HRC Steel rose to 807.05 USD/T on September 12, 2025, up 1.39% from the previous day. Over the past month, HRC Steel's price has fallen 3.12%, but it is still 15.62% 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.

The U.S. Hot Rolled Coil Steel Market size was estimated at USD 26.50 billion in 2024 and is anticipated to grow at a CAGR of 4.9% from 2025 to 2034.

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 factors influencing U.S. hot rolled coil (HRC) prices in 2023, including demand fluctuations, global trade dynamics, and production costs. Understand the impact of supply chain disruptions, international market conditions, and geopolitical tensions on the steel industry.

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

Latin America Hot Rolled Coil Steel Market is expected to grow during 2025-2031

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.

Nucor Corporation raises hot-rolled coil prices for the fourth time in 2025, setting the new base at $820 per short tonne, reflecting dynamic market trends and trade policy influences.

The global ESP (Electrically Separated) Hot Rolled Coil market is experiencing robust growth, driven primarily by increasing demand from the automotive and construction sectors. These industries require high-quality steel with precise properties, a key advantage offered by ESP technology. The market's expansion is further fueled by advancements in steel production techniques leading to improved efficiency and reduced costs. While the precise market size for 2025 isn't provided, considering a typical CAGR of around 5-7% in the steel industry and a reasonable starting point based on industry reports (estimating a 2025 market size of approximately $15 billion USD), the market is projected to reach approximately $20 billion USD by 2030 and $25 Billion USD by 2033. This growth trajectory is influenced by the increasing adoption of electric vehicles, necessitating advanced steel grades, alongside the ongoing global infrastructure development projects driving demand for construction-grade steel. However, fluctuations in raw material prices and global economic uncertainties represent significant restraints on market growth. Despite these challenges, the market is segmented into various grades based on tensile strength and other properties, catering to specific application needs. Major players, such as Rizhao Steel Holding Group, Arvedi Group, and U.S. Steel, are actively investing in R&D and expanding production capacities to meet this rising demand. Regional variations exist, with North America and Asia-Pacific anticipated to be leading market segments, owing to established automotive and construction industries and a high concentration of steel production facilities. The market's future depends on the successful integration of sustainable practices in steel production, alongside maintaining consistent quality control to meet the stringent standards required by end-use industries.

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.

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).

Hot Rolled Carbon Steel Coil Market Outlook

The global hot rolled carbon steel coil market size was valued at USD 120 billion in 2023 and is projected to reach USD 170 billion by 2032, growing at a CAGR of 3.8% during the forecast period. This growth is primarily driven by escalating demand from the construction and automotive sectors. With an increase in infrastructure development and urbanization, the need for durable and versatile steel products like hot rolled carbon steel coils is becoming more pronounced, leading to a substantial uptick in market demand.

A significant factor contributing to the growth of the hot rolled carbon steel coil market is the burgeoning construction industry. Rapid urbanization, particularly in emerging economies, has led to increased investments in infrastructure projects such as roads, bridges, and commercial buildings. The inherent properties of hot rolled carbon steel coils, including high strength, durability, and cost-effectiveness, make them an ideal choice for these applications. Additionally, government initiatives focused on infrastructure development are expected to further accelerate market growth.

The automotive industry also plays a crucial role in driving the demand for hot rolled carbon steel coils. With the global shift toward electric vehicles and advancements in automotive technology, manufacturers are increasingly relying on high-strength steel for vehicle body structures to enhance safety and fuel efficiency. The use of hot rolled carbon steel coils in the production of automotive components such as chassis, frames, and wheels is expected to rise significantly, thereby propelling market growth.

The energy sector is another key contributor to the market's growth. The ongoing energy transition and the emphasis on renewable energy sources require robust and reliable materials for the construction of energy infrastructure. Hot rolled carbon steel coils are extensively used in the fabrication of wind turbines, solar panel mounts, and other renewable energy equipment. The rising investments in renewable energy projects across the globe are anticipated to boost the demand for these steel products.

Regionally, Asia Pacific holds the largest market share, driven by rapid industrialization, urbanization, and growth in the manufacturing sector. Countries like China and India are witnessing substantial investments in infrastructure and automotive sectors, which in turn fuels the demand for hot rolled carbon steel coils. North America and Europe also exhibit strong demand due to advancements in the automotive and construction industries. Meanwhile, Latin America and the Middle East & Africa are expected to experience moderate growth, supported by infrastructure development and energy projects.

Product Type Analysis

The hot rolled carbon steel coil market can be segmented by product type into low carbon steel, medium carbon steel, and high carbon steel. Low carbon steel, known for its excellent ductility and weldability, is extensively used in applications that require forming and welding. This type of steel is particularly popular in the construction and automotive industries, where flexibility and ease of fabrication are crucial. The consistent demand for low carbon steel from these industries is expected to sustain its dominant market position.

Medium carbon steel, with its balanced properties of strength and ductility, finds applications in the manufacturing of automotive components, machinery parts, and structural elements. Its higher carbon content compared to low carbon steel provides increased strength and hardness, making it suitable for applications that require moderate strength and wear resistance. The growth in the automotive and machinery sectors is anticipated to drive the demand for medium carbon steel in the coming years.

High carbon steel is characterized by its high strength and hardness, which is attained due to the higher carbon content. This type of steel is primarily used in applications that require high wear resistance, such as cutting tools, springs, and high-strength wire. Although high carbon steel constitutes a smaller market share compared to low and medium carbon steel, its specialized applications in the industrial and manufacturing sectors ensure steady demand. The gradual increase in industrial automation and the need for durable materials in manufacturing processes are expected to support the growth of this segment.

Each product type in the hot rolled carbon steel coil market caters to specific needs

Nucor and Cleveland-Cliffs adjust hot-rolled coil prices amid market recovery and economic shifts, signaling potential changes in the US steel industry.

Hot Rolled Steel Sheet Market Outlook

The global hot rolled steel sheet market size was valued at approximately $160 billion in 2023 and is projected to reach around $240 billion by 2032, growing at a compound annual growth rate (CAGR) of about 4.5% over the forecast period. Several factors are driving this market's growth, including increasing demand from various industries such as construction, automotive, and industrial machinery, which are spurred by rapid urbanization, infrastructural development projects, and advancements in manufacturing technologies.

One of the key growth factors for the hot rolled steel sheet market is the expansion of the construction sector. As urban populations continue to swell, the need for residential, commercial, and infrastructural construction projects has surged. Hot rolled steel sheets are fundamental materials used in constructing buildings, bridges, highways, and other infrastructural elements due to their high tensile strength and durability. Government initiatives and investments in developing smart cities and upgrading urban infrastructure further bolster demand for these materials.

Another significant driver of growth in this market is the automotive industry's increasing reliance on hot rolled steel sheets. The automotive sector is witnessing a paradigm shift with the advent of electric and hybrid vehicles, which necessitate the use of high-strength, lightweight materials to improve fuel efficiency and reduce emissions. Hot rolled steel sheets, especially those made from high carbon steel, are becoming crucial in manufacturing vehicle bodies, frames, and other components due to their superior strength and malleability.

Furthermore, industrial machinery and equipment manufacturing sectors are contributing considerably to the market's growth. The ongoing industrial automation wave and the need for robust machinery for various industrial applications have spurred demand for durable and reliable materials like hot rolled steel sheets. These sheets are indispensable in producing heavy machinery, agricultural equipment, and other industrial tools, which require components that can withstand high stress and harsh environments.

Hot Rolled Coil Steel is a crucial material in the steel industry, known for its versatility and strength. It is produced through a process of rolling steel at high temperatures, which allows it to be easily shaped and formed into various products. This type of steel is particularly valued in industries that require materials with excellent mechanical properties, such as construction and automotive sectors. The ability of Hot Rolled Coil Steel to withstand significant stress and its cost-effectiveness make it a preferred choice for manufacturing large structures and components. Its application extends to producing pipes, tubes, and other structural elements that are essential in building infrastructure and machinery.

Regionally, Asia Pacific holds the largest market share and is expected to continue its dominance over the forecast period. This region is experiencing rapid industrialization and urbanization, particularly in countries like China, India, and Japan, which are leading to increased demand for hot rolled steel sheets. North America and Europe are also significant markets, driven by substantial investments in automotive manufacturing and construction projects. Latin America and the Middle East & Africa are emerging markets showing promising growth due to rising infrastructural activities and industrial advancements.

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 is a dominant segment, well-regarded for its excellent ductility and malleability, making it suitable for a wide range of applications, from construction to automotive manufacturing. Its relatively lower cost compared to other types also makes it an attractive choice for bulk uses. This segment's growth is driven by its utilization in producing structural beams, automotive parts, and machinery components where high flexibility is required.

Medium carbon steel, with its balanced properties of strength and ductility, is another crucial segment within this market. It is frequently used in applications that demand higher strength than low carbon steel but with sufficient malleability for easier machining. Industries such as construc

The global alloy steel hot-rolled coil market is a significant sector projected to reach a market size of $102 billion in 2025. While the exact CAGR isn't provided, considering the robust growth drivers in construction, automotive manufacturing, and home appliance sectors, a conservative estimate of a 5% CAGR from 2025 to 2033 seems reasonable given the consistent demand and technological advancements in steel production. This would place the market size at approximately $150 billion by 2033. Key growth drivers include increasing infrastructure development globally, particularly in emerging economies like India and China, fueling demand for construction-grade steel. The automotive industry’s persistent need for high-strength, lightweight materials for improved fuel efficiency further boosts market demand. The rising adoption of durable and corrosion-resistant alloy steel in home appliances is another significant factor contributing to market expansion. However, fluctuating raw material prices, especially iron ore and coal, pose a considerable challenge, along with environmental concerns related to steel production and the need for sustainable manufacturing practices. Segmentation by thickness (thin, medium, thick plates) reveals varying demand based on specific application requirements, with the medium plate segment likely dominating due to its versatility across diverse sectors. Major players like ArcelorMittal, Nippon Steel Corporation, and POSCO are driving innovation and consolidation within the market, leading to increased competition and further driving growth. The market's geographical distribution sees strong demand across North America, Europe, and Asia Pacific, driven by established industrial bases and infrastructure development. Asia Pacific, particularly China and India, are projected to witness the most significant growth due to their rapidly expanding construction and manufacturing sectors. While North America and Europe remain important markets, their growth rates may be comparatively slower. The continued adoption of advanced manufacturing techniques and the focus on sustainability within the steel industry will shape future growth trajectories. The market is expected to experience a gradual shift toward higher-strength, lighter-weight alloy steel grades to meet evolving industry demands for enhanced performance and efficiency. Strategic partnerships and investments in research and development by leading companies will further refine production processes and increase the adoption of innovative alloy steel hot-rolled coils.

United States - Producer Price Index by Commodity: Metals and Metal Products: Cold Rolled Steel Sheet and Strip was 379.94500 Index Jun 1982=100 in July 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 September of 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.

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.

Nucor announces a pricing strategy for its HRC products amidst a financial downturn, reflecting on market conditions with cautious optimism for 2025 recovery.