| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Hot Rolled Coil | USA | FOB | USD 1,146.14/MT | April 2026 |
| Hot Rolled Coil | India | FOB | EXW 631.11/MT | April 2026 |
| Hot Rolled Coil | China | EWX | USD 485.02/MT | April 2026 |
| Hot Rolled Coil | Germany | EXW | USD 845.60/MT | April 2026 |
| Hot Rolled Coil | Canada | EXW | USD 1,156.00/MT | April 2026 |
| Hot Rolled Coil | USA | FOB | USD 1,109.16/MT | March 2026 |
| Hot Rolled Coil | India | FOB | EXW 616.68/MT | March 2026 |
| Hot Rolled Coil | China | EWX | USD 463.77/MT | March 2026 |
| Hot Rolled Coil | Germany | EXW | USD 834.26/MT | March 2026 |
| Hot Rolled Coil | Canada | EXW | USD 1,121.00/MT | March 2026 |
Stay updated with the latest hot rolled coil prices, historical data, and tailored regional analysis
China’s hot-rolled coil market reflected a fluctuating but stable trend during Q1’26. Prices averaged around 3,420 RMB/tonne in January and eased slightly to 3,410 RMB/tonne in March, reflecting an approximate 0.31% decline over the quarter. The market remained under pressure early in the quarter as production resumed post-maintenance, inventories built up through the holiday period, and downstream sectors such as machinery, automotive, and steel processing restarted more slowly than expected.
Conditions improved through March as firm iron ore and coking coal prices strengthened the cost floor, and mills resisted sharper discounts amid low profitability. Sentiment was also supported by expectations surrounding China’s “Two New” policy (large-scale equipment renewal and consumer goods trade-ins), which is expected to support steel-intensive demand across machinery, vehicles, and appliances. Late-quarter market sentiment was further influenced by the Iran conflict, which raised freight and insurance costs, added uncertainty to steel export flows toward the Gulf, and reinforced cost-side support across the steel value chain. Overall, the market remained stable but lacked strong upward momentum due to still-elevated inventories and only gradual demand recovery.
Analyst Insights
According to Procurement Resource, HRC prices are expected to remain stable to slightly firm in the near term, supported by cost-side resilience and policy-led demand expectations, though high inventories may continue to cap sharper gains.
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During the fourth quarter of 2025, the global hot rolled coil market showed mixed trends across regions, shaped mainly by supply, trade policies, and uneven demand recovery.
In the United States, HRC prices moved upward during the quarter. Domestic producers continued to announce weekly increases, supported by controlled supply and steady mill order books. Lead times remained stable, which helped producers maintain pricing discipline. While demand from key sectors such as construction and manufacturing was not strong, buyers accepted higher offers due to limited spot availability and reduced imports.
In Europe, HRC prices remained mostly stable with a slight upward trend toward the end of the quarter. The market reacted strongly to proposed changes in steel import rules, including tighter quotas and stricter origin checks. These measures slowed import arrivals and improved sentiment for domestic mills. However, real demand stayed weak, especially from downstream industries, which capped any major price rise.
In Asia, HRC prices stayed under pressure. In China and India, demand remained soft due to seasonal slowdown and high supply levels. Indian mills focused more on exports as domestic sales stayed slow, but competition in overseas markets kept prices low.
Hot rolled coil is basically a moulded form of steel. It basically includes a mill process which involves rolling of steel at a high temperature (generally at a temperature over 1700° F), which is above the steel's recrystallisation temperature. When steel is above its recrystallisation temperature, Hot rolled coil is formed, and thus, given this shape. It is often utilised in the manufacturing of staircases. Further, it can be embossed with different patterns such as the teardrop pattern to impart excellent anti-slip properties to the product.
Construction, Shipping, Energy, Packaging, Consumer Appliances Industry, Housing, Automotive
Tata Steel Limited, ArcelorMittal S.A., Nippon Steel Corporation, Jindal Steel & Power Ltd., Saudi Basic Industries Corporation (SABIC), POSCO
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
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Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
In metalworking, rolling is a metal forming method in which metal stock is passed through one or more pairs of rolls to decrease its thickness and to make it uniform. The rolling process is known as hot rolling if the temperature at which the metal is being rolled is above its recrystallisation point.
Thus, during the hot rolling of steel, it is transformed into coil a shaped product upon reaching above its recrystallisation point, thus, resulting in the formation of Hot Rolled Coil.
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This report provides the cost structure of coal liquefication by direct liquefaction. In this process, coal is exposed to hydrogen at 450°C along with high pressure for one hour in the presence of recycled solvent and iron-based catalyst.
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