HRC Steel rose to 814 USD/T on October 10, 2025, up 0.12% from the previous day. Over the past month, HRC Steel's price has risen 0.49%, and is up 15.46% compared to the same time last year, 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.

Hot Rolled Steel Coil Market Outlook

The global hot rolled steel coil market size was valued at approximately USD 225 billion in 2023 and is projected to reach USD 320 billion by 2032, growing at a CAGR of 4.0% during the forecast period. This market's growth is driven by rapid industrialization and infrastructural developments worldwide. Hot rolled steel coils are extensively used in construction, automotive, and machinery applications due to their high strength and versatility.

One of the significant growth factors for the hot rolled steel coil market is the burgeoning demand in the construction industry. With rapid urbanization in emerging economies, there has been a substantial increase in the need for infrastructural development, including residential buildings, commercial complexes, and public infrastructure projects. This demand directly translates into increased consumption of hot rolled steel coils, as they are fundamental materials for constructing beams, columns, and other structural components. Additionally, the trend towards high-rise buildings and smart cities further propels the market growth.

The automotive industry is another critical driver of the hot rolled steel coil market. As the global automotive production and sales rise, there is a corresponding increase in the demand for hot rolled steel coils, which are essential in manufacturing automotive components like chassis, frames, and body panels. The industry's shift towards electric vehicles (EVs) also contributes to this market, as manufacturers seek lightweight yet durable materials, which hot rolled steel coils can provide. This dual demand from conventional and electric vehicle segments ensures a steady growth trajectory for the market.

Technological advancements in steel manufacturing processes have also played a pivotal role in the market's growth. Innovations such as improved rolling techniques and chemical treatments have enhanced the quality and performance characteristics of hot rolled steel coils. These advancements allow manufacturers to produce steel with better surface finishes, higher tensile strength, and improved resistance to corrosion and wear. Consequently, industries that require high-performance materials, such as oil & gas and heavy machinery, are increasingly adopting hot rolled steel coils, bolstering market growth.

Hot Rolled Carbon Steel Sheet plays a crucial role in the manufacturing sector, especially in applications requiring durability and strength. These sheets are integral in producing various structural components, including beams and columns, which are essential for supporting large infrastructures. The versatility of hot rolled carbon steel sheets makes them a preferred choice for industries that demand materials capable of withstanding significant stress and wear. Their ability to be easily shaped and formed without compromising on strength makes them ideal for use in construction and industrial machinery, further driving their demand across global markets.

Regionally, Asia Pacific dominates the hot rolled steel coil market, accounting for the largest market share. The region's dominance can be attributed to the presence of rapidly developing economies like China and India, where industrialization and urbanization are occurring at an unprecedented pace. North America and Europe also present significant market opportunities, driven by ongoing infrastructural developments and technological advancements in steel production. Latin America and the Middle East & Africa regions are expected to witness moderate growth due to emerging industrial activities and investments in infrastructure projects.

Product Type Analysis

The hot rolled steel coil market is segmented by product type, encompassing low carbon steel, medium carbon steel, and high carbon steel. Low carbon steel is characterized by its low carbon content, typically less than 0.25%, making it more malleable and ductile compared to other types. This type of steel is extensively used in construction and automotive applications due to its ease of welding and forming. The demand for low carbon steel is primarily driven by its applications in making structural beams, panels, and automotive body parts, where flexibility and ease of shaping are crucial.

Medium carbon steel, with a carbon content ranging from 0.25% to 0.60%, offers a balance between strength and ductility. This type of steel finds applications in manuf

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.

The global Hot Rolled Coil Steel Market size was valued at USD 341.97 billion in 2024 and is projected to grow at a CAGR of 5.5% from 2025 to 2034.

Market Research Intellect presents the Hot Rolled Coil Steel Market Report-estimated at USD 210 billion in 2024 and predicted to grow to USD 290 billion by 2033, with a CAGR of 4.5% over the forecast period. Gain clarity on regional performance, future innovations, and major players worldwide.

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

Intraday 1 minute sample data for Hot Rolled Coil Steel HRC timestamped in Chicago time

The U.S. Hot Rolled Coil Steel Market size was estimated at USD 26.50 billion in 2024 and is anticipated to grow at a CAGR of 4.9% from 2025 to 2034.

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.

An overview of the divergent price trends for hot-rolled coil across Europe, the US, and China in August 2025, analyzing the key drivers behind each region's market performance.

Discover Market Research Intellect's Hot Rolled Steel Coil Market Report, worth USD 220 billion in 2024 and projected to hit USD 320 billion by 2033, registering a CAGR of 5.2% between 2026 and 2033.Gain in-depth knowledge of emerging trends, growth drivers, and leading companies.

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).

View weekly updates and historical trends for NYMEX Hot Rolled Coil Steel Futures Open Interest. Source: US Commodity Futures Trading Commission. Track ec…

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.

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 *** U.S. dollars per metric ton—a ** 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 ***** 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 *** billion yuan (approximately ** billion U.S. dollars). This comes after China's steel sector had a drop in sales to its domestic auto sector in early 2019.

Download U.S. Midwest Domestic Hot-Rolled Coil Steel (CME) (HRC1 Comdty) historical futures data — 1m, 5m, 10m, 30m, 1h, Daily — from 2008-Oct-20 to 2025-J

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.

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.

The global carbon steel hot-rolled coil market is experiencing steady growth, projected to reach a value of $139 million in 2025, with a compound annual growth rate (CAGR) of 4.1% from 2025 to 2033. This growth is driven by several key factors. The increasing demand from the construction industry, particularly in infrastructure projects like bridges and buildings, fuels significant consumption. The automotive sector, a major consumer of hot-rolled coils for body panels and chassis components, also contributes substantially. Further bolstering market expansion is the ongoing growth in shipbuilding, where carbon steel hot-rolled coils are essential for hull construction. While rising raw material prices and fluctuating steel production costs present some challenges, the overall positive outlook for construction, automotive manufacturing, and shipbuilding suggests continued market expansion. Technological advancements focusing on enhanced strength, corrosion resistance, and lighter weight coils further contribute to market growth. Competition is fierce among major players like ArcelorMittal, Nippon Steel Corporation, and POSCO, driving innovation and efficiency improvements throughout the supply chain. The market segmentation highlights the significant contribution of ordinary carbon structural steel and its dominant use in the construction sector. However, low alloy high-strength structural steel is showing promising growth, driven by its superior properties, leading to its increased adoption in demanding applications. Geographic analysis indicates that Asia-Pacific, particularly China and India, are key market drivers due to their robust infrastructure development and manufacturing sectors. North America and Europe, while mature markets, continue to contribute significantly due to ongoing refurbishment and new construction projects. The market's future trajectory hinges on global economic growth, particularly in developing nations, and continued advancements in steel technology and manufacturing processes. This dynamic market environment presents lucrative opportunities for existing players and potential entrants alike.

Nucor and Cleveland-Cliffs adjust hot-rolled coil prices amid market recovery and economic shifts, signaling potential changes in the US steel industry.