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Hot-rolled steel coil price assessments and methodology: Metals Price Assessments

Daily prices, news and analysis for rolled steel coil

Platts US Hot-Rolled Coil price

Our daily Hot-Rolled Coil price assessments reflect the repeatable, transactional price of US Hot-Rolled Coil, reflecting a tight range and midpoint for the spot market value of transactions, bids and offers from a particular day. Our assessments are used by steelmakers, distributors and consumers throughout the US steel market as a basis for both long-term contracts and spot purchases.

Market commentaries, highlight bids, offers and confirmed transactions are published in our daily newsletters and our real-time information service, Platts Metals Alert

The Platts Hot-Rolled Coil price assessments are available in these services.

How do we assess the price of rolled steel?

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Our US Hot-Rolled Coil (HRC) price assessment is an emerging US benchmark that provides a daily representation of how much rolled steel is being bought and sold in the US Hot-Rolled Coil spot market.

It is based on a standard specification of Hot-Rolled Coil with chemical and dimensional tolerances based on ASTM A 1011-06a Commercial Type B material. Other specifications of Hot-Rolled Coil are normalized back to this grade, based on prevailing market extras. It takes into account standard spot-market order sizes of up to 500 st of material 48-60 inches wide, with thicknesses ranging from 0.083-0.37 inches (other order sizes or dimensions are normalized to this standard).

Rolled Steel Coil product specifications are updated periodically to remain reflective of current market practices. The price assessment is published on an ex-works Midwest (Indiana) mill basis and the US domestic market has migrated toward greater use of this assessment as a benchmark since early 2013.

Evolution of Platts US Hot-Rolled Coil price

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Platts, on its own and through the 2011 acquisition of Steel Business Briefing, has been assessing the spot price of Hot-Rolled Coil for more than a decade and was the first to publish Hot-Rolled Steel Coil pricing on a daily basis.

Our thought leadership has brought about unprecedented transparency in the Hot-Rolled Coil market, achieved through active market-testing of data and the publication of a daily spot market commentary.

Our products and services provide you with the latest news, data and analysis on hot-rolled steel.


Hot Rolled Coil Steel Price Assessment Methodology


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November 24, 2015
The possibility of China being accorded market economy status in 2016 has steel groups already sounding the alarm about shrinking output and lost jobs.

How do you access the price of Hot-Rolled Coil?

The hot-rolled coil Price Assessments are available in the following Platts services:

Market Data – Metals Prices

  • Access the latest, most accurate market price data for metals This service provides you with our end-of-day assessments, corrections, third-party data, and a rolling 45-day historical database
  • The most efficient and reliable way to receive our industry-standard benchmark price assessments data
  • Complete and custom historical metals and iron ore price data sets are also available

Platts Steel Daily Briefing

  • The latest steel news, prices and analysis for the global steel industry
  • Prices and analysis of the global markets including rebar, Hot-Rolled Coil, Cold-Rolled Coil, billet
  • Detailed daily global coverage from our international team of steel editors

Platts Metals Alert

  • Get a complete picture of the global metals market delivered in real time exchange closing prices and fundamental updates
  • Comprehensive coverage of all the major metals including steel, aluminum, ferroalloys, copper, and precious metal prices
  • Detailed market commentary and analysis covering industry developments and price discovery



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