Hot-Rolled Steel Coil Global Market Report 2026

Hot-rolled steel coil refers to a type of metal processed at high temperatures above its recrystallization point, which makes it easy to shape and form. The process involves passing the material through large rollers while it remains hot, producing a surface that may have a slightly rough, scaled texture.

The primary types of hot-rolled steel coil include those with thicknesses above 3 mm and those below 3 mm. Hot-rolled coils thicker than 3 mm are steel sheets produced through a hot-rolling process at temperatures exceeding 1700°F (926°C). They come in various grades, such as low-carbon steel, medium-carbon steel, high-carbon steel, and alloy steel, and are used in multiple applications including construction and infrastructure, oil and gas or energy, automotive, industrial equipment, shipbuilding and marine, among others.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs on steel imports have significantly impacted the hot-rolled steel coil market by increasing raw material costs and altering global trade flows, particularly affecting construction, automotive, and energy segments. Regions such as asia-pacific and europe have experienced pricing volatility due to duties on imported coils and alloy steels. While tariffs have raised short-term costs, they have also encouraged domestic steel production, capacity expansion, and localization of supply chains, supporting long-term market resilience.

The hot-rolled steel coil market research report is one of a series of new reports from The Business Research Company that provides hot-rolled steel coil market statistics, including hot-rolled steel coil industry global market size, regional shares, competitors with a hot-rolled steel coil market share, detailed hot-rolled steel coil market segments, market trends and opportunities, and any further data you may need to thrive in the hot-rolled steel coil industry. This hot-rolled steel coil market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The hot-rolled steel coil market size has grown steadily in recent years. It will grow from $198.67 billion in 2025 to $207.56 billion in 2026 at a compound annual growth rate (CAGR) of 4.5%. The growth in the historic period can be attributed to expansion of construction and infrastructure activities, growth in shipbuilding and marine industries, increasing demand from oil and gas sector, adoption of hot rolling for cost-effective steel production, availability of low-carbon steel grades.

The hot-rolled steel coil market size is expected to see steady growth in the next few years. It will grow to $244.3 billion in 2030 at a compound annual growth rate (CAGR) of 4.2%. The growth in the forecast period can be attributed to rising investments in smart infrastructure development, growing automotive production and electrification, increasing demand for hsla and alloy steel coils, expansion of industrial equipment manufacturing, focus on sustainable and recyclable steel materials. Major trends in the forecast period include rising demand for structural steel in infrastructure projects, growing adoption of high strength low alloy coils, increasing use of hot-rolled coils in automotive frames, rising preference for thick gauge coils in heavy engineering, growing demand for pressure vessel and boiler quality coils.

The rising demand for construction and infrastructure initiatives is anticipated to drive the expansion of the hot-rolled steel coil market. These initiatives involve the planning and building of physical frameworks and systems essential for transportation, utilities, and public services. The surge in such projects is primarily due to increasing urban populations, as growing cities need enhanced transportation networks, sufficient housing, and improved public utilities to support the needs of their residents. Hot-rolled steel coil is advantageous for these developments because it can be manufactured in large quantities with consistent specifications, making it ideal for structural uses that require uniformity and scalability. For example, in June 2025, a report by the Department for Business and Trade, a UK-based government entity, stated that total new construction orders in the first quarter of 2024 increased by 15.9% ($1,926 million (£1,436 million)) compared to the final quarter of 2023. As a result, the growing demand for construction and infrastructure development is fueling the growth of the hot-rolled steel coil market.

Leading companies in the hot-rolled steel coil industry are concentrating on expanding their facilities to introduce new technologies or capabilities while continuing operations at current sites. Expanding a facility involves enlarging an existing location to accommodate growing operations or prepare for future increases in demand. For instance, in May 2025, Uzmetkombinat, a steel manufacturer based in Uzbekistan, commenced operations at its newly constructed hot-rolled steel facility in Bekabad. The expansion enables the facility to produce over 1 million tons of hot-rolled steel annually, helping reduce dependence on imports and boosting export potential. Its integrated production line allows semi-finished inputs to be processed without reheating, thereby enhancing energy efficiency. The facility includes a 120-ton electric arc furnace, a continuous casting unit, and a rolling mill designed for large-scale production. It also features advanced filtration and energy-efficient systems to reduce environmental impact.

In July 2024, Cleveland Cliffs Inc., a steel producer based in the United States, acquired Stelco Holdings Inc. for $2.5 billion. This acquisition expanded Cliffs' steel manufacturing capabilities and increased its presence in the flat-rolled steel market, resulting in cost advantages in raw materials, energy, healthcare, and currency. The acquisition also strengthened Cliffs' operational performance and broadened its customer reach while allowing cost reductions through better procurement practices, lower overhead, and reduced public company-related expenses. Stelco Holdings Inc. is a Canadian producer of hot-rolled steel coils.

Major companies operating in the hot-rolled steel coil market report are ArcelorMittal SA, Toyota Tsusho Corporation, Pohang Iron And Steel Company, China Baowu Steel Group Corp., Nippon Steel And Sumitomo Metal Corporation (NSSMC), Baosteel Group Corp. Ltd., ThyssenKrupp AG, Japan Future Enterprise Steel Corporation, Shougang Group, Tata Steel Ltd., United States Steel Corporation, Jindal South West Steel Ltd., Hyundai Steel Co., Hebei Iron And Steel Group, Ternium Group, Ansteel Group, Essar Steel Inc., Novolipetsk Metallurgical Combine Group, Hesteel Group Company Ltd., Jiangsu Shagang Group Co. Ltd., Gerdau S.A., Jindal Stainless Hisar Limited

Asia-Pacific was the largest region in the hot-rolled steel coil market in 2025. The regions covered in the hot-rolled steel coil market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the hot-rolled steel coil market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The hot-rolled steel coil market consists of sales of steel sheets and plates, structural beams, automotive parts, pipes, and tubes. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Hot-Rolled Steel Coil Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses hot-rolled steel coil market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for hot-rolled steel coil ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The hot-rolled steel coil market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Type: Hot Rolled Coils (Thickness Above 3 Mm); Hot Rolled Coils (Thickness Below 3 Mm)
• 2) By Grade: Low-Carbon Steel; Medium-Carbon Steel; High-Carbon Steel; Alloy Steel
• 3) By End-Use: Construction And Infrastructure; Oil And Gas Or Energy; Automotive; Industrial Equipment; Shipbuilding And Marine; Other End-Uses
• Subsegments:
• 1) By Hot Rolled Coils (Thickness Above 3 Mm): Structural Steel Coils; Pressure Vessel Steel Coils; High Strength Low Alloy (HSLA) Coils; Boiler Quality Coils; Shipbuilding Grade Coils
• 2) By Hot Rolled Coils (Thickness Below 3 Mm): Commercial Quality Coils; Drawing Quality Coils; Deep Drawing Quality Coils; Automotive Grade Coils; Pipe And Tube Grade Coils
• Companies Mentioned: ArcelorMittal SA; Toyota Tsusho Corporation; Pohang Iron And Steel Company; China Baowu Steel Group Corp.; Nippon Steel And Sumitomo Metal Corporation (NSSMC); Baosteel Group Corp. Ltd.; ThyssenKrupp AG; Japan Future Enterprise Steel Corporation; Shougang Group; Tata Steel Ltd.; United States Steel Corporation; Jindal South West Steel Ltd.; Hyundai Steel Co.; Hebei Iron And Steel Group; Ternium Group; Ansteel Group; Essar Steel Inc.; Novolipetsk Metallurgical Combine Group; Hesteel Group Company Ltd.; Jiangsu Shagang Group Co. Ltd.; Gerdau S.A.; Jindal Stainless Hisar Limited
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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