rolled Steel data is updated monthly, averaging 108.100 2015=100 from Jan 2018 (Median) to Apr 2019, with 16 observations. The data reached an all-time high of 111.360 2015=100 in Jul 2018 and a record low of 108.100 2015=100 in Apr 2019. South Korea ImPI: USD: MI: BM: BS: Cold Rolled Steel data remains active status in CEIC and is reported by The Bank of Korea. The data is categorized under Global Database’s South Korea – Table KR.I080: Import Price Index (USD Basis): 2015=100.