Hot Rolled Steel Price Trend and Forecast

Hot Rolled Steel Price Overview

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

Hot Rolled Steel Price Trend for Q1 of 2025

During Q1 2025, the market for Hot Rolled Steel had fluctuating price movements in the Chinese markets with an upward bias. Prices were relatively stable at the beginning of the quarter. Output was decreased mainly due to the increase in raw material cost and the seasonal lag prior to the lunar New Year holidays in China.
 

Hot Rolled Steel Price Chart

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January experienced a marginal decline in prices, led by production reductions, especially in alloyed metals, and conservative demand. As February came in, prices experienced a modest gain, buoyed by better operating downstream working rates after the New Year holidays. By March, the market recovered as a rise in domestic production of crude steel increased significantly, although high stock levels and poor downstream activity placed a limit on further price appreciation.

Overall, Q1 2025 witnessed conservative price growth, as regions witnessed varied pricing trends depending on supply-demand situations. Higher inventory and sluggish downstream demand averted substantial price movements, and hence, a balance in the market was established.

Analyst Insight

According to Procurement Resource, Hot Rolled Steel prices are forecasted to decrease in Q2 2025, mainly because of the rising US-China trade tensions and uncertainties surrounding China's steel production cuts.

Procurement Resource provides latest prices of Hot Rolled Steel. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.