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.

Intraday 1 minute sample data for Hot Rolled Coil Steel HRC timestamped in Chicago time

Explore the essentials of Steel Hot Rolled Coil (HRC), a key material in various industries like construction, automotive, and shipbuilding. Learn about its production process, advantages, applications, and limitations in terms of surface finish and dimensional tolerance.

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.

Explore the complex factors influencing Hot Rolled Coil (HRC) steel prices, including global economic conditions, industrial activity, geopolitical events, and raw material costs, and understand their impact on industries like construction and automotive.

Automotive Grade HRC Steel Market Outlook

The global automotive grade Hot Rolled Coil (HRC) steel market size was valued at approximately USD 12.5 billion in 2023 and is anticipated to reach around USD 20.3 billion by 2032, reflecting a compound annual growth rate (CAGR) of 5.6% during the forecast period. The market growth is driven by the increasing demand for lightweight yet durable materials in the automotive industry, as manufacturers strive to meet stringent emission standards and fuel efficiency requirements.

One of the significant growth factors for the automotive grade HRC steel market is the rising adoption of Advanced High-Strength Steel (AHSS) in vehicle manufacturing. These steels are known for their high strength-to-weight ratio, which enables manufacturers to produce lighter vehicles without compromising on safety and performance. This is particularly crucial as automotive companies aim to reduce the overall weight of vehicles to improve fuel efficiency and adhere to regulatory norms concerning emissions. Additionally, the versatility of HRC steel in forming various automotive components, from structural elements to body panels, enhances its appeal to automakers.

Another critical driver is the increasing production and sales of automobiles worldwide. With the surge in urbanization and the rise in disposable incomes, especially in developing nations, there is a growing demand for passenger and commercial vehicles. Consequently, this demand propels the need for high-quality, durable materials like HRC steel, which can withstand rigorous use and offer enhanced longevity. Moreover, the rapid advancements in automotive technologies, such as electric and autonomous vehicles, further fuel the need for advanced materials that can meet the unique requirements of these innovative vehicular architectures.

Technological advancements in steel manufacturing are also playing a pivotal role in driving the market. Innovations such as the development of new steel grades and improved manufacturing processes are leading to the production of superior quality HRC steel. These advancements not only enhance the mechanical properties of the steel but also make the manufacturing process more cost-effective and environmentally friendly. The ability to produce high-performance steel at a reduced cost is a significant factor that accelerates its adoption in the automotive sector.

From a regional perspective, the Asia Pacific region dominates the automotive grade HRC steel market due to its large automotive manufacturing base and the presence of key players in the steel industry. Countries like China, India, and Japan are significant contributors to the market growth in this region. North America and Europe are also substantial markets, driven by the strong presence of automotive giants and stringent regulatory standards that push for advanced materials in vehicle manufacturing. Meanwhile, regions such as Latin America and the Middle East & Africa are witnessing gradual growth, supported by increasing industrialization and economic development.

Type Analysis

The automotive grade HRC steel market by type encompasses several key segments: High Strength Low Alloy (HSLA), Dual Phase (DP), Transformation Induced Plasticity (TRIP), Complex Phase (CP), and others. Each type of steel offers unique properties that cater to specific applications within the automotive industry. HSLA steels, for instance, are known for their strength and toughness, which make them ideal for structural components in vehicles. These steels are alloyed with small amounts of elements like niobium, vanadium, and titanium, which enhance their mechanical properties without significantly increasing their weight.

Dual Phase (DP) steels are particularly valued for their excellent combination of strength and ductility. These steels consist of a ferrite matrix with a dispersed phase of martensite. The unique microstructure of DP steels allows them to undergo significant deformation before failure, making them suitable for applications that require high formability and energy absorption, such as body panels and safety components in vehicles. The high strength of DP steels also contributes to reducing the overall weight of the vehicle, which is a critical factor in achieving better fuel efficiency.

Transformation Induced Plasticity (TRIP) steels are another important type within the automotive grade HRC steel market. TRIP steels exhibit an exceptional blend of strength, ductility, and toughness due to their multiphase microstructure, which includes ferrite, bainite, and retai

31272 Global exporters importers export import shipment records of Hrc steel with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

The global Hot-Rolled Coils (HRC) market is a significant sector, exhibiting steady growth. Our analysis reveals a market size of $251.1 million in 2025, demonstrating considerable demand for this versatile steel product. A Compound Annual Growth Rate (CAGR) of 3.3% is projected from 2025 to 2033, indicating continued expansion. This growth is driven by the robust construction industry's ongoing need for structural steel, the increasing demand for vehicles and transportation infrastructure, and the expanding energy sector requiring HRC for pipelines and power generation components. Further growth is anticipated from machinery manufacturing and other diverse applications. While challenges like fluctuating raw material prices and global economic uncertainty may act as restraints, the market’s inherent resilience and the diverse application base are expected to mitigate these factors. The market is segmented by type (primarily focusing on coils ≥3mm thickness) and application (construction, transport, energy, machinery, and others), providing a detailed understanding of market dynamics across various sectors. Key players such as ArcelorMittal, China Baowu Steel Group, and Nippon Steel & Sumitomo Metal are major contributors to the market's overall production and distribution network. Geographic analysis encompassing North America, Europe, Asia Pacific, and other regions further elucidates market concentration and growth patterns, allowing for strategic insights into regional opportunities. The projected CAGR of 3.3% suggests a gradual but consistent expansion of the HRC market. This growth trajectory is expected to be influenced by government infrastructure projects globally, technological advancements in steel production leading to improved product quality and efficiency, and the burgeoning demand for sustainable and high-strength steel solutions. Regional variations in growth are anticipated based on economic conditions and specific industry developments in each region. Continued investment in research and development within the steel industry is expected to drive innovation, fostering further growth and creating opportunities for market entrants and established players alike. Competitive landscape analysis of major companies will identify strategic positioning and market share dynamics. Detailed market segmentation provides crucial insights for targeted marketing and product development strategies. This report provides a detailed analysis of the global Hot-Rolled Coils (HRC) market, examining market size, trends, key players, and future growth prospects. We project a market exceeding $500 billion by 2028, driven by robust demand from key sectors. This in-depth analysis leverages extensive primary and secondary research to provide actionable insights for stakeholders across the value chain. Search terms include: Hot-Rolled Coil Market, HRC Steel Price, Steel Coil Suppliers, Steel Industry Analysis, Construction Steel, Automotive Steel, HRC Applications.

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.

Uncover Market Research Intellect's latest Automotive Grade HRC Steel Market Report, valued at USD 12.5 billion in 2024, expected to rise to USD 18.9 billion by 2033 at a CAGR of 5.8% from 2026 to 2033.

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.

Medium car

Explore the versatile nature and robust properties of Hot Rolled Coil (HRC) steel, a widely used material in various industries. Learn about its production process, economic advantages, applications in automotive and construction, and environmental benefits. Discover why HRC steel remains a crucial component in industrial and infrastructure development.

FOB China Hot Rolled Coil (HRC): Oct '23 $530, Oct '24 $492 (-7%). Nov '23 $548, Nov '24 $490 (-10%). Dec '23 $566, Dec '24 $484 (-15%).

25 Active Global Hrc Steel buyers list and Global Hrc Steel importers directory compiled from actual Global import shipments of Hrc Steel.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

The global Hot-Rolled Coils (HRC) market, valued at $253.6 million in 2025, is projected to experience steady growth, driven by robust demand from the construction and automotive sectors. A Compound Annual Growth Rate (CAGR) of 3.4% from 2025 to 2033 indicates a consistent, albeit moderate, expansion. This growth is fueled by ongoing infrastructure development globally, particularly in emerging economies, which necessitates large quantities of HRC for construction projects. The automotive industry's reliance on HRC for car body manufacturing further contributes to market demand. However, fluctuating raw material prices, particularly iron ore and coking coal, pose a significant challenge, potentially impacting profitability and influencing price volatility. Furthermore, increasing environmental regulations concerning carbon emissions from steel production are leading manufacturers to invest in cleaner technologies, which adds to production costs and could restrain market growth in the short term. Competition within the market is intense, with major players like ArcelorMittal, China Baowu Steel Group, and Nippon Steel & Sumitomo Metal vying for market share. Strategic alliances, technological advancements, and expansion into new markets are key competitive strategies observed. The segmental breakdown of the HRC market, while not explicitly provided, is likely diversified across various gauges and grades catering to specific applications. The geographical distribution is expected to show a concentration in regions with significant manufacturing and construction activity, such as Asia-Pacific, North America, and Europe. However, shifts in manufacturing hubs and infrastructure investments could reshape the regional landscape over the forecast period. The future outlook for the HRC market remains positive, contingent on the successful mitigation of raw material price fluctuations and the continued implementation of sustainable steel production practices. Continuous technological innovation and efficient supply chain management will play critical roles in shaping the market's trajectory in the coming years.

Explore the dynamic landscape of China's Hot Rolled Coil (HRC) steel prices in 2023, influenced by domestic 'dual-carbon' policies, construction and automotive sector demands, and global trade relations. Understand how these factors create resilience and volatility in the steel market, offering risks and opportunities for industries dependent on steel.

In 2023, over 252.8 million metric tons of hot rolled steel coils, sheets, and strips were produced globally. This represents a decrease of 34 percent in production volume compared to the previous year. Over the period given, this figure reached a peak of approximately 421 million metric tons in 2019, before beginning to decline due to the coronavirus epidemic.

Nucor, a top US steel manufacturer, raised its HRC base price to $860/tonne from February 24, 2025. Highlights include price strategies reflecting market trends and rising material costs.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Hot Rolled Steel Sheet and Strip, Including Tin Mill Products (WPU10170301) from Dec 2003 to Feb 2022 about tin, mills, steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.