In the second half of 2023, the price of the hot rolled steel coil in the United States reached 1030 USD/MT. Similarly, in China, the hot rolled steel coil prices hit 970 USD/MT in the same month. Germany also saw hot rolled steel coil prices reaching 821 USD/MT during Q2 2023.

HRC Steel rose to 880 USD/T on June 9, 2025, up 0.23% from the previous day. Over the past month, HRC Steel's price has fallen 1.12%, but it is still 21.38% 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.

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 ...

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).

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.

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.

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).

The Iranian flat-rolled steel coils market was finally on the rise to reach $271M in 2024, after two years of decline. Overall, consumption, however, showed a abrupt curtailment. As a result, consumption attained the peak level of $697M. From 2015 to 2024, the growth of the market failed to regain momentum.

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.

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.

In 2024, the flat cold-rolled steel coils market in Australia and Oceania decreased by -1.5% to $1B, falling for the second consecutive year after two years of growth. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $1.3B in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.

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

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.

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.

After two years of decline, the German flat-rolled steel coils market increased by 14% to $2.9B in 2024. Overall, consumption, however, continues to indicate a abrupt setback. Flat-rolled steel coils consumption peaked at $7.3B in 2013; however, from 2014 to 2024, consumption remained at a lower figure.

14516 Global import shipment records of Steel Coils with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

Metal and Steel Price: Delhi: Cold Rolled Coils 0.63 mm data was reported at 68,640.000 INR/Metric Ton in Apr 2025. This records an increase from the previous number of 67,460.000 INR/Metric Ton for Mar 2025. Metal and Steel Price: Delhi: Cold Rolled Coils 0.63 mm data is updated monthly, averaging 48,792.000 INR/Metric Ton from Aug 2003 (Median) to Apr 2025, with 257 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.

Metal and Steel Price: Delhi: Hot Rolled Coils 3.15 mm data was reported at 62,050.000 INR/Metric Ton in Apr 2025. This records an increase from the previous number of 60,180.000 INR/Metric Ton for Mar 2025. Metal and Steel Price: Delhi: Hot Rolled Coils 3.15 mm data is updated monthly, averaging 44,000.000 INR/Metric Ton from Aug 2003 (Median) to Apr 2025, with 257 observations. The data reached an all-time high of 88,250.000 INR/Metric Ton in Apr 2022 and a record low of 20,800.000 INR/Metric Ton in Oct 2003. Metal and Steel Price: Delhi: Hot Rolled Coils 3.15 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.