HRC Steel fell to 881.98 USD/T on June 27, 2025, down 0.34% from the previous day. Over the past month, HRC Steel's price has risen 5.63%, and is up 30.86% 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.

According to Cognitive Market Research, the global Galvanized Steel Coil market size will be USD 24152.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.20% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 9661.00 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 7245.75 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 5555.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 1207.63 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 483.05 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.
Direct sales is the dominant distribution channel in the galvanized steel coil market due to its ability to offer manufacturers more control over pricing, customer relationships, and order volumes

Market Dynamics of Galvanized Steel Coil Market

Key Drivers for Galvanized Steel Coil Market

Growing Demand for Corrosion-Resistant Materials in Construction to Boost Market Growth

The construction industry is a major driver for the galvanized steel coil market due to its increasing demand for durable and corrosion-resistant materials. Galvanized steel coils are extensively used in roofing, structural frameworks, and building facades, ensuring longevity and low maintenance costs. The rapid urbanization and infrastructure development in emerging economies further amplify the demand. Additionally, government initiatives promoting affordable housing and sustainable construction practices have bolstered the market's growth. These trends are expected to sustain the high demand for galvanized steel coils globally in the coming years. For instance, in February 2022, JFE Steel Corporation and Tohoku University jointly announced that they established the Collaborative Research Laboratory for Green Steel on February 1 to research eco-friendly steel materials and production methods for the carbon-neutral era

Rising Usage in Automotive Applications to Drive Market Growth

The automotive industry has significantly contributed to the growth of the galvanized steel coil market, driven by the need for lightweight and rust-resistant materials. Galvanized steel is widely used in vehicle body panels, chassis, and undercarriages to enhance durability and extend product life. The shift toward electric vehicles (EVs) and the increasing focus on fuel efficiency have heightened the demand for lightweight materials like galvanized steel. Moreover, innovations in coating technologies have enhanced the performance of galvanized steel in automotive applications, making it a preferred choice for manufacturers worldwide.

Restraint Factor for the Galvanized Steel Coil Market

Volatility in Raw Material Prices, will Limit Market Growth

Fluctuations in the prices of raw materials, such as steel and zinc, pose a significant challenge to the galvanized steel coil market. The global supply chain disruptions, coupled with geopolitical tensions, have further aggravated price instability. For manufacturers, rising production costs due to these fluctuations can reduce profit margins and hinder their ability to compete in the market. Additionally, end-users, particularly in cost-sensitive industries, may shift to alternative materials or delay procurement during periods of high price volatility, restraining market growth.

Impact of Covid-19 on the Galvanized Steel Coil Market

Covid-19 pandemic had a significant impact on the galvanized steel coil market, disrupting supply chains and slowing production activities across key industries such as construction, automotive, and manufacturing. Lockdowns and restrictions on industrial operations led to reduced demand for galvanized steel coils, particularly during the initial phases of the pandemic. However, as economies began to recover, there was a resurgence in infrastructure development and construction activities, boosting ...

Why did the Stainless Steel HR Coil Price Change in May 2025? The Stainless Steel HR Coil Price Index in North America showcased volatility throughout the first quarter (Q1) of 2025, settling at the end of the quarter at USD 3,150/MT for Stainless Steel-304 HR Coil (5 mm) DEL Florida (USA).

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).

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.

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

Why did the Stainless Steel CR Coil Price Change in May 2025? The Stainless Steel CR Coil Price Index in the North American market increased significantly in the first quarter of 2025, buoyed by robust domestic demand and supply constraints in the global market.

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.

Discover how the demand for flat hot-rolled steel coils in China is driving the market to an upward consumption trend. Forecasted growth projections suggest a steady increase in market volume and value over the next decade, reaching 70M tons and $52B respectively by the end of 2035.

During the fourth quarter of 2024, the cold rolled coil prices in the United States reached 1260 USD/MT. The market faced downward pricing pressure due to excess supply and weak demand from the automotive and construction sectors. Rising imports intensified competition, while global trade uncertainties further weighed on market sentiment.

Explore IMARC’s newly published report, titled “Cold Rolled Coil Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” offers an in-depth analysis of cold rolled coil pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

The global steel coil market exhibits robust growth, driven by the burgeoning construction, automotive, and manufacturing sectors. Analysis indicates a substantial market size, estimated at $350 billion in 2025, experiencing a Compound Annual Growth Rate (CAGR) of 4.5% from 2025 to 2033. This growth trajectory is fueled by increasing infrastructure development globally, particularly in emerging economies, and the rising demand for durable goods. The automotive industry, a significant consumer of steel coils, is projected to contribute significantly to market expansion, owing to the sustained growth in vehicle production. Furthermore, the expanding home appliance and machinery sectors are also expected to boost demand for steel coils in the coming years. While factors such as fluctuating raw material prices and environmental regulations pose challenges, technological advancements in steel production and the increasing adoption of sustainable steel solutions are expected to mitigate these constraints. The market is segmented by type (Hot-Rolled Coil Steel, Cold Rolled Steel Coil) and application (Automotive, Construction, Home Appliance, Machinery, Other), offering diverse growth opportunities across various sectors. Key players, including China Baowu Steel Group, POSCO, Nippon Steel & Sumitomo Metal, and ArcelorMittal, are strategically investing in capacity expansion and technological upgrades to maintain their market positions amidst the intense competition. Geographic distribution reveals significant market shares for regions like Asia-Pacific (driven largely by China and India), followed by North America and Europe. The steady growth across various segments and regions suggests a promising outlook for the steel coil market in the long term. The steel coil market's segmentation offers a nuanced understanding of its dynamics. Hot-rolled coil steel, owing to its cost-effectiveness and versatility, commands a larger market share compared to cold-rolled steel coil. However, the latter is witnessing accelerated growth driven by its superior surface finish and enhanced properties, making it suitable for demanding applications. Geographically, Asia-Pacific's dominance is rooted in its substantial industrial base and rapid urbanization, leading to high infrastructure development. North America and Europe continue to be major consumers, albeit with comparatively slower growth rates compared to the Asia-Pacific region. The competitive landscape reflects a high degree of consolidation, with major steel producers strategically focusing on mergers and acquisitions, technology investments, and expanding their geographical reach. Future market trends suggest increased adoption of high-strength steel coils to improve product efficiency and sustainability considerations are shaping the industry's trajectory, influencing the shift towards environmentally friendly steel production methods. This in-depth report provides a comprehensive analysis of the global steel coil market, a sector valued at approximately $700 billion annually. We delve into market dynamics, competitive landscapes, and future growth projections, offering invaluable insights for industry stakeholders. The report leverages extensive data analysis and expert industry knowledge to deliver actionable intelligence on hot-rolled coil steel, cold-rolled coil steel, and their diverse applications across automotive, construction, home appliances, machinery, and other sectors.

Stay updated with Market Research Intellect's Hot Rolled Coil Steel Market Report, valued at USD 210 billion in 2024, projected to reach USD 290 billion by 2033 with a CAGR of 4.5% (2026-2033).

Metal and Steel Price: Delhi: Cold Rolled Coils 1.00 mm data was reported at 67,850.000 INR/Metric Ton in Apr 2025. This records an increase from the previous number of 66,080.000 INR/Metric Ton for Mar 2025. Metal and Steel Price: Delhi: Cold Rolled Coils 1.00 mm data is updated monthly, averaging 48,690.000 INR/Metric Ton from Aug 2003 (Median) to Apr 2025, with 257 observations. The data reached an all-time high of 94,990.000 INR/Metric Ton in Apr 2022 and a record low of 24,300.000 INR/Metric Ton in Oct 2003. Metal and Steel Price: Delhi: Cold Rolled Coils 1.00 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 2024, the New Zealand flat cold-rolled steel coils market was finally on the rise to reach $11M for the first time since 2019, thus ending a four-year declining trend. In general, consumption, however, showed a abrupt contraction. Over the period under review, the market attained the maximum level at $51M in 2017; however, from 2018 to 2024, consumption stood at a somewhat lower figure.

The stainless steel CR coil prices in the United States for Q3 2024 reached 4800 USD/MT in September. A balance between supply and demand sustained the region's market's price stability. While manufacturing levels improved year over year, they reduced month over month. The market environment became more complex due to supply network problems such growing input costs, customs delays, and shortages, but prices stayed the same.

The global galvanized steel coil market, valued at $7581.8 million in 2025, is projected to experience steady growth, driven by robust demand across diverse sectors. A compound annual growth rate (CAGR) of 2.7% from 2025 to 2033 indicates a continuous expansion, primarily fueled by the construction industry's enduring need for durable and corrosion-resistant materials. The automotive sector also contributes significantly, leveraging galvanized steel's lightweight yet strong properties for vehicle manufacturing. Further growth is expected from the increasing adoption of galvanized steel coils in general industrial applications and the transportation sector, reflecting a trend towards longer-lasting and more sustainable infrastructure. While specific restraining factors weren't provided, potential challenges could include fluctuating raw material prices, global economic uncertainty, and the emergence of alternative materials. However, ongoing technological advancements in galvanizing processes and the expanding global infrastructure development projects are likely to offset these constraints. The market is segmented into hot-dip galvanized and electro-galvanized steel coils, catering to specific application needs. Major players like ArcelorMittal, Baowu Group, and POSCO are key contributors, shaping market dynamics through their production capacities, technological innovations, and global reach. Geographic distribution shows strong presence across North America, Europe, and Asia-Pacific, with China and India emerging as significant markets due to rapid industrialization and urbanization. The projected market size for 2033 can be estimated by applying the CAGR. Considering a 2.7% annual growth for eight years (2025-2033), the 2033 market size would likely exceed $9500 million. This projection assumes a consistent global economic climate and sustained demand from key sectors. Market share distribution among regions will likely remain relatively stable, with Asia-Pacific maintaining a dominant position owing to its considerable industrial base. However, North America and Europe are expected to continue demonstrating consistent demand, contributing to the overall market growth. The ongoing competition among established players and the emergence of new entrants will influence pricing strategies and product innovation. The market's long-term prospects appear positive given the anticipated growth in construction, automotive, and other sectors, alongside ongoing technological advancements in the production and application of galvanized steel coils.

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.

The global galvanized steel coil market is experiencing robust growth, driven by the increasing demand from the construction, automotive, and transportation sectors. This growth is further fueled by the rising infrastructure development globally and the expanding use of galvanized steel in various applications due to its corrosion resistance and durability. While precise market size figures for 2019-2024 aren't provided, let's assume a conservative 2025 market size of $50 billion (USD) based on industry reports and average growth rates for similar materials. Assuming a Compound Annual Growth Rate (CAGR) of 5% for the forecast period (2025-2033), the market is projected to reach approximately $78 billion by 2033. This growth trajectory is supported by continuous advancements in steel production technology leading to improved quality and cost-effectiveness of galvanized steel coils. The market segmentation reveals significant contributions from both hot-dip and electro-galvanized steel coils, catering to diverse application needs across various industries. Key players like Ansteel Group, Gerdau, and United States Steel Corporation are driving innovation and competition, shaping market dynamics and expansion strategies.
The market's growth, however, faces certain restraints, including fluctuating raw material prices and environmental concerns regarding steel production. Geographic variations in market penetration also exist, with developed regions like North America and Europe exhibiting relatively mature markets while developing economies in Asia-Pacific show significant potential for future expansion. The increasing adoption of sustainable manufacturing practices and the development of high-strength, lightweight galvanized steel coils are expected to shape future market trends, creating further opportunities for market expansion and innovation. Furthermore, government regulations promoting sustainable construction and infrastructure development will likely impact market dynamics positively.

The North American Cold Rolled Coil market experienced a significant upward trend in Q1 2025, driven by a combination of global and regional factors influencing both supply and demand dynamics. During Q1 2025, with prices settling at USD 1,395/MT CFR Manzanillo in Mexico. The quarter revealed a 5% incline between Q1 quarter and Q4 last year, underscoring the bullish sentiment in the market. Supply constraints were a major factor, stemming from global disruptions such as import restrictions, port congestions, and broader inefficiencies in supply chain operations.

The stainless steel HR coil prices in the United States for Q3 2024 reached 3,260 USD/MT in September. The market showed a stable trend, experiencing only slight price decreases. The steady supply chain and moderate need contributed to this balance. While the automotive industry faced lower sales, construction activity remained steady. The absence of plant shutdowns supported supply consistency, and overall, pricing stayed relatively unchanged during the quarter.