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Hot rolled coil fastmarkets

US flat-rolled EAF's fuel new-capacity tsunami

Feature market news

US steel mills are on pace to add more than 13.5 million tons of EAF flat-rolled steelmaking capacity at a cost of at least $6.3 billion...

More news from our experts speaking daily to the markets

  • PRICING NOTICE: Proposed amendment to US steel sheet, plate assessments

    Fastmarkets AMM proposes amendments to its weekly steel sheet and plate assessments.

    Read now
  • RESEARCH: Improving demand outlooks in Europe, US prompt increases to our HRC price forecasts

    The latest forecasts from Fastmarkets’ team of analysts are ready to view.

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  • US Commerce Department seeks enhanced trade regulations

    The United States Department of Commerce has proposed a sweeping set of new rules to clarify and streamline the administration and enforcement of anti-dumping and countervailing duty laws.

    Read now

The outages and short-term production issues have made everyone get of the fence to buy some stock, and now we're here in a pretty good order book and backlog into November.

a producer source

Events & Webinars

Deepen your knowledge with our events & webinars

  • Webinar: Insights to Drive Success in the 2020 US HRC Contract Season

    Join our experts as we review the dynamics in the US HRC market through the lens of our daily HRC benchmark.

    Register now
  • Steel Success Strategies 2020

    Steel Success Strategies is moving online, giving the steel industry a platform to meet and find common solutions in a year of crisis. 

    Learn more
  • Playback: US Steel Supply Chain: Sunny Days Ahead?

    This June 2020 webinar, led by our North American steel team, discussed the direction the steel and raw materials markets were headed during the summer and if better days were on the horizon. Watch the playback now.

    Watch now

Our methodology

A number of people in the metals industry rely on our price assessments and indices to empower their business decisions everyday. We take this responsibility very seriously, and seize every opportunity to provide an explanation of how we, as a price reporting agency, provide this trustworthy data. Our methodologies are published and made accessible to ensure our price reporting process is fully transparent.

Our North American Steel Editor, Grace Asenov, walks you through how we price our US HRC Index in a quick video below. 

You can access our full methodology and price specifications for US HRC Index here and for our other steel prices here.

 

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We have successfully completed an audit of our US HRC Index and received a Type 1 assurance from PwC in May 2019.

 

HRC Index Indicators

HRC Weekly number of data points collected 9-4-2020 HRC spread of data collected 9-4-2020

Forecasting & analysis

Our HRC forecasts and market analysis help businesses plan ahead. 

Global Steel Market Tracker

North American Steel Market Tracker 

Industry data

Our industry data gives you the insight you need to dig deeper

Global Steel Cost Service 

 

Why trust our HRC Index?

We understand how important hot-rolled coil (HRC) is to the steel industry, that’s why we provide a wide range of detailed coverage for this material. From prices and price forecasts to the latest breaking news plus long-term analysis of supply and demand our experts can prepare you for anything you need. 

Due to increased volatility and feedback from participants in the flat-rolled markets, in November 2018 we increased the frequency of our HRC index to daily to provide a more market-reflective picture of what's happening. This means that every day our reporters are speaking to members of the steel market, understanding what transactions or impactful situations may have occurred that would shift the market. 

As a customer, you can obtain a rich history of this market. We have been reporting on HRC, under the former brand American Metal Market, since 1960 with a weekly assessment. In July 2017, we moved our assessment to an index calculation based on market feedback.  

Whether you produce, consume or trade HRC, you can rely on our market information to help ensure you make informed decisions for your business.  

HRC, or hot-rolled coil, is the predominant finished steel form in the domestic and global steel industry and is the basis for many steel-based industrial products. Significant liquidity in the HRC market along with its importance as a raw material for manufacturers makes this a critical material with consistent volatility in its physical markets.

HRC is mostly used in industrial fabrication as well as in large end markets like automotive and construction. It also is used as a substrate in welded steel tube and pipe production and heavy industrial equipment in the agricultural industry. Participants active in the physical spot market for HRC includes steel mills, service centers, fabricators, and end users such as pipe mills or automotive companies.

Market participants use our HRC prices as escalators or de-escalators in their contracts, as benchmarks for physical and financial contracts, internal sales/purchasing performance evaluations, inventory appraisals and market trend analysis and forecasting. HRC prices also are generally used as an indicator of the health of a steel industry as it is the most commonly produced steel item, and so is often tracked by analysts and financial institutions.