Hot Rolled Coil Prices Record Significant Market Movements in Q2 2025

25-Aug-2025

The hot rolled coil prices experienced notable fluctuations globally, shaped by dynamic shifts in raw material costs, supply chain constraints, and sector-specific demand. According to IMARC Group’s latest publication, Hot Rolled Coil Prices Trend, Index and Forecast Data Report 2025 Edition, which provides updated insights for Q2 2025, the market conditions varied considerably across key producing and consuming regions, reflecting the interplay of domestic factors and international trade developments. North America, Asia Pacific, and Europe emerged as critical markets shaping the quarterly pricing landscape.

Q2 2025 Hot Rolled Coil Prices:

USA: USD 1268/MT
China: USD 474/MT
India: USD 611/MT
Germany: USD 880/MT
Japan: USD 525/MT

Q2 2025 Hot Rolled Coil Prices

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The current hot rolled coil price levels across major regions underscore the material’s vital role in high-performance industries such as automotive, construction, machinery, and shipbuilding, with these sectoral demands and input cost dynamics contributing to a stable to rising global price trend.

Key Regional Price Trends and Market Drivers:

United States

Hot rolled coil prices in the USA reached USD 1268/MT in June 2025, driven by volatility in scrap and iron ore costs, labor constraints, and uneven demand from automotive and construction sectors. Import volumes and trade policy considerations also played a key role in shaping inventory strategies.

China

In China, hot rolled coil prices settled at USD 474/MT in Q2 2025, influenced by fluctuating iron ore and coking coal costs, environmental regulations, and capacity controls. Strong demand from construction and infrastructure, coupled with logistics bottlenecks, contributed to the pricing outlook.

India

India's hot rolled coil prices stood at USD 611/MT during the second quarter of 2025, supported by demand from construction, automotive, and engineering sectors. Input cost volatility, monsoon-related logistical disruptions, and mill output adjustments influenced market dynamics, while exports to Southeast Asia impacted domestic availability.

Germany

Hot rolled coil prices in Germany reached USD 880/MT in June 2025, with energy costs and raw material fluctuations driving pricing trends. Seasonal demand from automotive and machinery sectors persisted, though component shortages and transport disruptions affected supply timelines.

Japan

In Japan, hot rolled coil prices stood at USD 525/MT in Q2 2025, shaped by global shipping rates, input cost pressures, and exchange rate movements. Demand remained steady from the shipbuilding, automotive, and construction industries, while maritime delays and port congestion disrupted inventory flows.

Q2 vs Q1:

Country	Q2 2025	Q1 2025	Q2 vs. Q1 Trends
USA	1268 USD/MT	1212 USD/MT	Prices increased due to higher raw material costs and uneven demand, despite mill downtime and labor constraints
China	474 USD/MT	490 USD/MT	Prices declined slightly due to export fluctuations and stricter capacity controls, despite firm construction demand
India	611 USD/MT	625 USD/MT	Prices dipped due to monsoon-related disruptions and mixed sectoral demand
Germany	880 USD/MT	825 USD/MT	Prices rose as energy costs and transport bottlenecks pressured supply

Hot Rolled Coil Industry Overview:

The global hot rolled coil market reached a volume of 314.4 Million Tonnes in 2024 and is projected to reach a volume of 479.4 Million Tonnes by 2033, expanding at a CAGR of 4.56% during 2025-2033. This expansion highlights the material’s indispensable role in core industries, with demand closely tied to developments in automotive, construction, shipbuilding, and heavy engineering. These factors, coupled with fluctuating input costs and trade policies, continue to shape a stable to rising global price trend.

Some of the key drivers influencing the market include raw material cost volatility, steel mill utilization rates, and sectoral demand across high-performance industries. Additionally, environmental regulations, logistical challenges, and rising energy costs are emerging as pivotal factors influencing production efficiency and regional pricing variations. Export activity, infrastructure growth, and investment in manufacturing capacity are further expected to reinforce the market’s long-term expansion.

Recent Market Trends and Industry Analysis:

The demand for hot rolled coil is strongly influenced by the growth of key end-use industries such as infrastructure, automotive, energy, and construction. Governments worldwide are prioritizing large-scale infrastructure upgrades, including highways, bridges, airports, ports, and public transportation networks, which is fueling the need for high-quality steel products. The automotive sector further amplifies demand as rising vehicle production, exports, and the shift toward electric vehicles require significant volumes of hot rolled coil for component manufacturing.

In addition, the energy sector, spanning both traditional power generation and renewable energy, has become an important consumer of hot rolled coil, supported by expanding investment in clean technologies and grid improvements. Moreover, rapid urbanization and industrialization are also contributing to higher consumption in the construction sector, particularly in emerging economies where residential, commercial, and industrial projects continue to expand. Collectively, these factors highlight the material’s critical role in supporting global economic growth and industrial development.

Strategic Forecasting and Analysis:

IMARC’s report incorporates forecasting models that project near-term price movements based on evolving trade policies, raw material supply, and technological trends. These tools enable businesses to mitigate risk, enhance sourcing strategies, and support long-term planning.

Key Features of the Report:

Price Charts and Historical Data
FOB and CIF Spot Pricing
Regional Demand-Supply Assessments
Port-Level Price Analysis
Sector-Specific Demand and Supply Insights

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