HRC Steel fell to 830.07 USD/T on August 20, 2025, down 0.23% from the previous day. Over the past month, HRC Steel's price has fallen 5.03%, but it is still 23.52% 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.

Why did the Stainless Steel CR Coil Price Change in July 2025? The Stainless-Steel CR Coil Price Index in North America declined by approximately 3.1% quarter on quarter in Q2 2025, reflecting a broad softening of prices across the region compared to Q1 2025.

Why did the Stainless Steel HR Coil Price Change in July2025? The STAINLESS-STEEL HR COIL (SSHRC) Price Index in North America rose by 0.7% quarter-over-quarter in Q2 2025, despite a brief 1.5% dip in June, as tariff policies continued to inflate landed costs.

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).

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 ...

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

After five years of decline, the New Zealand flat cold-rolled steel coils market increased by 3.9% to $8M in 2024. Over the period under review, consumption, however, continues to indicate a abrupt setback. Flat cold-rolled steel coils consumption peaked at $29M in 2018; however, from 2019 to 2024, consumption remained at a lower figure.

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.

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.

United States - Producer Price Index by Commodity: Metals and Metal Products: Cold Rolled Steel Sheet and Strip was 392.04700 Index Jun 1982=100 in June 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 August of 2025.

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.

Metal and Steel Price: Kolkata: Cold Rolled Coils 0.63 mm data was reported at 68,340.000 INR/Metric Ton in Apr 2025. This records an increase from the previous number of 67,500.000 INR/Metric Ton for Mar 2025. Metal and Steel Price: Kolkata: Cold Rolled Coils 0.63 mm data is updated monthly, averaging 48,917.000 INR/Metric Ton from Aug 2003 (Median) to Apr 2025, with 257 observations. The data reached an all-time high of 96,600.000 INR/Metric Ton in Apr 2022 and a record low of 25,600.000 INR/Metric Ton in Nov 2003. Metal and Steel Price: Kolkata: 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.WAC004: Metal and Steel Retail Prices: Kolkata: Monthly.

Discover the recent surge in hot-rolled coil prices globally, driven by regional fluctuations and protective measures impacting the steel market.

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).

Korea PPI: Commodities: MI: BM: IS: HR: Hot Rolled Steel Coil, Wide data was reported at 235.200 2000=100 in May 2008. This stayed constant from the previous number of 235.200 2000=100 for Apr 2008. Korea PPI: Commodities: MI: BM: IS: HR: Hot Rolled Steel Coil, Wide data is updated monthly, averaging 79.390 2000=100 from Jan 1970 (Median) to May 2008, with 461 observations. The data reached an all-time high of 235.200 2000=100 in May 2008 and a record low of 17.850 2000=100 in Jun 1971. Korea PPI: Commodities: MI: BM: IS: HR: Hot Rolled Steel Coil, Wide data remains active status in CEIC and is reported by The Bank of Korea. The data is categorized under Global Database’s Korea – Table KR.I038: Producer Price Index: Commodities: 2000=100.

Why did the Hot Rolled Coils Price Change in July 2025? The Hot Rolled Coil Price Index in the USA increased by 5.2% quarter-over-quarter in Q2 2025, supported by protective tariffs, reduced imports, and deliberate supply-side control from domestic mills.

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

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.

Discover the latest trends in the global market for flat hot-rolled steel in coils and learn about the projected growth in market volume and value over the next decade.