HRC Steel rose to 857.96 USD/T on July 29, 2025, up 0.94% from the previous day. Over the past month, HRC Steel's price has fallen 2.50%, but it is still 22.04% 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.

Why did the Hot Rolled Coils Price Change in May 2025? The Hot Rolled Coil (HRC) Price Index in North America region settled in Q1 2025 at USD 1212/MT for HR Coil (1.5 mm) DEL Illinois, sustaining stability in comparison to Q4 2024 despite notable intra-quarter fluctuations.

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.

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).

In 2023, over ***** million metric tons of hot rolled steel coils, sheets, and strips were produced globally. This represents a decrease of ** percent in production volume compared to the previous year. Over the period given, this figure reached a peak of approximately *** million metric tons in 2019, before beginning to decline due to the coronavirus epidemic.

Hot Rolled Coil Steel Market Outlook

The global hot rolled coil steel market size was estimated at USD 200 billion in 2023 and is projected to reach approximately USD 300 billion by 2032, registering a CAGR of 4.5% during the forecast period. The growth of the market is largely driven by the increasing demand in the construction and automotive sectors. Hot rolled coil steel (HRC) is a fundamental material used in various industries due to its versatility, durability, and cost-effectiveness.

One of the primary growth factors for the hot rolled coil steel market is the robust development within the construction industry. The need for infrastructural development, particularly in emerging economies, is driving the demand for HRC. Governments around the world are investing heavily in infrastructure projects such as bridges, roads, and buildings, which in turn fuels the demand for durable construction materials like hot rolled coil steel. Additionally, the increasing urbanization and industrialization across various regions are contributing significantly to market growth.

Another crucial factor propelling the market is the burgeoning automotive industry. Hot rolled coil steel is extensively used in manufacturing automobile components due to its high strength and formability. The global automotive industry is experiencing significant growth, especially in countries like China and India, where the demand for vehicles is rising rapidly. This surge in automotive production is expected to further elevate the demand for hot rolled coil steel over the forecast period. Moreover, the trend of electric vehicles (EVs) is creating new avenues for HRC applications, thus amplifying market expansion.

Moreover, the machinery and energy sectors are also contributing to the market growth. The machinery industry, which encompasses a wide range of applications from industrial machinery to agricultural equipment, relies heavily on HRC for its production processes. Similarly, the energy sector, particularly renewable energy projects such as wind turbines, requires substantial quantities of hot rolled coil steel. The global push towards renewable energy sources is expected to sustain the demand for HRC in the coming years. Additionally, the ongoing advancements in production technologies and the development of high-strength, low-weight steel variants are likely to offer lucrative opportunities for market players.

Hot Rolled Channel, a specific type of steel product, is gaining traction in various industrial applications due to its unique structural properties. Unlike other steel products, hot rolled channels are characterized by their U-shaped cross-section, which provides excellent strength and rigidity. This makes them particularly suitable for use in construction projects, where they are often employed as support beams and frameworks. The versatility of hot rolled channels also extends to the automotive industry, where they are used in manufacturing chassis and other structural components. Their ability to withstand high stress and load conditions makes them a preferred choice in sectors that demand durability and reliability.

Regionally, Asia Pacific dominates the hot rolled coil steel market, driven by rapid industrialization and urbanization in countries like China and India. North America and Europe are also significant markets, attributed to the established automotive and construction industries. Additionally, Latin America and the Middle East & Africa are experiencing steady growth, fueled by infrastructural development and energy projects. The regional outlook indicates a diverse demand pattern, influenced by local industrial growth and economic conditions.

Product Type Analysis

The hot rolled coil steel market is segmented by product type into low carbon steel, medium carbon steel, and high carbon steel. Low carbon steel, also known as mild steel, is widely utilized due to its excellent weldability and malleability. This type of steel is predominantly used in the construction industry for structural applications such as beams and columns. Its low cost and ease of production make it a preferred choice for many manufacturers. The increasing number of construction projects, especially in developing regions, is expected to drive the demand for low carbon steel.

Medium car

Daily sample data for Hot Rolled Coil Steel HRC timestamped in Chicago time

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.

The forecast for the global Hot Rolled Coil Steel market predicts substantial growth, with market size projected to soar to USD 330.05 Billion by 2033, a significant increase from the USD 214.03 Billion recorded in 2024. This expansion reflects an impressive compound annual growth rate (CAGR) of 4.93% anticipated between 2025 and 2033.

The Global Hot Rolled Coil Steel market size to cross USD 330

Hot-Rolled Steel Coil: Operating Rate: Steel Companies: East China data was reported at 71.430 % in 02 May 2025. This stayed constant from the previous number of 71.430 % for 25 Apr 2025. Hot-Rolled Steel Coil: Operating Rate: Steel Companies: East China data is updated daily, averaging 92.860 % from May 2015 (Median) to 02 May 2025, with 517 observations. The data reached an all-time high of 100.000 % in 30 Jun 2017 and a record low of 64.290 % in 14 Apr 2023. Hot-Rolled Steel Coil: Operating Rate: Steel Companies: East 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.

Why did the Stainless Steel HR Coil Price Change in July2025? The STAINLESS-STEEL HR COIL (SSHRC) Price Index in North America rose by 0.7% quarter-over-quarter in Q2 2025, despite a brief 1.5% dip in June, as tariff policies continued to inflate landed costs.

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.

In 2023, Asia was the leading region for hot rolled long steel production, recording almost ***** million metric tons produced. China was the main producing country in the region for decades. That year, the steel industry in the European Union made over ** million metric tons of hot rolled long steel products.

Discover the recent surge in hot-rolled coil prices globally, driven by regional fluctuations and protective measures impacting the steel market.

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).

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Hot Rolled Steel Bars, Plates, and Structural Shapes (WPS101704) from Jan 1988 to Jun 2025 about steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

Discover the latest insights from Market Research Intellect's Hot Rolled Steel Coil Market Report, valued at USD 220 billion in 2024, with significant growth projected to USD 320 billion by 2033 at a CAGR of 5.2% (2026-2033).

This statistic illustrates the output of hot rolled coil, sheet and strip produced by the major producing countries in the European Union (EU) from 2010 to 2018, in thousand metric tons. A coil refers to a finished steel sheet or strip, which has been wound or coiled after (hot) rolling. Production volume for these items amounted to about 9.9 million metric tons for France in 2018.

China Hot-Rolled Steel Coil: Inventory data was reported at 354.270 Ton tt in 02 May 2025. This records a decrease from the previous number of 367.690 Ton tt for 25 Apr 2025. China Hot-Rolled Steel Coil: Inventory data is updated daily, averaging 341.770 Ton tt from May 2015 (Median) to 02 May 2025, with 522 observations. The data reached an all-time high of 576.130 Ton tt in 06 Mar 2020 and a record low of 242.420 Ton tt in 20 Dec 2019. China Hot-Rolled Steel Coil: Inventory 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.

Explore the factors influencing U.S. hot rolled coil (HRC) prices in 2023, including demand fluctuations, global trade dynamics, and production costs. Understand the impact of supply chain disruptions, international market conditions, and geopolitical tensions on the steel industry.