HRC Steel fell to 811.05 USD/T on October 21, 2025, down 0.12% from the previous day. Over the past month, HRC Steel's price has fallen 2.17%, but it is still 15.04% 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.

Graph and download economic data for Producer Price Index by Industry: Iron and Steel Mills and Ferroalloy Manufacturing: Hot Rolled Steel Sheet and Strip, Including Tin Mill Products (PCU3311103311105) from Jan 1965 to Feb 2022 about tin, iron, mills, steel, metals, PPI, industry, inflation, price index, indexes, price, and USA.

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

United States - Producer Price Index by Commodity: Metals and Metal Products: Hot Rolled Steel Bars, Plates, and Structural Shapes, Alloy was 124.41500 Index Dec 2010=100 in July of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Hot Rolled Steel Bars, Plates, and Structural Shapes, Alloy reached a record high of 158.05500 in May of 2022 and a record low of 83.80000 in March of 2016. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Metals and Metal Products: Hot Rolled Steel Bars, Plates, and Structural Shapes, Alloy - last updated from the United States Federal Reserve on October of 2025.

Get the latest insights on price movement and trend analysis of Cold Rolled Steel Sheet in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

United States - Producer Price Index by Commodity: Metals and Metal Products: Cold Rolled Steel Sheet and Strip was 372.19600 Index Jun 1982=100 in August of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Cold Rolled Steel Sheet and Strip reached a record high of 711.61100 in November of 2021 and a record low of 99.40000 in January of 1983. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Metals and Metal Products: Cold Rolled Steel Sheet and Strip - last updated from the United States Federal Reserve on October of 2025.

Hot-Rolled Steel Products Price in Mexico - 2023. Find the latest marketing data on the IndexBox platform.

An overview of the divergent price trends for hot-rolled coil across Europe, the US, and China in August 2025, analyzing the key drivers behind each region's market performance.

Hot-Rolled Steel Products Price in the United States - 2023. Find the latest marketing data on the IndexBox platform.

View monthly updates and historical trends for US Producer Price Index: Metals and Metal Products: Hot Rolled Steel Bars, Plates, & Structural Shapes. fro…

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.

Get the latest insights on price movement and trend analysis of Hot Rolled Steel 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 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.

View yearly updates and historical trends for US Producer Price Index: Metals and Metal Products: Cold Rolled Steel Sheet Strip. from United States. Sourc…

Explore the intricate factors influencing the pricing of hot rolled steel in China, including domestic demand, production levels, government policies, and global trade dynamics. Stay informed about how these elements shape the volatile steel market.

Hot-Rolled Steel Products Price in Turkey - 2023. Find the latest marketing data on the IndexBox platform.

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]

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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Hot-rolled Steel Sheet Market Outlook

The global hot-rolled steel sheet market size was valued at approximately USD 210 billion in 2023 and is expected to reach around USD 290 billion by 2032, growing at a CAGR of 3.5% during the forecast period. The steady growth of this market can be attributed to the robust demand from key industries such as automotive, construction, and machinery. Factors such as urbanization, industrialization, and infrastructure development are significant growth drivers, stimulating the demand for hot-rolled steel sheets across various applications.

One of the primary growth factors for the hot-rolled steel sheet market is the rapid industrialization and urbanization occurring globally, particularly in emerging markets. As countries develop, there is a surge in construction activities, both for residential and commercial purposes, necessitating a considerable amount of hot-rolled steel sheets. Additionally, the expansion of infrastructure projects, such as bridges, railways, and highways, further propels the demand for these steel sheets. This trend is especially notable in regions experiencing high economic growth, where government initiatives are heavily focused on improving infrastructure.

Another significant growth driver is the automotive industry's consistent demand for hot-rolled steel sheets. The automotive sector relies heavily on these sheets for manufacturing various vehicle components due to their strength, durability, and malleability. As global automobile production continues to rise, the requirement for high-quality steel sheets follows suit. Furthermore, advancements in automotive technology and the push toward electric and hybrid vehicles create additional avenues for the hot-rolled steel sheet market, as these new vehicle models often require specialized steel products.

The machinery sector also contributes substantially to the market's growth. Hot-rolled steel sheets are integral in producing heavy machinery and equipment used in various industries, including agriculture, mining, and manufacturing. The performance and reliability of these machines depend significantly on the quality of the steel used in their construction. As global machinery manufacturing continues to grow, driven by increased automation and technological advancements, the demand for hot-rolled steel sheets is expected to remain strong.

In the realm of specialized steel products, Interstitial Free Sheet Steel has emerged as a pivotal material, particularly in the automotive industry. Known for its superior formability and surface quality, this type of steel is free from interstitial elements like carbon and nitrogen, which are typically found in conventional steels. This absence enhances its ductility, making it an ideal choice for deep drawing applications in car body panels and other complex shapes. As the automotive industry continues to innovate with designs that require intricate and precise metal forming, the demand for Interstitial Free Sheet Steel is expected to rise. Its application is not limited to automotive; other industries also benefit from its unique properties, such as the appliance sector, where smooth finishes and high-quality surfaces are paramount.

Regionally, Asia Pacific dominates the global hot-rolled steel sheet market, accounting for a significant share of the total market value. The region's dominance is due to the substantial industrial base, particularly in countries like China, India, and Japan, which are major producers and consumers of hot-rolled steel sheets. Additionally, North America and Europe also represent substantial market shares, driven by the automotive and construction sectors. The Middle East & Africa, while currently a smaller market, is expected to witness significant growth due to increasing infrastructure investments fueled by economic diversification efforts in the region.

Product Type Analysis

The hot-rolled steel sheet 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 the most widely used type due to its affordability and versatility. It contains a lower carbon content, making it more ductile and easier to shape and weld. This type of steel is extensively used in the construction industry for structural applications such as beams, columns, and frameworks. The dominance of low carbon steel is driven by its cost-effectiveness and wide range of applications in va