Get the latest insights on price movement and trend analysis of Stainless Steel (316) in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Steel rose to 3,110 CNY/T on July 17, 2025, up 0.81% from the previous day. Over the past month, Steel's price has risen 5.32%, but it is still 4.51% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Steel - values, historical data, forecasts and news - updated on July of 2025.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Steel Pipe and Tube, Stainless Steel (WPU10170674) from Dec 2010 to Jun 2025 about steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

Stainless steel prices fell in 2024 due to oversupply and weak demand; 2025 outlook signals further declines amid market saturation.

The Wholesale Price Index of semi finished stainless steel across India during financial year 2024 was around ***. The price index of stainless steel increased by about ** percent from the base financial year of 2012. A huge increase in the index value of the stainless steel was seen in 2022.

Get the latest insights on price movement and trend analysis of Stainless Steel Plate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

In the second quarter of financial year 2025, the cost of a 16 mm steel bar in the Indian cities of Chennai and Hyderabad reached ** Indian rupees per kilogram. However, in Delhi, the steel was slightly more affordable. Compared to the previous year, there was a noticeable increase in steel prices across all cities. The significant uptick in the cost of steel in India towards the end of 2020, was believed to be a result of China’s increased demand for Indian iron ore. Crude steel India’s crude steel production has been growing steadily, with the basic oxygen furnace (BOF) being the preferred production method. While both private and public sector companies contribute to this production, the private sector, dominates the market. JSW Steel, in particular, has the highest production capacity in India, contributing significantly to the country’s position as the world’s second-largest producer of steel. Steel consumption in India Steel consumption in India has been on a steady rise, with the country’s rapid industrialization and development in sectors such as construction, automobile, and infrastructure. This upward trend in steel consumption is estimated to persist, with an annual growth rate of **** percent in fiscal year 2024.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

The global market for Vacuum Insulated Transfer Hoses (VIT hoses) is experiencing robust growth, driven by increasing demand across diverse sectors. The rising adoption of cryogenic technologies in industries such as LNG transportation and storage, pharmaceutical manufacturing (especially for vaccine and drug transportation), and food and beverage processing (for efficient cold chain logistics) is a major catalyst. Furthermore, the stringent regulations concerning product safety and efficiency in handling cryogenic fluids are compelling businesses to adopt VIT hoses for their superior insulation properties and reduced boil-off rates, leading to cost savings and environmental benefits. The market is segmented by application (General Industrial, LNG, Food and Beverage, Pharmaceutical and Medical, Electronic and Semiconductor, Others) and material type (304 Stainless Steel, 316 Stainless Steel). While 304 stainless steel currently dominates due to its cost-effectiveness, the demand for 316 stainless steel is growing rapidly, driven by its superior corrosion resistance, making it ideal for demanding applications like LNG handling. North America and Europe currently hold significant market share, but the Asia-Pacific region, particularly China and India, is anticipated to show the most significant growth potential over the forecast period due to the rapidly expanding industrialization and infrastructure development. Several factors pose challenges to market expansion. High initial investment costs associated with VIT hose technology may restrict adoption, particularly among smaller companies. The need for specialized handling and maintenance procedures also presents a barrier to entry. Competitive pressures from alternative technologies and the availability of substitute materials require manufacturers to constantly innovate and improve their product offerings. However, ongoing advancements in materials science and manufacturing techniques are expected to address some of these challenges, further bolstering market growth. The forecast period of 2025-2033 projects a continued expansion driven by the factors discussed, with specific growth rates varying across segments and regions based on individual market dynamics and adoption rates.