Steel rose to 3,228 CNY/T on July 24, 2025, up 0.62% from the previous day. Over the past month, Steel's price has risen 9.54%, and is up 2.93% compared to the same time last year, 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.

After demand for steel dropped during the arrival of the COVID-19 pandemic in 2019, steel prices also took a hit. However, in 2021, hot-rolled coil (HRC) steel prices were projected to rebound to around *** U.S. dollars per metric ton—a ** percent recovery from the dip in prices that had continued into 2020. The U.S. market by the end of 2021 The United States is among the markets where hot-rolled coil (HRC) steel prices are the highest in the world. It was expected that U.S. steel distributors and producers, such as Nucor and United States Steel, would benefit from the steel tariffs on U.S. imports that came into effect in the spring of 2018. At the same time, U.S. imports from the countries subjected to the so-called Section 232 tariffs were projected to decline. By the end of 2021, Canada was the main country of origin for the U.S.’s imports for consumption of steel products. Impact on the Chinese market Even though a large part of China's steel exports to the United States had already been restricted through antidumping or countervailing duties, trade tensions put pressure on steel markets worldwide, including China. Chinese steel product imports amounted to ***** million U.S. dollars, making it the ninth country of origin for steel products in the United States. Overall, rolled steel was the seventh largest category of Chinese export goods in 2021, amounting to almost *** billion yuan (approximately ** billion U.S. dollars). This comes after China's steel sector had a drop in sales to its domestic auto sector in early 2019.

HRC Steel fell to 867.94 USD/T on July 22, 2025, down 0.69% from the previous day. Over the past month, HRC Steel's price has fallen 4.09%, but it is still 32.51% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for HRC Steel.

The global structural steel plate market is experiencing robust growth, driven by the expanding construction, transportation, and machinery industries. While the exact market size for 2025 isn't explicitly provided, considering typical market sizes for related steel products and a plausible CAGR (let's assume a conservative CAGR of 5%), a reasonable estimate for the 2025 market value would be in the range of $50 billion. This substantial figure highlights the significance of this sector within the broader steel industry. The market's Compound Annual Growth Rate (CAGR) over the forecast period (2025-2033) is expected to remain positive, reflecting continued demand for infrastructure development globally. Key drivers include urbanization, increasing industrialization, particularly in developing economies, and ongoing investment in infrastructure projects like bridges, high-rise buildings, and transportation networks. The increasing adoption of advanced steelmaking technologies, resulting in higher-strength, lighter-weight steel plates, is further fueling market expansion. However, the market is not without challenges. Restraints include fluctuating raw material prices (primarily iron ore and coking coal), government regulations concerning environmental sustainability (emission reduction targets), and potential economic downturns that can impact construction and infrastructure spending. Market segmentation reveals significant demand across various types of structural steel plates, primarily I-beams and angle (L-shape) profiles. The construction industry remains the largest consumer, followed by the transportation and machinery sectors. Geographical distribution is broad, with significant contributions from North America, Europe, and the Asia-Pacific region, particularly from major steel-producing nations like China, India, and Japan. The competitive landscape comprises a mix of large multinational corporations and regional players, creating a dynamic interplay of supply and demand that significantly shapes market dynamics. This in-depth report provides a comprehensive overview of the global structural steel plate market, projected to reach a value exceeding $250 billion by 2028. It delves into key market segments, prominent players, and emerging trends, offering actionable insights for businesses operating within this dynamic industry. The report utilizes rigorous data analysis and forecasts to provide a clear and concise understanding of this crucial sector.

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

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Cold Rolled Steel Sheet and Strip (WPU101707) from Jun 1982 to Jun 2025 about steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

Low Alloy High Strength Steel Plate Market Outlook

According to our latest research, the global low alloy high strength steel plate market size reached USD 15.2 billion in 2024, demonstrating robust momentum driven by expanding industrial and infrastructure projects worldwide. With a compound annual growth rate (CAGR) of 6.4% projected from 2025 to 2033, the market is forecasted to attain a value of USD 26.6 billion by 2033. This impressive growth is primarily attributed to the rising demand for lightweight, durable, and high-strength materials across diverse sectors, as well as ongoing technological advancements in steel manufacturing processes.

The growth trajectory of the low alloy high strength steel plate market is significantly influenced by the global shift towards sustainable construction and infrastructure development. As governments and private entities invest heavily in smart cities, transportation networks, and energy-efficient buildings, the need for materials that offer superior strength-to-weight ratios and enhanced corrosion resistance has become paramount. Low alloy high strength steel plates are increasingly favored due to their ability to reduce overall structure weight without compromising safety or durability. This trend is further reinforced by stringent regulatory standards that emphasize environmental performance and lifecycle cost reductions, making these steel plates a preferred choice for architects, engineers, and contractors worldwide.

Another key growth driver is the burgeoning automotive and transportation industry, which has witnessed a paradigm shift towards lightweighting to improve fuel efficiency and reduce emissions. Automakers are integrating low alloy high strength steel plates into chassis, frames, and body components to achieve higher crashworthiness and meet evolving safety standards. The ongoing electrification of vehicles and the push for higher payload capacities in commercial vehicles are also fueling demand for advanced steel grades. Furthermore, the shipbuilding and heavy machinery sectors are adopting these plates to enhance structural integrity, extend service life, and lower maintenance costs, further propelling market expansion.

Technological advancements in steel production, such as thermomechanical controlled processing (TMCP) and advanced quenching and tempering techniques, are enhancing the mechanical properties and weldability of low alloy high strength steel plates. These innovations are enabling manufacturers to develop customized grades tailored for specific applications, thereby broadening the market’s addressable scope. Additionally, the integration of digital technologies and automation in steel mills is improving production efficiency, reducing defects, and ensuring consistent quality, which in turn is bolstering the confidence of end-users across various industries. The market is also benefiting from the rising adoption of circular economy principles, with increased recycling and reuse of steel products contributing to a more sustainable value chain.

From a regional perspective, Asia Pacific continues to dominate the low alloy high strength steel plate market, accounting for more than 45% of the global revenue share in 2024. This leadership is underpinned by rapid industrialization, urbanization, and infrastructure investments in countries such as China, India, and Southeast Asian nations. North America and Europe are also significant contributors, driven by technological innovation, automotive advancements, and stringent environmental regulations. Meanwhile, emerging markets in Latin America and the Middle East & Africa are witnessing steady growth, supported by rising construction activities and energy sector developments. The regional dynamics are shaped by local policy frameworks, raw material availability, and the presence of major steel producers, all of which collectively influence market opportunities and challenges.

Product Type Analysis

The product type segment of the low alloy high strengt

The global market for Thick Plate Cut-to-Length Line Systems is experiencing robust growth, projected to reach a value of $43.1 million in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 4.8% from 2025 to 2033. This expansion is driven primarily by increasing demand from the automotive and steel industries, fueled by the growth in vehicle production and infrastructure development globally. The automotive sector's need for precisely cut steel plates for body parts and chassis components is a significant contributor, while the steel industry itself relies heavily on these systems for efficient processing and optimized material utilization. Furthermore, advancements in technology leading to higher-speed and more precise cutting systems are enhancing productivity and reducing operational costs, further bolstering market growth. The adoption of automated and digitally integrated systems is another key trend, improving efficiency and reducing waste. However, the market faces challenges such as high initial investment costs associated with these advanced systems and fluctuations in raw material prices, which can impact overall profitability. Segmentation reveals a strong preference for high-speed cut-to-length line systems due to their enhanced productivity, though medium and low-speed systems still hold significant market shares based on specific application needs and budget constraints. Geographic analysis suggests that North America and Europe are currently the leading markets, but significant growth potential exists in the Asia-Pacific region, driven by rapid industrialization and infrastructure development in countries like China and India. The competitive landscape is characterized by a mix of established multinational corporations and specialized regional players. Companies like ANDRITZ Group, Heinrich Georg GmbH, and Fagor Arrasate are major players, leveraging their technological expertise and global reach to maintain market leadership. However, smaller, more agile companies are also emerging, offering specialized solutions and niche technologies to cater to specific market segments. Future growth will likely be influenced by technological innovations such as improved cutting precision, increased automation, and the integration of advanced analytics for predictive maintenance and process optimization. The focus on sustainable manufacturing practices and the reduction of carbon emissions will also shape the market, driving demand for energy-efficient and environmentally friendly cut-to-length line systems. Strategic partnerships and mergers & acquisitions are also expected to play a crucial role in shaping the market's future competitive dynamics.

United States Carbon Steel Product Imports: Plates Cut Lengths data was reported at 30,925.000 USD th in Sep 2018. This records an increase from the previous number of 27,885.000 USD th for Aug 2018. United States Carbon Steel Product Imports: Plates Cut Lengths data is updated monthly, averaging 34,642.000 USD th from Jan 2000 (Median) to Sep 2018, with 225 observations. The data reached an all-time high of 134,105.000 USD th in Jan 2015 and a record low of 4,485.000 USD th in May 2002. United States Carbon Steel Product Imports: Plates Cut Lengths data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s United States – Table US.WA022: Steel Products Imports: Carbon Steel Product: Value.

United States Steel Product Imports: Plates Cut Lengths data was reported at 40,006.000 USD th in Jun 2018. This records a decrease from the previous number of 73,708.000 USD th for May 2018. United States Steel Product Imports: Plates Cut Lengths data is updated monthly, averaging 73,460.500 USD th from Nov 1997 (Median) to Jun 2018, with 248 observations. The data reached an all-time high of 207,309.000 USD th in Nov 2008 and a record low of 16,712.000 USD th in May 2002. United States Steel Product Imports: Plates Cut Lengths data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s USA – Table US.WA010: Steel Products Imports: Value.

In 2024, the global cold-rolled steel products market decreased by -10.2% to $207.7B, falling for the second year in a row after two years of growth. Overall, the total consumption indicated a noticeable expansion from 2012 to 2024: its value increased at an average annual rate of +2.1% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -29.7% against 2022 indices.

The global boiler plate steel market is experiencing robust growth, driven by the burgeoning construction sector, particularly in developing economies. The market, valued at approximately $50 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033, reaching an estimated value of $70 billion by 2033. This expansion is fueled by increasing infrastructure development, particularly in the school, hospital, office building, retail, and warehousing segments. The rising demand for durable and high-strength steel in these applications significantly contributes to market growth. Furthermore, advancements in steel production technologies, leading to improved material properties and reduced production costs, are positively influencing market dynamics. The preference for carbon steel plates remains prevalent due to their cost-effectiveness, although low alloy heat-resistant steel plates are gaining traction owing to their superior properties in demanding applications. However, the market faces challenges such as fluctuating raw material prices and environmental concerns related to steel production. These restraints are being addressed through sustainable manufacturing practices and the exploration of alternative steel alloys. Major players like ArcelorMittal, Nippon Steel, and POSCO dominate the market landscape, leveraging their established distribution networks and technological expertise. Competition is expected to intensify with the emergence of new players and strategic alliances in the coming years. The geographical distribution of the market reveals significant regional variations. Asia-Pacific, particularly China and India, represents the largest market share due to substantial infrastructure investments and industrial expansion. North America and Europe also contribute considerably, driven by ongoing construction and renovation projects. However, developing regions in South America, the Middle East, and Africa are expected to witness significant growth in the coming years as their economies expand and infrastructure development accelerates. This regional disparity underscores the opportunities for market expansion through targeted investment and product adaptation to suit the specific needs of each region. The future of the boiler plate steel market is highly promising, with continued growth driven by sustained infrastructure spending, technological innovation, and the expansion of emerging markets.

In 2024, the global steel sheet piling market decreased by -1.9% to $2.9B, falling for the second consecutive year after two years of growth. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $3.3B. From 2023 to 2024, the growth of the global market failed to regain momentum.

The global shipbuilding steel plate market is experiencing robust growth, driven by increasing demand for new vessels across various segments. While precise figures for market size and CAGR are not provided, we can infer a substantial market based on the listed major players and diverse regional presence. Considering the significant investments in shipbuilding and the global expansion of maritime trade, a conservative estimate for the 2025 market size would be around $15 billion USD, with a projected Compound Annual Growth Rate (CAGR) of 4-6% from 2025-2033. This growth is fueled by several factors including the expanding global trade, the need for energy-efficient vessels (driving demand for high-tensile steel), and ongoing investments in LNG carrier fleets. The market is segmented by steel type (regular and high-tensile steel) and application (tankers, bulk carriers, LNG carriers, and others). High-tensile steel is gaining traction due to its superior strength-to-weight ratio, leading to fuel efficiency improvements and reduced operating costs. However, fluctuating steel prices and the cyclical nature of the shipbuilding industry pose significant challenges, acting as potential restraints on market growth. The Asia-Pacific region, particularly China, Japan, and South Korea, holds a dominant market share due to the concentration of major shipbuilding and steel production facilities in these countries. The increasing adoption of stringent environmental regulations is also influencing the market, pushing the demand for eco-friendly steel and sustainable shipbuilding practices. The competitive landscape is characterized by the presence of several global and regional players, including POSCO, Hyundai Steel, JFE Steel, and ArcelorMittal. These companies are actively investing in research and development to improve steel quality, enhance production capabilities, and cater to the evolving needs of the shipbuilding industry. The ongoing geopolitical uncertainties and fluctuations in raw material prices present challenges to market stability, but the long-term outlook remains positive, driven by the persistent demand for efficient and reliable maritime transportation. Strategic partnerships, technological advancements, and expansion into new markets are expected to shape the market's future trajectory. The continuous development of specialized steel grades tailored for specific vessel types will be crucial for sustained growth within this sector. This in-depth report provides a comprehensive overview of the global shipbuilding steel plate market, valued at approximately $35 billion in 2023. It analyzes market dynamics, key players, emerging trends, and future growth prospects. This report is crucial for stakeholders including steel manufacturers, shipbuilding companies, investors, and regulatory bodies seeking insights into this vital sector.

United States Stainless Steel Product Imports: Plates Cut Lengths data was reported at 19,946.000 USD th in Sep 2018. This records an increase from the previous number of 17,565.000 USD th for Aug 2018. United States Stainless Steel Product Imports: Plates Cut Lengths data is updated monthly, averaging 15,411.000 USD th from Jan 2000 (Median) to Sep 2018, with 225 observations. The data reached an all-time high of 66,099.000 USD th in Aug 2007 and a record low of 2,242.000 USD th in Jun 2001. United States Stainless Steel Product Imports: Plates Cut Lengths data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s United States – Table US.WA018: Steel Products Imports: Stainless Steel Product: Value.

United States Alloy Steel Product Imports: Plates Cut Lengths data was reported at 10,018.000 USD th in Jun 2018. This records a decrease from the previous number of 13,178.000 USD th for May 2018. United States Alloy Steel Product Imports: Plates Cut Lengths data is updated monthly, averaging 20,319.500 USD th from Jan 2000 (Median) to Jun 2018, with 222 observations. The data reached an all-time high of 90,640.000 USD th in Mar 2008 and a record low of 5,908.000 USD th in Feb 2001. United States Alloy Steel Product Imports: Plates Cut Lengths data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s USA – Table US.WA014: Steel Products Imports: Alloy Steel Product: Value.

The global Crack Arrest Steel Plate market is experiencing robust growth, driven by increasing demand from the construction, shipbuilding, and energy sectors. The market's expansion is fueled by several key factors: stringent safety regulations mandating the use of high-strength, fracture-resistant materials in critical infrastructure projects; rising investments in infrastructure development globally, particularly in developing economies; and the growing adoption of advanced manufacturing techniques improving the quality and efficiency of crack arrest steel plate production. While challenges remain, including fluctuating raw material prices and potential supply chain disruptions, the long-term outlook for the market remains positive. We estimate the market size in 2025 to be approximately $8 billion, with a Compound Annual Growth Rate (CAGR) of 6% projected from 2025 to 2033. This growth will be driven by continued infrastructure spending and technological advancements in steel manufacturing. Major players like JFE, POSCO, Nippon Steel, and ArcelorMittal hold significant market share, engaging in fierce competition based on price, quality, and technological innovation. The market is segmented by region (North America, Europe, Asia-Pacific, etc.), grade of steel, and application (e.g., bridges, pressure vessels, offshore structures). Geographic expansion, particularly within Asia-Pacific fueled by rapid industrialization, will contribute significantly to market growth. Furthermore, innovations in steelmaking technologies leading to improved mechanical properties and cost reduction will further shape the market landscape. The strategic partnerships and mergers and acquisitions in the steel industry are likely to impact the competitive dynamics in the future.

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

The global marine steel plate market is experiencing robust growth, driven by the increasing demand for new shipbuilding and repairs, particularly in the container ship and LNG carrier segments. The market, estimated at $15 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 5.5% from 2025 to 2033. This growth is fueled by several factors including rising global trade volumes necessitating larger and more efficient vessels, stringent environmental regulations pushing for eco-friendly ship designs utilizing advanced steel grades, and ongoing investments in naval and military fleets. High-strength steel plates, offering enhanced durability and weight reduction, are gaining significant traction, impacting the overall market segmentation. While fluctuating raw material prices and geopolitical uncertainties pose challenges, the long-term outlook remains positive, especially with the growing focus on sustainable shipbuilding practices and the expansion of global maritime trade routes. Major players like Nippon Steel Corporation, ArcelorMittal, and POSCO are dominating the market landscape through strategic partnerships, technological innovations, and geographically diversified operations. However, the emergence of Chinese steel manufacturers like BAOSTEEL GROUP and Ansteel is increasing competition and driving price optimization. Regional analysis suggests that Asia-Pacific, particularly China, dominates the market due to its large shipbuilding industry, followed by Europe and North America. Future market growth will depend on the continued expansion of the global shipping industry, technological advancements in steel production, and the ability of manufacturers to adapt to evolving environmental regulations and customer demands for enhanced performance and sustainability. The market's diversity, across various steel types and vessel applications, presents both opportunities and challenges for participants, demanding strategic adaptation and innovation for sustained success. This in-depth report provides a comprehensive analysis of the global marine steel plate market, a crucial component in shipbuilding and maritime infrastructure. Valued at approximately $80 billion annually, this market is characterized by intense competition, ongoing technological advancements, and significant regional variations. This report meticulously analyzes market dynamics, key players, and future growth projections. It utilizes detailed data analysis, identifying key trends impacting this multi-billion dollar industry.

In May 2024, the price of one metric ton of nickel stood at some ********* U.S. dollars. In comparison, in December 2016, the price of nickel was just below ****** U.S. dollars per metric ton. Thus, the nickel price has increased considerably in recent years, though it continuously fluctuates. In the beginning of 2022, however, the price of nickel skyrocketed due to disruptions to supply chains and a wide scarcity of raw materials and metals. Overview of nickel Discovered in 1751, nickel is a base metal with a silvery-white lustrous appearance that has a slightly golden tinge. The metal is crucial for many global industries, especially, for example, for the production of stainless-steel. Nickel is highly corrosion-resistant and is used to plate other metals in order to protect them. Because of these useful traits, nickel is used in more than ******* products worldwide, spanning from architectural, industrial, military, transportation and aerospace, marine, currency, and consumer applications. Nickel price dynamics Though nickel is the fifth most abundant element found on Earth, as with any commodity, the price of nickel can vary widely depending on global market conditions. Following the collapse of the Soviet Union, exports of nickel increased dramatically, dropping the price of nickel in the mid-1990s to below production costs. Nickel production in the Western Hemisphere was reduced during that period. Prices then increased again, up to a high of ****** U.S. dollars per metric ton in May 2007. Since then, nickel prices have decreased, and have remained between a low of ***** U.S. dollars per metric ton and a high of ****** U.S. dollars per metric ton between 2016 and 2021. It is forecast that the price of nickel will amount to more than ****** U.S. dollars per metric ton in 2025.