| 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
In the United States, the prices of Hot Rolled Steel were ~USD 1,175.00/MT and ~USD 1,209.10/MT, respectively, in the first two months of Q2’26. The increase was supported by limited mill spot availability, seasonal maintenance, and delivery lead times moving into July and August. U.S. trade protection also strengthened domestic pricing, as tariff measures included 50% duties on metal products and 25% on several derivative products, keeping imported supply costly. North American crude steel output rose 15.6% year-on-year in May to 10.1 million tons, showing stronger mill activity but not enough to weaken prices because trade measures and supply discipline supported sentiment. In Germany, Hot Rolled Steel prices fell from ~EUR 0.59/kg in April to ~EUR 0.58/kg in May, showing a ~1.3% decrease. European prices softened due to weak buyer activity, high distributor stocks, lower processed coil prices, and slower automotive and industrial demand. EU crude steel output was 11.4 million tons in May, down 0.4% year-on-year, while buyers continued drawing down inventories instead of placing larger spot orders.
Analyst Insight
According to Procurement Resource, in the near-term, U.S. hot rolled steel may stay firmer due to tariffs and tight spot supply, while Europe may remain pressured by weak restocking and cautious industrial demand.
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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.
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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