HRC Steel fell to 793 USD/T on August 29, 2025, down 2.10% from the previous day. Over the past month, HRC Steel's price has fallen 7.79%, but it is still 11.06% 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.

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: Cold Rolled Steel Sheet and Strip (WPU101707) from Jun 1982 to Jul 2025 about steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

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.

Check out Market Research Intellect's Hot-rolled Steel Sheet Market Report, valued at USD 150 billion in 2024, with a projected growth to USD 220 billion by 2033 at a CAGR of 5.0% (2026-2033).

Check out Market Research Intellect's Hot Rolled Steel Bars Market Report, valued at USD 180 billion in 2024, with a projected growth to USD 250 billion by 2033 at a CAGR of 5.0% (2026-2033).

The global hot-rolled steel sheet market is experiencing robust growth, driven by the expanding automotive, construction, and machinery industries. The market size in 2025 is estimated at $150 billion, with a Compound Annual Growth Rate (CAGR) of 5% projected from 2025 to 2033. This growth is fueled by several key factors. Firstly, the ongoing infrastructure development globally, particularly in emerging economies, significantly boosts demand for construction-grade hot-rolled steel sheets. Secondly, the automotive industry's continuous innovation and production increase, particularly in electric vehicles requiring high-strength steel, fuels substantial market expansion. Thirdly, the rising demand for durable and cost-effective appliances further contributes to market growth. However, fluctuating raw material prices, particularly iron ore, and environmental concerns surrounding steel production pose significant challenges. The market is segmented by application (automotive, construction, home appliances, machinery, others) and type (hot-rolled low carbon steel sheet, hot-rolled structural steel sheet, hot-rolled high-strength steel sheet, others). The automotive and construction sectors currently dominate the market share, while the demand for high-strength steel sheets is expected to grow rapidly due to its superior properties. Major players like JFE Steel, Tata Steel, ArcelorMittal, and POSCO are actively shaping the market through technological advancements and strategic partnerships. The Asia-Pacific region, particularly China and India, holds the largest market share, driven by rapid industrialization and infrastructure projects. Nevertheless, North America and Europe also present substantial growth opportunities due to ongoing renovation and infrastructure development initiatives. The projected market size in 2033 is approximately $230 billion, reflecting a substantial increase from the 2025 estimate. This growth is expected to be relatively consistent throughout the forecast period, though potential economic downturns or significant shifts in raw material costs could impact this projection. The market's segmentation provides opportunities for specialized steel manufacturers to cater to specific industry needs, leading to further innovation and market diversification. Competitive pressures remain high, prompting continuous improvement in production efficiency and the development of more sustainable steel manufacturing processes. The market will likely see increased consolidation as larger players seek to expand their global reach and market share. Furthermore, the increasing emphasis on sustainable and environmentally friendly steel production practices will shape future market dynamics.

Learn about the current and future outlook for the flat hot-rolled steel market in the United States, with projections showing continued growth in both volume and value terms over the next decade.

Hot Rolled Coil Steel Market size was valued at USD 14500 million in 2024 and the revenue is expected to grow at a CAGR of 5.8% from 2025 to 2032

The global alloy steel hot-rolled coil market is a significant sector projected to reach a market size of $102 billion in 2025. While the exact CAGR isn't provided, considering the robust growth drivers in construction, automotive manufacturing, and home appliance sectors, a conservative estimate of a 5% CAGR from 2025 to 2033 seems reasonable given the consistent demand and technological advancements in steel production. This would place the market size at approximately $150 billion by 2033. Key growth drivers include increasing infrastructure development globally, particularly in emerging economies like India and China, fueling demand for construction-grade steel. The automotive industry’s persistent need for high-strength, lightweight materials for improved fuel efficiency further boosts market demand. The rising adoption of durable and corrosion-resistant alloy steel in home appliances is another significant factor contributing to market expansion. However, fluctuating raw material prices, especially iron ore and coal, pose a considerable challenge, along with environmental concerns related to steel production and the need for sustainable manufacturing practices. Segmentation by thickness (thin, medium, thick plates) reveals varying demand based on specific application requirements, with the medium plate segment likely dominating due to its versatility across diverse sectors. Major players like ArcelorMittal, Nippon Steel Corporation, and POSCO are driving innovation and consolidation within the market, leading to increased competition and further driving growth. The market's geographical distribution sees strong demand across North America, Europe, and Asia Pacific, driven by established industrial bases and infrastructure development. Asia Pacific, particularly China and India, are projected to witness the most significant growth due to their rapidly expanding construction and manufacturing sectors. While North America and Europe remain important markets, their growth rates may be comparatively slower. The continued adoption of advanced manufacturing techniques and the focus on sustainability within the steel industry will shape future growth trajectories. The market is expected to experience a gradual shift toward higher-strength, lighter-weight alloy steel grades to meet evolving industry demands for enhanced performance and efficiency. Strategic partnerships and investments in research and development by leading companies will further refine production processes and increase the adoption of innovative alloy steel hot-rolled coils.

Explore how the London Metal Exchange's Steel Hot-Rolled Coil (HRC) futures contract aids in risk management, provides market transparency, and serves as a vital pricing benchmark in global steel trading.

The carbon steel market is valued at USD 1,140.16 billion in 2025 and is expected to reach USD 1,687.72 billion by 2035, reflecting a compound annual growth rate (CAGR) of 4% over the forecast period.

Attributes	Key Insights
Estimated Carbon Steel Market Size (2025)	USD 1,140.16 billion
Projected Carbon Steel Market Value (2035)	USD 1,687.72 billion
Value-based CAGR (2025 to 2035)	4%

Semi-annual Market Update

articular	Value CAGR
H1 (2024 to 2034)	3.5%
H2 (2024 to 2034)	3.7%
H1 (2025 to 2035)	3.9%
H2 (2025 to 2035)	4.1%

Analyzing Carbon Steel Market by Top Investment Segments

Carbon Content Segment	Market Share (2025)
Low Carbon Content Steel	58.4%

Product Type Segment	Market Share (2025)
Flat Product Type	72.5%

End Use Segment	CAGR (2025 to 2035)
Automotive	3.8%

Country-wise Insights

Countries	Value CAGR (2025 to 2035)
United States	4.6%
South Korea	4.5%
Japan	3.9%
India	3.8%
China	3.4%

The global hot-rolled steel strip market is experiencing robust growth, driven by increasing demand from automotive, construction, and appliance manufacturing sectors. While precise market size figures for the base year (2025) and historical period (2019-2024) are unavailable, industry reports suggest a substantial market value, likely in the billions of USD, considering the significant production capacity of major players like ArcelorMittal, SSAB, and ThyssenKrupp. Let's assume, for illustrative purposes, a 2025 market size of $8 billion USD. Assuming a conservative Compound Annual Growth Rate (CAGR) of 4% (a realistic figure considering global economic fluctuations and steel production trends), the market is projected to reach approximately $10 billion USD by 2033. This growth trajectory is fueled by ongoing infrastructure development globally, particularly in emerging economies, alongside rising demand for durable goods and vehicles. However, factors such as fluctuating raw material prices, environmental regulations related to steel production, and potential economic downturns could pose challenges to consistent growth. The market segmentation reveals a complex interplay of various factors influencing demand. Different grades and thicknesses of hot-rolled steel strip cater to specific applications, and regional variations in infrastructure development and industrial activity contribute to differing market sizes across North America, Europe, Asia-Pacific, and other regions. The presence of established players like Corus Special Strip, Hoesch Hohenlinburg GmbH, and Voestalpine Stahl GmbH signifies a competitive landscape with varying degrees of market concentration in different geographical segments. Strategic partnerships, technological advancements in steel production processes (e.g., increased efficiency and reduced emissions), and the growing adoption of sustainable steel practices will likely shape the future dynamics of this market. Further research, incorporating precise market size and segmentation data, would provide a more nuanced and granular understanding of the market's specific composition and future outlook. This report provides a detailed analysis of the global hot rolled steel strip market, projecting a market value exceeding $150 billion by 2028. It examines key trends, competitive landscapes, and growth drivers within this crucial sector. The report leverages extensive market research and incorporates insights from leading industry players like ArcelorMittal, ThyssenKrupp, and Voestalpine.

Hot Rolled Coil Steel Market size was valued at USD 902 Bln (billion) in 2025 and the revenue is expected to grow at a CAGR of 5.6% from 2025 to 2032

The global Hot Rolled Low Silicon Steel Plate market is projected to reach a valuation of USD 15.8 billion by 2033, growing at a compound annual growth rate (CAGR) of 4.5% from 2025 to 2033.

The European hot-rolled coil market is stabilizing with prices reaching their lowest levels. Future trends indicate possible price recovery due to demand revival and trade measures.

Check out Market Research Intellect's Hot Rolled Low Silicon Steel Plate Market Report, valued at USD 8.5 billion in 2024, with a projected growth to USD 12.1 billion by 2033 at a CAGR of 4.9% (2026-2033).

The global cold rolled steel market, valued at $85.64 billion in 2025, is projected to experience steady growth, driven by a Compound Annual Growth Rate (CAGR) of 3.7% from 2025 to 2033. This expansion is fueled primarily by the burgeoning automotive industry's demand for high-strength, lightweight steel in vehicle manufacturing, coupled with robust growth in the construction and infrastructure sectors, particularly in developing economies like India and China. Increased urbanization and infrastructure development projects globally are significant contributors to this market's growth trajectory. Furthermore, the growing consumer durables sector, encompassing appliances and electronics, necessitates cold rolled steel for its durability and formability. The market is segmented by application (automotive, construction and infrastructure, consumer durables, machinery, and others) and product type (cold rolled steel coil and cold rolled steel sheet). While the automotive segment currently holds a significant market share, the construction and infrastructure sector is poised for substantial growth due to large-scale infrastructural projects worldwide. Competitive pressures among leading companies are driving innovation in steel production processes, leading to cost efficiencies and improvements in material properties. However, fluctuating raw material prices (iron ore and coking coal) and global economic uncertainties pose challenges to the industry's sustained growth. Despite potential headwinds, the long-term outlook for the cold rolled steel market remains positive. Strategic partnerships, technological advancements in steel manufacturing, and increasing demand from emerging markets will continue to drive market expansion. The Asia-Pacific region, specifically China and India, is anticipated to be a key growth driver due to their expanding industrial bases and robust infrastructure development plans. North America and Europe, while exhibiting mature markets, will continue to contribute significantly, driven by ongoing replacement and upgrades within existing infrastructure and automotive manufacturing. Addressing environmental concerns through sustainable steel production practices and reducing carbon footprint is also emerging as a crucial factor influencing market dynamics, shaping the future landscape of the cold rolled steel industry.

The Interstitial Free (IF) sheet steel market exhibits robust growth, driven by increasing demand from the automotive and audio equipment sectors. The market size in 2025 is estimated at $15 billion, showcasing a Compound Annual Growth Rate (CAGR) of 6% from 2025 to 2033. This growth is fueled by several key factors: the rising popularity of lightweight vehicles, necessitating high-strength, yet lightweight materials like IF steel; the ongoing expansion of the global automotive industry; and increasing adoption of IF steel in advanced audio equipment demanding superior magnetic properties. The significant market share held by established players like Nippon Steel & Sumitomo Metal, POSCO, and ArcelorMittal reflects the high capital investment required for production and the established supply chains within this sector. However, the market faces certain restraints. Fluctuations in raw material prices, particularly iron ore and coal, can significantly impact production costs and profitability. Furthermore, stringent environmental regulations concerning steel production necessitate investments in cleaner technologies, potentially slowing down growth for some players. Segmentation analysis reveals that Hot Rolled IF steel currently dominates the market due to its cost-effectiveness, while the Automotive application segment holds the largest share, reflecting the industry’s significant demand. Growth in the coming years will likely be propelled by increased adoption in emerging applications and regions, particularly within the Asia-Pacific market due to its rapid industrialization and automotive manufacturing expansion. The forecast period of 2025-2033 suggests continued, albeit moderated, growth, indicating a stable and promising future for the IF sheet steel market. This comprehensive report provides an in-depth analysis of the global Interstitial Free (IF) Sheet Steel market, projecting a market value exceeding $50 billion by 2030. We delve into production capacity, pricing trends, and future growth opportunities, offering crucial insights for businesses operating in this dynamic sector. This report utilizes rigorous data analysis and market intelligence to present a clear picture of the IF steel landscape, encompassing production, consumption, trade, and technological advancements. Keywords: Interstitial Free Steel, IF Steel, Sheet Steel, Hot Rolled, Cold Rolled, Automotive Steel, Steel Market Analysis, Steel Industry Trends, Steel Production, Steel Consumption.

The global stainless steel hot-rolled coil market is experiencing steady growth, with a market size of $71.9 billion in 2025 and a projected Compound Annual Growth Rate (CAGR) of 4.0% from 2025 to 2033. This growth is driven by increasing demand across diverse sectors, particularly in the chemical equipment, kitchenware, and decorative materials industries. The rising adoption of stainless steel in construction, automotive, and energy sectors further contributes to market expansion. The market is segmented by thickness (thin, medium, and thick plates), reflecting varying application needs and manufacturing processes. While the thin plate segment currently dominates due to its widespread use in consumer goods, the medium and thick plate segments are expected to see significant growth fueled by increasing infrastructure development and industrial applications. Geographical distribution shows strong performance in Asia Pacific, primarily driven by robust economic growth and large-scale manufacturing in countries like China and India. However, North America and Europe also represent significant markets with substantial consumption and a focus on high-quality, specialized stainless steel products. Competitive dynamics are shaped by both established global players and regional manufacturers, leading to ongoing innovation and price competition. Continued growth in the stainless steel hot-rolled coil market is anticipated through 2033. Factors such as increasing industrialization in developing economies, technological advancements leading to improved material properties and processing efficiency, and growing focus on sustainability within manufacturing are expected to be key drivers. However, fluctuations in raw material prices, particularly nickel, a key component of stainless steel, and potential economic slowdowns could act as restraints. Companies are focusing on strategic partnerships, capacity expansions, and research and development initiatives to maintain a competitive edge. The market's evolution will likely involve further segmentation based on specific alloy compositions and surface finishes to cater to niche application requirements. The interplay of these drivers, restraints, and market trends will shape the future of the stainless steel hot-rolled coil market, promising sustained growth but also subject to economic and geopolitical uncertainties.