HRC Steel increased 180.96 USD/T or 25.52% since the beginning of 2025, 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.

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.

Metal and Steel Price: Delhi: Cold Rolled Coils 0.63 mm data was reported at 65,940.000 INR/Metric Ton in Feb 2025. This records a decrease from the previous number of 69,620.000 INR/Metric Ton for Jan 2025. Metal and Steel Price: Delhi: Cold Rolled Coils 0.63 mm data is updated monthly, averaging 48,780.000 INR/Metric Ton from Aug 2003 (Median) to Feb 2025, with 255 observations. The data reached an all-time high of 96,760.000 INR/Metric Ton in Apr 2022 and a record low of 25,300.000 INR/Metric Ton in Oct 2003. Metal and Steel Price: Delhi: Cold Rolled Coils 0.63 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.

In the second quarter of financial year 2025, the cost of a 16 mm steel bar in the Indian cities of Chennai and Hyderabad reached 66 Indian rupees per kilogram. However, in Delhi, the steel was slightly more affordable. Compared to the previous year, there was a noticeable increase in steel prices across all cities. The significant uptick in the cost of steel in India towards the end of 2020, was believed to be a result of China’s increased demand for Indian iron ore. Crude steel India’s crude steel production has been growing steadily, with the basic oxygen furnace (BOF) being the preferred production method. While both private and public sector companies contribute to this production, the private sector, dominates the market. JSW Steel, in particular, has the highest production capacity in India, contributing significantly to the country’s position as the world’s second-largest producer of steel. Steel consumption in India Steel consumption in India has been on a steady rise, with the country’s rapid industrialization and development in sectors such as construction, automobile, and infrastructure. This upward trend in steel consumption is estimated to persist, with an annual growth rate of nine percent in fiscal year 2024.

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.

Metal and Steel Price: Delhi: Sponge Iron Coal Based data was reported at 36,110.000 INR/Metric Ton in Feb 2025. This records an increase from the previous number of 35,990.000 INR/Metric Ton for Jan 2025. Metal and Steel Price: Delhi: Sponge Iron Coal Based data is updated monthly, averaging 23,675.000 INR/Metric Ton from Aug 2003 (Median) to Feb 2025, with 254 observations. The data reached an all-time high of 52,746.000 INR/Metric Ton in Mar 2022 and a record low of 10,500.000 INR/Metric Ton in Sep 2003. Metal and Steel Price: Delhi: Sponge Iron Coal Based 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.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Hot Rolled Steel Bars, Plates, and Structural Shapes (WPU101704) from Jun 1982 to Feb 2025 about steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

The United States flat hot-rolled steel market is expected to see continued growth over the next decade, with a projected increase in volume to 64M tons and value to $72.9B by 2035.

In 2024, the CIS hot-rolled steel products market decreased by -10% to $18B, falling for the second year in a row after two years of growth. In general, consumption, however, posted measured growth. Over the period under review, the market reached the peak level at $23.2B in 2022; however, from 2023 to 2024, consumption failed to regain momentum.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Fabricated Steel Plate (WPU10760102) from Dec 2001 to Feb 2025 about fabrication, steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

Metal and Steel Price: Chennai: Plates 6 mm data was reported at 57,860.000 INR/Metric Ton in Feb 2025. This stayed constant from the previous number of 57,860.000 INR/Metric Ton for Jan 2025. Metal and Steel Price: Chennai: Plates 6 mm data is updated monthly, averaging 44,590.000 INR/Metric Ton from Aug 2003 (Median) to Feb 2025, with 255 observations. The data reached an all-time high of 94,900.000 INR/Metric Ton in Apr 2022 and a record low of 23,500.000 INR/Metric Ton in Nov 2003. Metal and Steel Price: Chennai: Plates 6 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.WAC002: Metal and Steel Retail Prices: Chennai: Monthly.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Iron and Steel (WPU101) from Jan 1926 to Feb 2025 about iron, steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

Metal and Steel Price: Chennai: Channels 150x75 mm data was reported at 60,300.000 INR/Metric Ton in Feb 2025. This stayed constant from the previous number of 60,300.000 INR/Metric Ton for Jan 2025. Metal and Steel Price: Chennai: Channels 150x75 mm data is updated monthly, averaging 42,348.000 INR/Metric Ton from Aug 2003 (Median) to Feb 2025, with 255 observations. The data reached an all-time high of 81,190.000 INR/Metric Ton in Apr 2022 and a record low of 20,000.000 INR/Metric Ton in Oct 2003. Metal and Steel Price: Chennai: Channels 150x75 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.WAC002: Metal and Steel Retail Prices: Chennai: Monthly.

Graph and download economic data for Producer Price Index by Industry: Rolled Steel Shape Manufacturing: Cold Rolled Steel Sheet and Strip, Made from Purchased Steel (PCU3312213312211) from Jan 1967 to Feb 2025 about purchase, steel, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

Discover the latest trends in the global market for flat-rolled iron and steel products, projected to see steady growth in both volume and value over the next decade.

In 2023, the price index for iron and steel combined in Germany was 167.8. This means that compared to 2015, the index year, prices have increased by almost 684 percent. This was a significant difference compared to the year before.

China Retail Sales Nowcast: YoY: Contribution: Producer Price/ Factory Price: Producer Goods Price: Steel Product: Hot Rolled Steel Strip: 180*2.5 data was reported at 0.000 % in 10 Mar 2025. This records a decrease from the previous number of 0.014 % for 03 Mar 2025. China Retail Sales Nowcast: YoY: Contribution: Producer Price/ Factory Price: Producer Goods Price: Steel Product: Hot Rolled Steel Strip: 180*2.5 data is updated weekly, averaging 0.000 % from Feb 2021 (Median) to 10 Mar 2025, with 215 observations. The data reached an all-time high of 4.336 % in 01 Jan 2024 and a record low of 0.000 % in 10 Mar 2025. China Retail Sales Nowcast: YoY: Contribution: Producer Price/ Factory Price: Producer Goods Price: Steel Product: Hot Rolled Steel Strip: 180*2.5 data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s China – Table CN.CEIC.NC: CEIC Nowcast: Retail Sales.

The Central Asian hot-rolled free-cutting steel market expanded markedly to $802K in 2024, surging by 10% against the previous year. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $919K. From 2023 to 2024, the growth of the market remained at a lower figure.

In Q4 2024, the Steel Plate market in North America experienced a steady but challenging environment, marked by fluctuating prices and cautious buyer sentiment. Prices for Steel Plates in the U.S. spot market ranged from stable to slightly declining, with a noticeable 0.8% decrease in early December reflecting an ongoing trend since mid-2022. The Manufacturing Index indicated marginal improvements, suggesting a potential easing of contraction in the manufacturing sector, though key metrics like raw steel production remained below previous year's averages.

Learn about the projected growth in the United States hot-rolled steel market over the next decade, with an expected increase in market volume to 52M tons and market value to $80.2B by 2035.