| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Hot Rolled Steel | China | EXW | USD 492.71/MT | May 2026 |
| Hot Rolled Steel | India | EXW | USD 533.70/MT | May 2026 |
| Hot Rolled Steel | USA | FOB | USD 1,209.10/MT | May 2026 |
| Hot Rolled Steel | Germany | EXW | USD 677.23/MT | May 2026 |
| Hot Rolled Steel | Brazil | CIF | USD 624.71/MT | May 2026 |
| Hot Rolled Steel | China | EXW | USD 484.43/MT | April 2026 |
| Hot Rolled Steel | India | EXW | USD 545.00/MT | April 2026 |
| Hot Rolled Steel | USA | FOB | USD 1,175.00/MT | April 2026 |
| Hot Rolled Steel | Germany | EXW | USD 690.00/MT | April 2026 |
| Hot Rolled Steel | Brazil | CIF | USD 605.43/MT | April 2026 |
Stay updated with the latest hot rolled steel prices, historical data, and tailored regional analysis
Hot rolled steel prices in Asia, particularly China, witnessed mixed performance in the first quarter of 2026, because although there was supportive cost-side pressure, there were still weak demand conditions in place. The increase in prices at the beginning of the year can be attributed to higher input costs, but due to seasonal factors and low construction activities, buying slowed down, resulting in an accumulation of stocks. During February, low consumption rates and stock volumes maintained downward pressure in the market. Towards the end of the quarter, there was a resumption in construction activities, which provided some support to demand; however, low buying interest and abundant supply prevented any significant gains.
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According to Procurement Resource, in the near term, hot rolled steel prices are expected to remain mostly stable, with feedstock costs offering support while demand recovery continues to determine market direction.
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In the second half of 2025, the global hot rolled steel market witnessed mixed trends in terms of prices, where regional variations were prominent. In the third quarter, the prices of hot rolled steel were seen moving in a narrow range. At the start of this period, positive government support, along with increased expenditure by the infrastructure and manufacturing sectors, helped the overall sentiment of the market. This led to a positive movement in prices. The demand for construction equipment, home appliances, and automobiles helped the hot rolled steel market. However, this positive trend declined during the second half of the quarter, as high prices led to a decline in export demand. The production of hot rolled steel continued as usual, keeping it high. At the end of this period, inventory levels increased, causing a correction, followed by a seasonal movement.
In the fourth quarter, regional markets saw different market conditions. In the European markets, prices improved slightly due to stringent import regulations, which boosted the prices offered by local producers. In Asia, the market continued to face pressure due to high inventories, slow demand revival from the monsoon season, and competitive export offers, keeping prices subdued. Buyers remained cautious, avoiding large transactions, which resulted in limited transactions, keeping the market balanced.
Hot rolled steel is a type of steel processed at high temperatures above 1,700°F, which is above the recrystallization temperature. This makes it easier to shape and form, resulting in products with a rough surface finish and looser tolerances compared to cold rolled steel. It's commonly used in construction, automotive frames, rail tracks, and agricultural equipment due to its strength, durability, and cost-effectiveness. Hot rolled steel is ideal for applications where precise shapes and smooth finishes aren't critical.
ArcelorMittal, Nippon Steel & Sumitomo Metal Corporation (NSSMC), Hebei Iron and Steel Group, Baosteel, Wuhan Iron and Steel Group
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Hot rolled steel is widely used in various industrial applications due to its strength, versatility, and cost-efficiency. It is commonly utilized in construction for beams, columns, and structural frameworks. In the automotive industry, it’s used for frames, wheel rims, and chassis components. It also serves in the manufacturing of agricultural equipment, railroad tracks, and heavy machinery. Additionally, hot rolled steel is used in shipbuilding, pipeline construction, and storage tanks, where precise dimensions are less critical but durability is essential.
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