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.

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.

In Q1 2025, the Hot Rolled Coil (HRC) market in North America demonstrated significant volatility, closing the quarter at USD 1212/MT for HR Coil (1.5 mm) DEL Illinois (USA). While prices remained stable compared to Q4 2024, the first quarter was marked by notable price fluctuations driven by rising consumer demand and adjustments from major producers such as Nucor. Early January saw stable prices influenced by producers' adjustments, but by mid-January, modest declines were observed as buyers adopted a cautious wait-and-see approach amid regulatory uncertainties.

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).

The hot rolled coil prices in the United States for Q3 2024 reached 825 USD/MT in September. Rising demand and supply constraints drove significant price hikes in the region's market. A minor decrease from the prior quarter indicated market instability, despite the quarter's steady price growth. Consistent increasing momentum and a favorable pricing environment were indicated by the steady price gains observed.

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.

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

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.

Nucor has announced a new pricing policy for hot rolled coil effective March 2025, marking the seventh increase this year, amidst broader industry strengthening.

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 May of 2025.

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.

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.

Steel rose to 2,949 CNY/T on June 6, 2025, up 0.31% from the previous day. Over the past month, Steel's price has fallen 4.69%, and is down 14.47% compared to the same time last year, 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 June of 2025.

Nucor raises hot rolled coil prices to $775 amid tariff expectations, testing market acceptance as import tariffs influence US steel industry dynamics.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Hot Rolled Steel Bars, Plates, and Structural Shapes (WPU101704) from Jun 1982 to Apr 2025 about steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

The size and share of this market is categorized based on Product Type (Hot Rolled Coils, Hot Rolled Sheets, Hot Rolled Plates, Hot Rolled Strips, Hot Rolled Bars) and End-Use Industry (Automotive, Construction, Aerospace, Shipbuilding, Machinery) and Material Grade (Low Carbon Steel, High Carbon Steel, Alloy Steel, Stainless Steel, Medium Carbon Steel) and geographical regions (North America, Europe, Asia-Pacific, South America, Middle-East and Africa).

The Hot Rolled Coil (HRC) market in North America during the fourth quarter of 2024 is marked by a cautious recovery amid fluctuating demand conditions and evolving pricing dynamics. Prices have shown an upward trend, increasing notably compared to Q3, as major producers like Nucor and Cleveland-Cliffs have adjusted their pricing strategies to reflect improvements in market sentiment. The U.S. manufacturing sector, although still in contraction, has displayed signs of easing, with business sentiment improving, albeit at a slow pace.

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.

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).

Get the latest insights on price movement and trend analysis of Steel in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).