HRC Steel fell to 876.95 USD/T on July 11, 2025, down 0.57% from the previous day. Over the past month, HRC Steel's price has risen 1.73%, and is up 31.87% 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.

Daily sample data for Hot Rolled Coil Steel HRC timestamped in Chicago time

Steel fell to 3,086 CNY/T on July 11, 2025, down 0.61% from the previous day. Over the past month, Steel's price has risen 5.22%, but it is still 6.46% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Steel - values, historical data, forecasts and news - updated on July of 2025.

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 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.

Learn about the expected price hikes in the European steel market due to various challenges, including new trade restrictions and fluctuating energy costs.

The global flat steel industry value reached USD 558 billion in 2023. Over the forecast period, the value is anticipated to rise at 5.9% CAGR. The sector is predicted to increase from USD 586 billion in 2024 to USD 1037 billion in 2034.

Attributes	Description
Estimated Global Flat Steel Market Size (2024E)	USD 586 billion
Projected Global Flat Steel Market Value (2034F)	USD 1037 billion
Value-based CAGR (2024 to 2034)	5.9%

Country-wise Insights

Countries	CAGR 2024 to 2034
United States	3.3%
Germany	2.8%
China	6.6%
Japan	2.5%
India	8.7%

Category-wise Insights

Segment	Hot Rolled Coil (Type)
Value Share (2024)	35.7%

Segment	Construction (Application)
Value Share (2024)	36.3%