The invention discloses a circulation hanging frame used for coiled products. The circulation hanging frame comprises an upper cross beam, a lower cross beam and multiple stand columns arranged between the upper cross beam and the lower cross beam, a frame used for containing the coiled products is defined by the upper cross beam, the lower cross beam and the stand columns, multiple movable bearing beams are arranged on a bottom frame formed by the lower cross beam in parallel, the coiled products are contained in the circulation hanging frame and are transferred to the reserved position alongwith the circulation hanging frame, through separation of the movable bearing beams and the bottom frame, the coiled products are separated from the circulation hanging frame, and unloading is finished. Through the simple inserting frame structure, large-batch stacking of the products can be achieved, the warehouse space is saved, transportation is convenient, the circulation hanging frame can adapt to different crane heights, a large amount of manpower is saved, and production cost is reduced.