Hot Rolled Coil Price Trend

Hot Rolled Coil Price Trend, Index and Forecast

Track the latest insights on hot rolled coil price trend and forecast with detailed analysis of regional fluctuations and market dynamics across North America, Latin America, Central Europe, Western Europe, Eastern Europe, Middle East, North Africa, West Africa, Central and Southern Africa, Central Asia, Southeast Asia, South Asia, East Asia, and Oceania.

Hot Rolled Coil Prices Outlook Q2 2025

• USA: US$ 1268/MT
• China: US$ 474/MT
• India: US$ 611/MT
• Germany: US$ 880/MT
• Japan: US$ 525/MT

Hot Rolled Coil Price Chart

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During the second quarter of 2025, the hot rolled coil prices in the USA reached 1268 USD/MT in June. Hot rolled coil prices in the USA this quarter were influenced by fluctuations in raw material costs, particularly scrap and iron ore, which were affected by global demand cycles and domestic mining output. Steel mill utilization rates varied due to maintenance schedules and labor constraints. Demand from the automotive and construction sectors remained uneven across regions. Additionally, trade policy considerations and import volumes from key foreign suppliers impacted market sentiment and inventory strategies among buyers.

During the second quarter of 2025, hot rolled coil prices in China reached 474 USD/MT in June. In China, hot rolled coil pricing was shaped by shifts in iron ore and coking coal costs, both of which were influenced by port inventory levels and import volume adjustments. Steel production output varied due to environmental regulations and government-mandated capacity controls. Demand from the construction and infrastructure sectors remained robust, while export levels fluctuated due to changes in global orders. Domestic logistics bottlenecks and power restrictions in some provinces also influenced mill operating rates.

During the second quarter of 2025, the hot rolled coil prices in India reached 611 USD/MT in June. Hot rolled coil prices in India were driven by variable input costs, especially iron ore and thermal coal, impacted by both domestic extraction trends and international pricing pressures. Demand from the construction, automotive, and engineering sectors exhibited regional variation. Monsoon-related logistical disruptions affected inland transportation of raw materials and finished goods. Steel mill output adjustments and temporary shutdowns at select facilities added pressure on localized supply, while export activity to Southeast Asia influenced domestic availability.

During the second quarter of 2025, the hot rolled coil prices in Germany reached 880 USD/MT in June. In Germany, hot rolled coil pricing was affected by fluctuations in energy and raw material costs, with iron ore and coking coal prices reacting to global supply patterns. Demand from the automotive and machinery sectors remained seasonally active, though affected by component shortages in downstream manufacturing. Energy-intensive production processes faced cost pressure due to electricity pricing. Additionally, disruptions in rail and river transport, coupled with planned outages at key mills, influenced supply timelines and procurement strategies.

During the second quarter of 2025, the hot rolled coil prices in Japan reached 525 USD/MT in June. Hot rolled coil prices in Japan were influenced by shifts in input material costs, particularly imported coking coal and iron ore, driven by global shipping rates and supply consistency. Demand from the shipbuilding, automotive, and construction sectors remained steady, though production scheduling at mills was impacted by maintenance cycles. Exchange rate fluctuations affected import competitiveness and procurement strategies. Delays in maritime logistics and domestic port congestion also contributed to uneven inventory levels across key industrial regions.

Hot Rolled Coil Prices Outlook Q1 2025

• USA: US$ 1212/MT
• China: US$ 490/MT
• Germany: US$ 825/MT
• India: US$ 625/MT

Hot Rolled Coil Prices Outlook Q3 2024

• United States: US$ 825/MT
• China: US$ 465/MT
• Germany: US$ 640/MT

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.

The price trend for hot rolled coil in China for Q3 2024 settled at 465 USD/MT in September. The region's market in Q3 2024 faced notable price declines due to weak demand and policy challenges. The adoption of novel guidelines and seasonal sluggishness impacted the market, leading to a drop in costs throughout the quarter. The result was a negative sentiment and a difficult landscape for participants.

In Germany, the hot rolled coil prices for Q3 2024 reached 640 USD/MT in September. During this quarter, Germany's market experienced cost reductions amid reduced overstock and interest from large industries. Purchaser reluctance and decreased restocking resulted from the summer holiday period's further restriction of market activity. Seasonal elements fueled unfavorable feeling and a difficult period marked by uncertainty.

Hot Rolled Coil Prices Outlook Q4 2023

• United States: US$ 1045/MT
• Taiwan: US$ 965/MT
• Russia: US$ 835/MT

The hot rolled coil prices in the United States for Q4 2023 reached 1045 USD/MT (HR Coil 3mm) in December. The prices in the United States during the fourth quarter of 2023 experienced a mixed trend. Initially, prices remained low due to weak purchase deals, transportation challenges, and issues over inflation and a potential strike by the United Auto Workers. However, toward the quarter's end, prices increased, influenced by lower inventory levels and production cuts during the strike, along with strategic price hikes by producers.

The price trend for hot rolled coil in Taiwan for Q4 2023, reached 965 USD/MT (HR Coil SS400 - 1.2mm) in December. In Taiwan, hot rolled coil prices in this quarter were marked by stability and periodic increases. Prices were adjusted upwards in response to increasing costs of raw materials and rising demand from construction and automotive sectors. Additionally, supply chain disruptions, particularly in the Panama Canal, and adverse weather conditions slowed manufacturing activities, contributing to the fluctuating market conditions.

The price trend for hot rolled coil in Russia for Q4 2023, reached 835 USD/MT (HR Coil 3mm) in December. The Russian hot rolled coil market faced varying price movements in this quarter. Early price declines resulted from surplus production and reduced automotive sector demand. Nevertheless, by quarter end, prices decreased further due to high inventories and trade disruptions in the Red Sea, coupled with geopolitical tensions and harsh winter weather impacting various industries.

Regional Coverage

The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the hot rolled coil prices.

Global Hot Rolled Coil Price Trend

The report offers a holistic view of the global hot rolled coil pricing trends in the form of hot rolled coil price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of hot rolled coil, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed hot rolled coil demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Hot Rolled Coil Price Trend

Q2 2025:

As per the hot rolled coil price index, European prices this quarter were shaped by fluctuating input costs, particularly for iron ore, coking coal, and energy, which were influenced by shifts in global supply chains and regional energy pricing. Demand from the automotive, construction, and industrial machinery sectors remained seasonally strong but uneven across countries. Production at several European steel mills was affected by maintenance shutdowns and labor shortages. Transport disruptions, especially in river and rail logistics, added to delivery delays. Additionally, carbon compliance costs and regulatory changes impacted production economics and influenced procurement decisions by large buyers.

Q3 2024:

In comparison to the last quarter and the same period previous year, the European hot rolled coil market had a notable decline in Q3 2024, as seen by a decline in costs. Pricing pressure was caused by an excess and weak demand from important industries such as building and the automobile. Trading activity was further affected by the summer holiday season, which resulted in fewer purchases and less market participation. The biggest price decline occurred in Germany, which was consistent with more general regional patterns. In addition to market difficulties, seasonal variables and consumer reluctance to refill contributed to a negative attitude and continuous uncertainty.

Q4 2023:

In Europe, the market maintained stable pricing throughout Q4 2023, though Russia saw notable fluctuations. Early in the quarter, elevated production and lowered interest from the automotive industry led to a price drop, exacerbated by decreased demand for Russian-grade pig iron in the Black Sea market. Russian steel mills responded with increased production rates, increasing supply. Midway through the quarter, supply chain issues in the Panama Canal and higher freight costs influenced market preferences.

This analysis can be extended to include detailed hot rolled coil price information for a comprehensive list of countries.

North America Hot Rolled Coil Price Trend

Q2 2025:

As per the hot rolled coil price index, in North America, hot rolled coil pricing was influenced by variability in raw material costs, particularly iron ore and scrap, driven by changes in mining output and export trends. Demand from the construction and automotive sectors remained active, though regional disparities were observed due to project delays and supply chain disruptions. Steel mill operating rates fluctuated due to labor availability and maintenance schedules. Import competition from Asia and Latin America also affected local pricing strategies, while logistics congestion and freight rate volatility added complexity to procurement planning for downstream manufacturers.

Q3 2024:

Strong demand, supply limitations, and increased manufacturing costs all contributed to the significant price increase in the North American Hot Rolled Coil (HRC) market in Q3 2024. As a reflection of the general increasing trend, the USA had the biggest price adjustments. Even with the robust yearly growth, there was a minor reduction from the last quarter, suggesting some instability in the dynamics of pricing. Prices showed a constant upward trend, rising steadily between the initial and subsequent part of the quarter. The market ended with a robust pricing environment, highlighting the ongoing upward trend notwithstanding sporadic oscillations.

Q4 2023:

In the fourth quarter of 2023, the North American market for hot rolled coils (HRC) experienced a downward price trend due to multiple factors. The beginning of the quarter saw low prices despite a robust U.S. dollar, largely due to limited purchase deals and transportation constraints from lower river levels. Another contributing factor was the United Auto Workers strike. Reduced demand from automotive companies, wary of inflation, further impacted prices. Later in the quarter, domestic prices began to rise due to falling inventory levels, a price increase from Cleveland Cliffs, and decreased production during the strike.

Specific hot rolled coil historical data within the United States and Canada can also be provided.

Middle East and Africa Hot Rolled Coil Price Trend

Q2 2025:

As per the hot rolled coil price chart, the prices in the Middle East and Africa fluctuated due to a complex interplay of factors, primarily driven by supply chain disruptions, seasonal demand shifts, and geopolitical influences. A tight supply from refineries, exacerbated by maintenance rounds and unplanned outages, put pressure on prices. Simultaneously, demand from the agrochemical sector during the planting season contributed to price changes.

Q3 2024:

The report explores the hot rolled coil pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on hot rolled coil prices for countries can also be provided.

Asia Pacific Hot Rolled Coil Price Trend

Q2 2025:

Hot rolled coil prices in the Asia Pacific region were impacted by volatile input costs, including iron ore and coking coal, shaped by seaborne supply constraints and fluctuating global demand. Steel production in China, India, and Southeast Asia varied due to environmental curbs, seasonal maintenance, and power availability. Demand remained strong from the construction, shipbuilding, and infrastructure sectors. Export activity was influenced by shifting trade dynamics and competitive pricing pressure among regional producers. Logistical challenges, such as port delays and container shortages, further affected the supply flow and delivery schedules across the region.

Q3 2024:

Throughout the third quarter of 2024, the Asia Pacific hot rolled coil market saw a substantial downturn due to a number of important issues. Price reductions from the first half to the subsequent half of the quarter were most apparent in China, indicating a negative mood in the market. Weak demand, little policy assistance, and changes to novel national guidelines all posed challenges to the market. Furthermore, the slack season's effects significantly reduced demand, intensifying the downward trend and fostering dilemma. A challenging time for market participants was marked by the substantial price decreases that resulted from these combined factors throughout the region.

Q4 2023:

In the fourth quarter of 2023, the prices of hot rolled coil in the Asia-Pacific region exhibited remarkable stability, characterized by only minor fluctuations in both demand and supply. Notwithstanding the subdued global demand, substantial orders were nevertheless placed, resuling in an increase in prices. In November, hot-rolled coil (HRC) prices in Taiwan experienced a notable increase attributed to limited availability, heightened demand stemming from the construction and automotive industries, and disruptions in trade channels, particularly those affecting the Panama Canal.

This hot rolled coil price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Hot Rolled Coil Price Trend

Q2 2025:

Latin America's hot rolled coil market is predominantly influenced by its rich natural reserves, particularly in countries like Chile and Brazil. However, political instability and inconsistent regulatory frameworks can lead to significant volatility in hot rolled coil prices. Infrastructure challenges and logistical inefficiencies often impact the supply chain, affecting the region's ability to meet international demand consistently. Moreover, the hot rolled coil price index, economic fluctuations, and currency devaluation are critical factors that need to be considered when analyzing hot rolled coil pricing trends in this region.

Q3 2024:

The analysis of hot rolled coil prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Hot Rolled Coil Price Trend, Market Analysis, and News

IMARC's latest publication, “Hot Rolled Coil Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” presents a detailed examination of the hot rolled coil market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of hot rolled coil at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents detailed hot rolled coil prices trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting hot rolled coil pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

Hot Rolled Coil Market Analysis

The global hot rolled coil market size reached 314.4 Million Tonnes in 2024. By 2033, IMARC Group expects the market to reach 479.4 Million Tonnes, at a projected CAGR of 4.56% during 2025-2033.

• Infrastructure development is a significant driver for the demand for hot rolled coils. As governments worldwide focus on improving their country's infrastructure, including highways, bridges, airports, and buildings, the need for HRC intensifies. In the US, more than $350 billion has been announced in the Bipartisan Infrastructure Law (BIL) funding through October 2023. Among which, $9.8 billion has been allocated to passenger and freight rail, $7.8 billion for airports, $174.7 billion for roads, bridges, and major projects, $34.1 for public transportation, and $5.9 billion for ports and waterways, boosting the demand for high-quality hot rolled coils. 
• The hot rolled coil demand is further amplified by its utilization in the automotive sector for manufacturing various components. As the production of vehicles rises, the demand for hot rolled coils will also increase. In 2022, the annual sales rate for passenger cars was 81.6 million units. China alone exported 2.1 million vehicles during Jan-Sep 2022, an increase of 55% compared with 2021. The American auto market rose in October to 1.18 million private and institutional sales, an increase of 11.5% compared with October 2021. The industry's expansion, especially with the rise of electric vehicles (EVs), also boosts the demand for steel products. The EV market in India is anticipated to grow at a rate of 49% between 2022 and 2030, which will increase the use of hot rolled coil in manufacturing various parts.
• The hot rolled coil is also becoming increasingly popular in the energy sector, including renewables and traditional power generation. Global energy consumption has grown by 69.22% due to increased world population by 47.67% from 1990 to 2020. Also, it was estimated that around $2.8 trillion was invested in energy in 2023. From this, more than $1.7 trillion was for clean energy, including renewable power, nuclear, grids, storage, low-emission fuels, efficiency improvements and end-use renewables and electrification. Moreover, India aims to achieve 50% of total electric power installed by 2030 from renewables, i.e., a 500 GW of renewable energy installed capacity. This has increased the demand for steel products in various renewable energy projects.
• The market share is also expanding due to hot rolled coil's increased demand in the construction sector owing to rising industrialization and urbanization in emerging nations. In 2020, around 44% of the population worldwide lived in cities, 43% in towns and suburbs, and 13% in rural areas in 2020, accounting for a total urban share of 87% (more than 6.8 billion people). It is projected that by 2050, 1 in 7 people will live in urban areas, boosting the need for the construction of residential and commercial spaces. Regionally, The Asia Pacific region's construction and real estate market is anticipated to reach nearly 40% of the industry's output value by 2030, with a 6% growth rate.

Hot Rolled Coil News

The report covers the latest developments, updates, and trends impacting the global hot rolled coil industry, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in hot rolled coil production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the hot rolled coil price trend.

Latest developments in the hot rolled coil industry:

• In August 2022, Tata Steel signed a Memorandum of Understanding (MoU) with the Government of Punjab, India for setting up a 0.75 MnTPA long products steel plant with a scrap-based electric arc furnace (EAF).
• In March 2023, ArcelorMittal, a Luxembourg-based multinational steel manufacturing and mining corporation, announced its acquisition of Companhia Siderúrgica do Pecém (‘CSP’) for approximately $2.2 billion. The company aims to capture steel demand growth, increase capacity and add finishing facilities.

Product Description

Hot rolled coil (HRC) is a type of steel product that is produced through the hot rolling process, where steel is rolled at a high temperature above its recrystallization point. It is produced from various materials, such as carbon steel and alloy steel, catering to different mechanical and structural requirements. HRC is available in various types, including carbon steel, low alloy, and high strength low alloy (HSLA), each possessing unique properties, such as weldability, ductility, and strength, which are advantageous for specific applications.

It finds application in industries like automotive, construction, pipe and tube manufacturing, shipbuilding, energy, and heavy equipment manufacturing. HRC is lauded for its cost-effectiveness, excellent workability for various manufacturing processes, including cutting, welding, and machining, adaptability in various environmental conditions, versatility, durability, and recyclability.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of hot rolled coil pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
• The study examines factors affecting hot rolled coil price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The hot rolled coil price charts ensure our clients remain at the forefront of the industry.