HRC Price Trends & Forecast | Monthly, Quarterly, Yearly Data (2024–2025)

Introduction

If you are in the business of buying or supplying SS Hot Rolled Coils (HRC) in India, 2025 is about to be a year of both challenges and opportunities. Global trade shifts, government policy changes, and changing demand are creating a lot of movement in steel prices. From food processing equipment to pharmaceutical machinery, hot rolled coil steel price movements can significantly impact costs, margins, and strategic planning. So, it is essential to stay updated on hot rolled coil price trends.

We have been closely tracking the HRC price movement across 2024 and into 2025. This article will give you a clear analysis of monthly changes, quarterly insights, and a full-year forecast to help you prepare for what’s going to happen next.

Key Highlights

• Current Price (Latest Update): Rs. 320/kg (Grade 316L)
• Price Change (Last Quarter): -1.84%
• Forecast for Next Quarter: Expect continued fluctuations because of global trade, raw material volatility, and regional demand shifts

Historical Price Trends

HRC Price Chart (Historical Data)

Price Forecast

HRC Price Forecast for 2025

• Q2 2025 Forecast: HRC is experiencing moderate to increased demand across different series in the second quarter of 2025. Moreover, India imposed a 12% temporary safeguard duty on some steel imports to counter cheap imports from China. These factors are expected to lead to a rise in HRC prices.
• Q3 2025 Forecast: India's stainless steel CRC and HRC market is projected to grow at a CAGR of 8.2% in revenue and 8.4% in volume through 2033, driven by infrastructure development and a robust automotive sector. Government measures aimed to protect the domestic steel industry and drive infrastructure growth could keep prices supported.
• Q4 2025 Forecast: Prices may stabilize or experience a slight uptick in Q4 2025. This could be because of increased demand from infrastructure development and seasonal factors.
• 2025 Outlook: India's steel demand is projected to grow by 8–9% in 2025 because of increased steel-intensive construction in housing and infrastructure sectors. Nickel prices, a key component in stainless steel, are anticipated to remain volatile, potentially impacting production costs. Overall, in 2025, SS HRC prices in India are expected to experience moderate fluctuations, influenced by strong domestic demand, global price trends, and potential policy interventions.

Regional Price Trends

HRC Price in Mumbai, Delhi, Kanpur (2025)

Factors Influencing Price

Key Drivers Affecting HRC Prices

• Raw Material Costs: Nickel, a primary component in stainless steel, has experienced price fluctuations. These fluctuations in nickel prices are bound to influence the cost of production and, later, the price of HRC.
• Domestic Demand: India's stainless steel demand grew by 11% in FY24, reaching 4.46 million tons. The per capita consumption is expected to rise from 3.1 kg to 4.5–5.5 kg by 2030, indicating a robust long-term demand outlook. This consistent demand is a crucial factor in supporting price stability and market growth.
• Import Dynamics: The imposition of U.S. tariffs on steel imports has redirected surplus steel from countries like China, South Korea, and Japan into the Indian market. This influx has led to increased competition and downward pressure on domestic steel prices.
• Domestic Policy Measures: In response to the surge in imports, the Indian government has proposed a temporary 12% tax on certain steel imports for 200 days. This measure aims to protect domestic producers and is expected to support price stabilization in the near term.

Conclusion

In 2025, SS HRC prices in India are expected to face mild corrections early in the year, influenced by increased imports and the global trade environment. However, as we go into the second and third quarters, domestic policy interventions and strong demand from the infrastructure sector could support price stabilization. By the fourth quarter, there could be a gradual price rebound, which will depend on how the market adjusts to both domestic and global conditions.

For businesses involved in the buying and selling HRC, staying informed about these key trends will be crucial. Monitoring factors such as global nickel prices, government policies, and domestic consumption patterns will help navigate the evolving market landscape effectively.

With Nexizo, you can track hot rolled coil price updates in real time, and build smarter procurement strategies with confidence. Whether you are a manufacturer, trader, or project planner, our insights give you the clarity you need to act fast and stay ahead.