The invention relates to a hybrid rope having a core containing high modulus polyethylene (HMPE) yarns surrounded by an outer layer containing steel wire strands, wherein the core is coated with a plastomer, the plastomer being a semi-crystalline copolymer of ethylene or propylene and one or more C2 to C12 α-olefin co-monomers and the plastomer having a density as measured according to ISO1183 of between 870 and 930 kg/m3.