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.

China Settlement Price: Shanghai Future Exchange: Hot Rolled Coil: 4th Month data was reported at 3,167.000 RMB/Ton in Apr 2025. This records a decrease from the previous number of 3,341.000 RMB/Ton for Mar 2025. China Settlement Price: Shanghai Future Exchange: Hot Rolled Coil: 4th Month data is updated monthly, averaging 3,678.000 RMB/Ton from Mar 2014 (Median) to Apr 2025, with 134 observations. The data reached an all-time high of 6,132.000 RMB/Ton in Jul 2021 and a record low of 1,697.000 RMB/Ton in Nov 2015. China Settlement Price: Shanghai Future Exchange: Hot Rolled Coil: 4th 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.

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.

China Settlement Price: Shanghai Future Exchange: Hot Rolled Coil: 2nd Month data was reported at 3,144.000 RMB/Ton in 09 May 2025. This records a decrease from the previous number of 3,168.000 RMB/Ton for 08 May 2025. China Settlement Price: Shanghai Future Exchange: Hot Rolled Coil: 2nd Month data is updated daily, averaging 3,741.000 RMB/Ton from Mar 2014 (Median) to 09 May 2025, with 2707 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.

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.

FOB China Hot Rolled Coil (HRC): Oct '23 $530, Oct '24 $492 (-7%). Nov '23 $548, Nov '24 $490 (-10%). Dec '23 $566, Dec '24 $484 (-15%).

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.

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).

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 rising demand for flat hot-rolled steel coils in China and how it is expected to drive an upward consumption trend over the next decade. The market is forecasted to see slight growth with an anticipated CAGR of +0.7% in volume terms and +1.4% in value terms from 2024 to 2035, reaching 70M tons and $52B respectively by the end of 2035.

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 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.

China Settlement Price: Shanghai Future Exchange: Hot Rolled Coil: 5th Month data was reported at 3,184.000 RMB/Ton in Apr 2025. This records a decrease from the previous number of 3,348.000 RMB/Ton for Mar 2025. China Settlement Price: Shanghai Future Exchange: Hot Rolled Coil: 5th Month data is updated monthly, averaging 3,652.500 RMB/Ton from Mar 2014 (Median) to Apr 2025, with 134 observations. The data reached an all-time high of 6,100.000 RMB/Ton in Jul 2021 and a record low of 1,686.000 RMB/Ton in Nov 2015. China Settlement Price: Shanghai Future Exchange: Hot Rolled Coil: 5th 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.

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.

152686 Global export shipment records of Hot Rolled Coils with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

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.

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.

China Settlement Price: Shanghai Future Exchange: Hot Rolled Coil: 3rd Month data was reported at 3,166.000 RMB/Ton in Apr 2025. This records a decrease from the previous number of 3,351.000 RMB/Ton for Mar 2025. China Settlement Price: Shanghai Future Exchange: Hot Rolled Coil: 3rd Month data is updated monthly, averaging 3,717.500 RMB/Ton from Mar 2014 (Median) to Apr 2025, with 134 observations. The data reached an all-time high of 6,129.000 RMB/Ton in Jul 2021 and a record low of 1,702.000 RMB/Ton in Nov 2015. China Settlement Price: Shanghai Future Exchange: Hot Rolled Coil: 3rd 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.

The global hot rolled steel coil market is experiencing robust growth, driven by the burgeoning construction, automotive, and energy sectors. While precise market size figures for 2025 are not provided, a logical estimation can be made based on industry trends and typical growth patterns. Assuming a conservative CAGR of 5% (a commonly observed rate for steel products) and a hypothetical 2019 market size of $150 billion, the market would have reached approximately $180 billion by 2025. This growth is fueled by several key factors: increasing infrastructure development globally, particularly in emerging economies; the rising demand for durable goods, including automobiles and appliances; and the expansion of renewable energy projects requiring significant steel components. The market segmentation reveals a strong demand for both thicker and thinner hot rolled coils, with applications spanning various industries. Thicker coils are predominantly utilized in construction and heavy machinery, while thinner coils cater to the automotive and appliance sectors. However, challenges such as fluctuating raw material prices, stringent environmental regulations, and geopolitical uncertainties pose restraints to market growth, influencing price volatility and production cycles. Despite these challenges, the market is expected to continue its upward trajectory. The predicted growth is influenced by ongoing technological advancements in steel production, leading to enhanced efficiency and reduced production costs. Moreover, innovations focusing on the development of high-strength, low-alloy steels are further boosting demand within specific applications. Regional analysis suggests that Asia-Pacific, particularly China and India, will remain the dominant markets due to their extensive infrastructure projects and rapidly expanding manufacturing sectors. However, steady growth is also anticipated in North America and Europe, driven by consistent industrial activity and governmental investments in infrastructure renewal and sustainability initiatives. The competitive landscape is intensely competitive, with major players constantly seeking to optimize their production processes and expand their market share. This comprehensive report offers an in-depth analysis of the global hot rolled steel coil market, a sector projected to exceed $500 billion in value by 2028. We meticulously examine production, consumption, pricing trends, and key players, providing actionable insights for businesses operating within this dynamic landscape. This report is essential for stakeholders seeking to understand the current market dynamics and anticipate future opportunities within the hot-rolled steel coil sector.