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.

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.

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.

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Download Historical Hot Rolled Coil Steel Futures Data. CQG daily, 1 minute, tick, and level 1 data from 1899.

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.

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.

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

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).

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.

U.S. Hot Rolled Coil Steel Market valued at USD 26.50 billion in 2024, advancing to USD 42.65 billion by 2034 at 4.9% CAGR. Discover rising demand in construction & infrastructure projects.

CN: Hot-Rolled Steel Coil: Social Inventory: 33 Cities: Central China data was reported at 41.750 Ton tt in 28 Nov 2025. This records an increase from the previous number of 41.050 Ton tt for 21 Nov 2025. CN: Hot-Rolled Steel Coil: Social Inventory: 33 Cities: Central China data is updated daily, averaging 12.630 Ton tt from Feb 2006 (Median) to 28 Nov 2025, with 1034 observations. The data reached an all-time high of 45.300 Ton tt in 15 Mar 2024 and a record low of 3.380 Ton tt in 02 Jun 2006. CN: Hot-Rolled Steel Coil: Social Inventory: 33 Cities: Central 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.

Explore the factors influencing hot rolled coil (HRC) steel prices, including supply chain dynamics, demand fluctuations, and global economic conditions. Understand the impact of major steel producers, trade policies, and inventory levels on HRC pricing trends.

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

In July 2025, the price of the hot-rolled coil steel in China experienced a significant increase, peaking at around *** U.S. dollars per metric ton. That was the highest price registered since March 2025.

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.

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.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Hot Rolled Steel Bars, Plates, and Structural Shapes, Alloy (WPU10170406) from Dec 2010 to Jul 2025 about steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

Monthly and long-term steel (europe) price data (US$/mt): historical series and analyst forecasts curated by FocusEconomics.

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%).

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.