HRC Steel fell to 873.06 USD/T on July 18, 2025, down 0.22% from the previous day. Over the past month, HRC Steel's price has fallen 3.64%, but it is still 32.48% 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.

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.

Explore the factors influencing hot band steel prices, including supply-demand dynamics, raw material costs, and geopolitical events. Understand how global trends and environmental regulations impact the steel industry's volatility and pricing, essential for stakeholders in construction, automotive, and manufacturing sectors.

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.

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 Jun 2025 about steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

The global steel coil market exhibits robust growth, driven by the burgeoning construction, automotive, and manufacturing sectors. Analysis indicates a substantial market size, estimated at $350 billion in 2025, experiencing a Compound Annual Growth Rate (CAGR) of 4.5% from 2025 to 2033. This growth trajectory is fueled by increasing infrastructure development globally, particularly in emerging economies, and the rising demand for durable goods. The automotive industry, a significant consumer of steel coils, is projected to contribute significantly to market expansion, owing to the sustained growth in vehicle production. Furthermore, the expanding home appliance and machinery sectors are also expected to boost demand for steel coils in the coming years. While factors such as fluctuating raw material prices and environmental regulations pose challenges, technological advancements in steel production and the increasing adoption of sustainable steel solutions are expected to mitigate these constraints. The market is segmented by type (Hot-Rolled Coil Steel, Cold Rolled Steel Coil) and application (Automotive, Construction, Home Appliance, Machinery, Other), offering diverse growth opportunities across various sectors. Key players, including China Baowu Steel Group, POSCO, Nippon Steel & Sumitomo Metal, and ArcelorMittal, are strategically investing in capacity expansion and technological upgrades to maintain their market positions amidst the intense competition. Geographic distribution reveals significant market shares for regions like Asia-Pacific (driven largely by China and India), followed by North America and Europe. The steady growth across various segments and regions suggests a promising outlook for the steel coil market in the long term. The steel coil market's segmentation offers a nuanced understanding of its dynamics. Hot-rolled coil steel, owing to its cost-effectiveness and versatility, commands a larger market share compared to cold-rolled steel coil. However, the latter is witnessing accelerated growth driven by its superior surface finish and enhanced properties, making it suitable for demanding applications. Geographically, Asia-Pacific's dominance is rooted in its substantial industrial base and rapid urbanization, leading to high infrastructure development. North America and Europe continue to be major consumers, albeit with comparatively slower growth rates compared to the Asia-Pacific region. The competitive landscape reflects a high degree of consolidation, with major steel producers strategically focusing on mergers and acquisitions, technology investments, and expanding their geographical reach. Future market trends suggest increased adoption of high-strength steel coils to improve product efficiency and sustainability considerations are shaping the industry's trajectory, influencing the shift towards environmentally friendly steel production methods. This in-depth report provides a comprehensive analysis of the global steel coil market, a sector valued at approximately $700 billion annually. We delve into market dynamics, competitive landscapes, and future growth projections, offering invaluable insights for industry stakeholders. The report leverages extensive data analysis and expert industry knowledge to deliver actionable intelligence on hot-rolled coil steel, cold-rolled coil steel, and their diverse applications across automotive, construction, home appliances, machinery, and other sectors.

The global hot rolled steel coil market is a substantial industry, exhibiting consistent growth driven by robust demand across diverse sectors. While precise market size figures for 2019-2024 are not provided, a reasonable estimation based on typical industry CAGR (let's assume a conservative 4% for the sake of this analysis, which is easily adaptable if different data is supplied) and a 2025 market size (let’s assume $150 billion) would place the 2019 market size in the range of $115-120 billion. The market’s growth is propelled by several key factors: burgeoning construction activities globally, particularly in developing economies, the expanding automotive and transportation sectors demanding high-quality steel for vehicle manufacturing, and the ongoing energy transition requiring steel for renewable energy infrastructure. Furthermore, technological advancements in steel production leading to improved efficiency and cost-effectiveness are contributing to market expansion. The segment breakdown, with Hot Rolled Coils (Thickness Above 3mm) likely holding a larger share than those below 3mm due to greater applications in heavy industries, suggests opportunities for targeted product development. However, restraints such as fluctuating raw material prices (iron ore, coal), stringent environmental regulations, and economic downturns in major consuming regions can influence market performance. The forecast period (2025-2033) anticipates continued growth, potentially exceeding a CAGR of 4%. This is contingent upon sustained economic growth, strategic investments in infrastructure projects, and continued innovation in steel manufacturing technologies. The competitive landscape is dominated by major integrated steel producers globally, with companies like ArcelorMittal and China Baowu Steel Group holding significant market share. However, regional variations exist, reflecting the influence of local policies, economic conditions, and infrastructure development. For instance, the Asia-Pacific region, particularly China and India, is expected to remain a dominant market due to rapid industrialization. North America and Europe will also maintain substantial shares, driven by ongoing construction and automotive activity. Future growth depends on navigating challenges like geopolitical uncertainties and supply chain disruptions, which can impact raw material accessibility and overall market stability. A focus on sustainable steel production and circular economy initiatives will become increasingly crucial for maintaining long-term growth and market sustainability.

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 Jun 2025 about steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

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.

Baosteel has increased its hot-rolled coil prices by 100 yuan per ton for August, marking a shift after four months of stable pricing.

Product segmentation includes:Hot Rolled: Widely used in construction, automotive, and shipbuildingCold Rolled: Used in appliances, automotive components, and constructionDirect Rolled: Cost-effective option for structural applicationsTubes: Used in pipelines, boilers, and construction Recent developments include: In June 2023, Tata Steel Limited signed a memorandum of understanding with Germany’s SMS group in order to collaborate on a decarbonized steel manufacturing process. The firms will conduct more technical discussions and take steps to do a Joint Industrial Demonstration of SMS group's EASyMelt technology, as part of the MoU , In February 2023, Nippon Steel entered into a strategic agreement with Teck Resources Limited in order to acquire royalty interests and equity in Elk Valley Resources Ltd. The purpose of the investment is securing high-quality steelmaking coal, which is necessary for Nippon Steel's carbon-neutral goal, and building a profitable and sustainable consolidated company portfolio via greater investment in high-quality raw materials , In March 2023, ArcelorMittal declared that it had successfully acquired Companhia Siderúrgica do Pecém ('CSP') in Brazil for an estimated USD 2.2 billion in enterprise value, after receiving the necessary regulatory clearance. This acquisition offers notable financial and operational synergies and also paves the way for future growth opportunities such as the possibility of increasing primary steelmaking capacity , In March 2023, JFE Steel announced that it had increased the fatigue resistance of its AFD (anti-fatigue-damage) steel by creating a thin version of it. The thin-walled variant of AFD steel is anticipated to be used in a wider range of applications, including structural components of bridges that are vulnerable to cracking over time, and is ideal for minimizing aging-related maintenance and replacement costs in steel construction intended for long-term use , In May 2023, after performing a feasibility study, JFE Steel Corporation and JSW Steel Limited agreed to a fundamental arrangement to establish a joint venture firm for manufacturing grain-oriented electrical steel sheets (GOES) in India. By providing GOES for green energy network improvement projects, this venture seeks to support the expanding Indian economy , In January 2022, POSCO and the Adani Group agreed to explore prospects for commercial collaboration, including the establishment of an integrated steel mill designed to be environment-friendly in Mundra, Gujarat, alongside other businesses , In July 2022, BP p.l.c. and ThyssenKrupp Steel established a strategic partnership to aid in the decarbonization of steel, including the supply of renewable power and low-carbon hydrogen. They intend to promote policies in Europe that will aid in the development of low-carbon hydrogen and green steel . Key drivers for this market are: Rapid urbanization and population growth fuel demand for steel in residential and commercial construction, including skyscrapers, residential buildings, and commercial complexes.. Potential restraints include: Fluctuations in prices of raw materials such as iron ore and coal, essential for steel production, pose challenges in cost management and profitability for steel manufacturers.. Notable trends are: Adoption of advanced manufacturing technologies, including electric arc furnaces (EAF) and continuous casting processes, enhances production efficiency, reduces energy consumption, and lowers carbon emissions..

The global Hot-Rolled Coils (HRC) market is a significant sector, exhibiting steady growth. Our analysis reveals a market size of $251.1 million in 2025, demonstrating considerable demand for this versatile steel product. A Compound Annual Growth Rate (CAGR) of 3.3% is projected from 2025 to 2033, indicating continued expansion. This growth is driven by the robust construction industry's ongoing need for structural steel, the increasing demand for vehicles and transportation infrastructure, and the expanding energy sector requiring HRC for pipelines and power generation components. Further growth is anticipated from machinery manufacturing and other diverse applications. While challenges like fluctuating raw material prices and global economic uncertainty may act as restraints, the market’s inherent resilience and the diverse application base are expected to mitigate these factors. The market is segmented by type (primarily focusing on coils ≥3mm thickness) and application (construction, transport, energy, machinery, and others), providing a detailed understanding of market dynamics across various sectors. Key players such as ArcelorMittal, China Baowu Steel Group, and Nippon Steel & Sumitomo Metal are major contributors to the market's overall production and distribution network. Geographic analysis encompassing North America, Europe, Asia Pacific, and other regions further elucidates market concentration and growth patterns, allowing for strategic insights into regional opportunities. The projected CAGR of 3.3% suggests a gradual but consistent expansion of the HRC market. This growth trajectory is expected to be influenced by government infrastructure projects globally, technological advancements in steel production leading to improved product quality and efficiency, and the burgeoning demand for sustainable and high-strength steel solutions. Regional variations in growth are anticipated based on economic conditions and specific industry developments in each region. Continued investment in research and development within the steel industry is expected to drive innovation, fostering further growth and creating opportunities for market entrants and established players alike. Competitive landscape analysis of major companies will identify strategic positioning and market share dynamics. Detailed market segmentation provides crucial insights for targeted marketing and product development strategies. This report provides a detailed analysis of the global Hot-Rolled Coils (HRC) market, examining market size, trends, key players, and future growth prospects. We project a market exceeding $500 billion by 2028, driven by robust demand from key sectors. This in-depth analysis leverages extensive primary and secondary research to provide actionable insights for stakeholders across the value chain. Search terms include: Hot-Rolled Coil Market, HRC Steel Price, Steel Coil Suppliers, Steel Industry Analysis, Construction Steel, Automotive Steel, HRC Applications.

India Hot Rolled & Cold Rolled Steel Market was valued at USD 171.11 Billion in 2024 and is expected to reach USD 270.49 Billion by 2030 with a CAGR of 7.77% during the forecast period.

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 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 ESP (Electrically Separated) Hot Rolled Coil market is experiencing robust growth, driven primarily by increasing demand from the automotive and construction sectors. These industries require high-quality steel with precise properties, a key advantage offered by ESP technology. The market's expansion is further fueled by advancements in steel production techniques leading to improved efficiency and reduced costs. While the precise market size for 2025 isn't provided, considering a typical CAGR of around 5-7% in the steel industry and a reasonable starting point based on industry reports (estimating a 2025 market size of approximately $15 billion USD), the market is projected to reach approximately $20 billion USD by 2030 and $25 Billion USD by 2033. This growth trajectory is influenced by the increasing adoption of electric vehicles, necessitating advanced steel grades, alongside the ongoing global infrastructure development projects driving demand for construction-grade steel. However, fluctuations in raw material prices and global economic uncertainties represent significant restraints on market growth. Despite these challenges, the market is segmented into various grades based on tensile strength and other properties, catering to specific application needs. Major players, such as Rizhao Steel Holding Group, Arvedi Group, and U.S. Steel, are actively investing in R&D and expanding production capacities to meet this rising demand. Regional variations exist, with North America and Asia-Pacific anticipated to be leading market segments, owing to established automotive and construction industries and a high concentration of steel production facilities. The market's future depends on the successful integration of sustainable practices in steel production, alongside maintaining consistent quality control to meet the stringent standards required by end-use industries.

The global market for hot-rolled steel round bars is a substantial sector, valued at $90.8 billion in 2025 and projected to grow at a Compound Annual Growth Rate (CAGR) of 2.5% from 2025 to 2033. This steady growth is driven by increasing demand from the construction and production equipment industries, particularly in regions experiencing robust infrastructure development and industrialization. Stainless steel and carbon steel bars dominate the market, catering to diverse applications requiring varying levels of strength, corrosion resistance, and cost-effectiveness. The construction sector's reliance on steel for reinforcement in buildings and infrastructure projects fuels significant demand, while the production equipment sector utilizes these bars in machinery components and tooling. Competitive pressures among established players like Riva Group, Tata Steel, and Sandvik Materials Technology, alongside emerging players in Asia, are shaping market dynamics. Growth is anticipated to be particularly strong in developing economies in Asia and the Middle East & Africa, where industrialization and urbanization are driving up construction activity and manufacturing output. Challenges include fluctuating raw material prices (iron ore, scrap steel) and environmental concerns related to steel production, prompting a push toward more sustainable manufacturing practices and recycled steel utilization. The market segmentation reveals a strong correlation between steel type and application. Stainless steel bars, prized for their corrosion resistance, are predominantly used in applications demanding high durability and longevity, while carbon steel bars, offering a cost-effective balance of strength and workability, find broader application across various sectors. Geographic distribution shows a relatively even spread across North America, Europe, and Asia Pacific, with China and India emerging as significant growth markets due to large-scale infrastructure projects and industrial expansion. The forecast period will likely see a continuous increase in demand, fueled by both organic growth in existing markets and expansion into new geographic territories. However, economic fluctuations and global trade dynamics could potentially influence growth trajectories in the coming years. Technological advancements in steel manufacturing, such as improved efficiency and precision processes, may also impact market dynamics.

The global industrial hot-rolled and medium thick plate market, valued at $12.83 billion in 2025, is projected to experience steady growth, driven primarily by the burgeoning construction and shipbuilding industries. A compound annual growth rate (CAGR) of 2.1% from 2025 to 2033 indicates a gradual but consistent expansion. The increasing demand for infrastructure development globally, particularly in emerging economies, fuels the market's growth. Furthermore, the automotive industry's continued reliance on high-strength steel for vehicle components contributes significantly to the demand. Specific applications like heavy machinery and equipment manufacturing also contribute to the market's overall stability. While challenges such as fluctuating raw material prices and global economic uncertainties may exert some pressure, the long-term outlook remains positive, supported by ongoing industrialization and urbanization trends. The market is segmented by application (shipbuilding, machinery, automotive, construction, and others) and type (hot-rolled and medium thick plate). While precise segmental breakdowns are unavailable, it's reasonable to assume that the shipbuilding and construction sectors collectively constitute a significant portion of the market due to their substantial consumption of these steel products. Major players like ArcelorMittal, China Baowu Steel Group, and Nippon Steel & Sumitomo Metal hold considerable market share, leveraging their extensive production capacity and global distribution networks. Regional variations in growth are expected, with Asia-Pacific likely to dominate due to the region's robust industrial activity and significant infrastructure development projects. North America and Europe will likely maintain substantial market presence owing to their established industrial bases and automotive sectors. However, emerging markets in South America, the Middle East, and Africa are poised for gradual growth as their economies develop.

The global hot-rolled section steel market is experiencing robust growth, driven by the burgeoning construction industry, particularly in developing economies. The increasing demand for infrastructure development, including bridges, roads, and buildings, is a major catalyst. Furthermore, the expansion of the machinery manufacturing sector and shipbuilding industries are contributing significantly to market expansion. While the precise market size in 2025 is unavailable, considering a plausible CAGR of 5% (a conservative estimate given industry trends), and assuming a 2019 market size of $100 billion (a reasonable approximation given the major players involved), the 2025 market size could be estimated at approximately $128 billion. This growth is primarily fueled by the rising adoption of high-strength steels in construction to enhance structural integrity and durability, along with the ongoing trend towards lightweighting in machinery and vehicles. However, the market faces certain restraints. Fluctuations in raw material prices, primarily iron ore and coking coal, significantly impact production costs and profitability. Furthermore, environmental regulations regarding carbon emissions are increasing pressure on steel manufacturers to adopt more sustainable production processes. The market segmentation reveals a strong demand for I-beams and H-beams, particularly in the building and bridge/road construction segments. Geographically, Asia-Pacific, specifically China and India, are expected to dominate the market due to their large-scale infrastructure projects and industrialization efforts. North America and Europe are also significant contributors, showcasing mature yet consistently demanding markets. Competition among major players like ArcelorMittal, Baosteel Group, and Ansteel Group is intense, driving innovation and efficiency improvements within the industry. The forecast period of 2025-2033 suggests continued growth, albeit potentially at a slightly moderated pace as some of the initial infrastructure boom subsides and stabilization occurs in various economic sectors.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Iron and Steel (WPU101) from Jan 1926 to Jun 2025 about iron, steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.