HRC Steel fell to 891.06 USD/T on December 2, 2025, down 0.88% from the previous day. Over the past month, HRC Steel's price has risen 5.08%, and is up 29.14% 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.

During the second quarter of 2025, the average price of hot-rolled coil steel in the United States stood at *** U.S. dollars per metric ton. During the same period, the price in Europe was lower at *** U.S. dollars.

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.

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.

In May 2025, the global hot-rolled coil market experienced a price decline due to weak demand and competitive import pricing, affecting Europe, the US, and China.

In July 2025, the price of the hot-rolled coil steel in China experienced a significant increase, peaking at around *** U.S. dollars per metric ton. That was the highest price registered since March 2025.

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.

In Q3 2025, North America, the Hot Rolled Coil Price Index fell by 3.05% quarter-over-quarter, reflecting demand. Check detailed insights for Europe and APAC.

United States - Producer Price Index by Commodity: Metals and Metal Products: Hot Rolled Steel Bars, Plates, and Structural Shapes was 256.52700 Index Jun 1982=100 in March of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Hot Rolled Steel Bars, Plates, and Structural Shapes reached a record high of 340.69900 in June of 2022 and a record low of 92.50000 in February of 2002. 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: Hot Rolled Steel Bars, Plates, and Structural Shapes - last updated from the United States Federal Reserve on November of 2025.

Nucor raises hot rolled coil prices after 10 weeks of stagnation, reflecting changes in supply and demand dynamics in the US steel market.

Steel rose to 3,117 CNY/T on December 2, 2025, up 0.23% from the previous day. Over the past month, Steel's price has risen 1.30%, but it is still 7.09% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Steel - values, historical data, forecasts and news - updated on December of 2025.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Hot Rolled Steel Bars, Plates, and Structural Shapes (WPS101704) from Jan 1988 to Sep 2025 about steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

Monthly and long-term steel (usa) price data (US$/mt): historical series and analyst forecasts curated by FocusEconomics.

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

Monthly and long-term steel (europe) price data (US$/mt): historical series and analyst forecasts curated by FocusEconomics.

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

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.

Steel demand in the United States is mainly driven by the construction sector, which accounted for about ** percent of demand in 2018. Other contributing sectors include the energy sector and automotive as well as machinery and equipment manufacturing. Construction works ahead   The U.S. steel industry has witnessed consistently high prices of steel scrap and hot-rolled coil (hrc) steel in recent years, partly as a result of economic growth and, to some extent, due to the increased steel tariffs implemented by the White House in 2018. This trend has had a positive impact on steel producers. However, higher prices continue to put pressure on those markets where steel is used as an input material. In light of the nation’s reliance on steel imports, the enterprises under pressure may look to large steel producers such as Nucor, Steel Dynamics, and U.S. Steel. All of these companies are planning to bring new mills and furnaces on line.

34 Global export shipment records of Hot Rolled Coil with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.