HRC Steel fell to 891.06 USD/T on December 2, 2025, down 0.88% from the previous day. Over the past month, HRC Steel's price has risen 5.08%, and is up 29.14% 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.

In Q3 2025, North America, the Hot Rolled Coil Price Index fell by 3.05% quarter-over-quarter, reflecting demand. Check detailed insights for Europe and APAC.

In 2024, the Indian flat hot-rolled steel coils market decreased by -5.9% to $20.5B, falling for the second consecutive year after two years of growth. Overall, the total consumption indicated a modest expansion from 2012 to 2024: its value increased at an average annual rate of +1.4% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -22.1% against 2022 indices.

Hot-Rolled Steel Coil: Operating Rate: Steel Companies: East China data was reported at 71.430 % in 28 Nov 2025. This stayed constant from the previous number of 71.430 % for 21 Nov 2025. Hot-Rolled Steel Coil: Operating Rate: Steel Companies: East China data is updated daily, averaging 92.860 % from May 2015 (Median) to 28 Nov 2025, with 547 observations. The data reached an all-time high of 100.000 % in 30 Jun 2017 and a record low of 64.290 % in 07 Nov 2025. 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.

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).

Discover the booming hot rolled steel coil market! Explore detailed market analysis, including a projected 5% CAGR, regional breakdowns, key players like ArcelorMittal and China Baowu, and future trends shaping this vital industry through 2033. Get insights into market size and growth projections.

Analysis of the GCC flat hot-rolled steel coils market from 2024 to 2035, covering consumption, production, imports, exports, and country-level trends with forecasts for volume and value.

Hot-Rolled Steel Coil: Capacity Utilization Rate: Steel Companies: North China data was reported at 90.340 % in 28 Nov 2025. This records an increase from the previous number of 87.510 % for 21 Nov 2025. Hot-Rolled Steel Coil: Capacity Utilization Rate: Steel Companies: North China data is updated daily, averaging 87.820 % from May 2015 (Median) to 28 Nov 2025, with 547 observations. The data reached an all-time high of 93.660 % in 05 Jun 2015 and a record low of 73.560 % in 11 Mar 2022. Hot-Rolled Steel Coil: Capacity Utilization 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.

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.

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.

According to Cognitive Market Research, the global Galvanized Steel Coil market size was USD 24152.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.20% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 9661.00 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 7245.75 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 5555.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 1207.63 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 483.05 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.
Direct sales is the dominant distribution channel in the galvanized steel coil market due to its ability to offer manufacturers more control over pricing, customer relationships, and order volumes

Market Dynamics of Galvanized Steel Coil Market

Key Drivers for Galvanized Steel Coil Market

Growing Demand for Corrosion-Resistant Materials in Construction to Boost Market Growth

The construction industry is a major driver for the galvanized steel coil market due to its increasing demand for durable and corrosion-resistant materials. Galvanized steel coils are extensively used in roofing, structural frameworks, and building facades, ensuring longevity and low maintenance costs. The rapid urbanization and infrastructure development in emerging economies further amplify the demand. Additionally, government initiatives promoting affordable housing and sustainable construction practices have bolstered the market's growth. These trends are expected to sustain the high demand for galvanized steel coils globally in the coming years. For instance, in February 2022, JFE Steel Corporation and Tohoku University jointly announced that they established the Collaborative Research Laboratory for Green Steel on February 1 to research eco-friendly steel materials and production methods for the carbon-neutral era

Rising Usage in Automotive Applications to Drive Market Growth

The automotive industry has significantly contributed to the growth of the galvanized steel coil market, driven by the need for lightweight and rust-resistant materials. Galvanized steel is widely used in vehicle body panels, chassis, and undercarriages to enhance durability and extend product life. The shift toward electric vehicles (EVs) and the increasing focus on fuel efficiency have heightened the demand for lightweight materials like galvanized steel. Moreover, innovations in coating technologies have enhanced the performance of galvanized steel in automotive applications, making it a preferred choice for manufacturers worldwide.

Restraint Factor for the Galvanized Steel Coil Market

Volatility in Raw Material Prices, will Limit Market Growth

Fluctuations in the prices of raw materials, such as steel and zinc, pose a significant challenge to the galvanized steel coil market. The global supply chain disruptions, coupled with geopolitical tensions, have further aggravated price instability. For manufacturers, rising production costs due to these fluctuations can reduce profit margins and hinder their ability to compete in the market. Additionally, end-users, particularly in cost-sensitive industries, may shift to alternative materials or delay procurement during periods of high price volatility, restraining market growth.

Impact of Covid-19 on the Galvanized Steel Coil Market

Covid-19 pandemic had a significant impact on the galvanized steel coil market, disrupting supply chains and slowing production activities across key industries such as construction, automotive, and manufacturing. Lockdowns and restrictions on industrial operations led to reduced demand for galvanized steel coils, particularly during the initial phases of the pandemic. However, as economies began to recover, there was a resurgence in infrastructure development and construction activities, boosting the ...

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

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.

In Q3 2025, North America, the Cold Rolled Coil Price Index fell by 6.32% quarter-over-quarter, reflecting persistent oversupply. Check detailed insights for Europe, South America and APAC.

Metal and Steel Price: Delhi: Hot Rolled Coils 2.50 mm data was reported at 62,250.000 INR/Metric Ton in Apr 2025. This records an increase from the previous number of 60,480.000 INR/Metric Ton for Mar 2025. Metal and Steel Price: Delhi: Hot Rolled Coils 2.50 mm data is updated monthly, averaging 44,140.000 INR/Metric Ton from Aug 2003 (Median) to Apr 2025, with 257 observations. The data reached an all-time high of 87,910.000 INR/Metric Ton in Apr 2022 and a record low of 21,000.000 INR/Metric Ton in Oct 2003. Metal and Steel Price: Delhi: Hot Rolled Coils 2.50 mm data remains active status in CEIC and is reported by Joint Plant Committee. The data is categorized under India Premium Database’s Metal and Steel Sector – Table IN.WAC008: Metal and Steel Retail Prices: New Delhi: Monthly. [COVID-19-IMPACT]

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%).

The global Hot Rolled Steel Coil market is poised for significant expansion, driven by robust demand from key industries and emerging economic opportunities. Projected to reach an estimated market size of approximately $200 billion by 2025, the market is anticipated to grow at a Compound Annual Growth Rate (CAGR) of around 4.5% during the forecast period of 2025-2033. This upward trajectory is fueled by the relentless pace of infrastructure development worldwide, particularly in rapidly urbanizing regions of Asia Pacific and the ongoing energy transition necessitating extensive pipeline and structural steel usage. The construction sector remains a dominant force, with increased investments in residential, commercial, and industrial projects requiring substantial quantities of hot rolled steel coils. Furthermore, the transportation industry, encompassing automotive manufacturing and the development of railway infrastructure, continues to be a consistent and substantial consumer. While growth drivers are strong, the market faces certain headwinds. Fluctuations in raw material prices, especially iron ore and coking coal, can impact profitability and necessitate strategic sourcing and price hedging. Stringent environmental regulations and the push for decarbonization in the steel industry are also compelling manufacturers to invest in greener production technologies, which can entail significant capital expenditure. However, the industry is actively innovating, with a growing emphasis on producing higher-strength and specialized hot rolled steel coils to meet evolving application demands. The segmentation of the market into hot rolled coils with thicknesses above and below 3mm caters to diverse applications, from heavy-duty structural components to lighter gauge materials for consumer goods. Leading global players are actively engaged in mergers, acquisitions, and technological advancements to maintain competitive advantages and capitalize on regional market specificities.

China Hot-Rolled Steel Coil: Operating Rate: Steel Companies data was reported at 81.250 % in 02 May 2025. This stayed constant from the previous number of 81.250 % for 25 Apr 2025. China Hot-Rolled Steel Coil: Operating Rate: Steel Companies data is updated daily, averaging 87.500 % from May 2015 (Median) to 02 May 2025, with 517 observations. The data reached an all-time high of 100.000 % in 09 Oct 2015 and a record low of 76.560 % in 12 May 2023. China Hot-Rolled Steel Coil: Operating Rate: Steel Companies 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.

Metal and Steel Price: Delhi: Cold Rolled Coils 1.00 mm data was reported at 67,850.000 INR/Metric Ton in Apr 2025. This records an increase from the previous number of 66,080.000 INR/Metric Ton for Mar 2025. Metal and Steel Price: Delhi: Cold Rolled Coils 1.00 mm data is updated monthly, averaging 48,690.000 INR/Metric Ton from Aug 2003 (Median) to Apr 2025, with 257 observations. The data reached an all-time high of 94,990.000 INR/Metric Ton in Apr 2022 and a record low of 24,300.000 INR/Metric Ton in Oct 2003. Metal and Steel Price: Delhi: Cold Rolled Coils 1.00 mm data remains active status in CEIC and is reported by Joint Plant Committee. The data is categorized under India Premium Database’s Metal and Steel Sector – Table IN.WAC008: Metal and Steel Retail Prices: New Delhi: Monthly.

Analysis of the Northern American flat hot-rolled steel coils market, covering consumption, production, trade, and price trends from 2013-2024, with a forecast to 2035 projecting a volume of 56M tons and a value of $43B.