Steel fell to 3,057 CNY/T on September 5, 2025, down 0.03% from the previous day. Over the past month, Steel's price has fallen 5.50%, but it is still 3.49% higher 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 September of 2025.

In December 2024, the producer price index (PPI) value of steel beams and sections was measured at 133.7 across six capital cities in Australia. The highest PPI recorded in the given time period was in September 2022. Producer price indexes are used to measure the price change of products, goods, and services during the production process.

Cold-Rolled Steel Products Price in Australia - 2023. Find the latest marketing data on the IndexBox platform.

HRC Steel fell to 799.94 USD/T on September 5, 2025, down 0.01% from the previous day. Over the past month, HRC Steel's price has fallen 5.11%, but it is still 14.28% 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.

This report analyses the domestic price of iron and steel. The data used for the report is the producer price index (PPI) for iron smelting and steel manufacturing, which is defined as the amount received by producers excluding taxes. This report uses data sourced from the Australian Bureau of Statistics and is measured in index points, with a base of 100 points in 2011-12.

In December 2024, the producer price index (PPI) of reinforcing steel was measured at 141.4 index points across six capital cities in Australia.This represented a decline from the previous year, which had 148.4 index points in December 2023.

The Iron Smelting and Steel Manufacturing industry has faced fluctuating demand and economic pressures, especially from the construction and mining sectors. While construction market volatility has dampened demand for steel products in residential and infrastructure projects, the mining sector has provided some stability. Rising demand for steel in iron ore, gold and copper mining has offset some of the losses in the construction sector. However, challenges persist. The declining world price of steel and rising costs for inputs, including iron ore and coking coal, are weakening profit. These price fluctuations have resulted in heightened industry consolidation and reduced competition. Manufacturers have been under pressure to innovate as automation and AI adoption become critical to maintaining operational efficiency. The industry is also adjusting to stricter environmental regulations and rising demand for sustainable products, with manufacturers increasingly shifting towards green steel production practices. Industry revenue is expected to have dipped at an annualised 0.7% over the five years through 2024-25, to $15.9 billion. This trend includes an anticipated plummet of 10.3% in 2024-25, primarily driven by fierce competition from low-cost imports from countries like China (which offer competitive pricing but raise concerns about quality and regulatory compliance), alongside rising production costs, reduced construction activity and the costly shift towards sustainable, low-carbon technologies. Changes in trade policies and ongoing global technological advancements are also continuously shaping market conditions, making imported steel products more competitive and influencing industry strategies and investments. In the coming years, increasing investments in infrastructure, the growing adoption of sustainable practices and rising global demand for green steel will underpin a recovery in revenue. With the government's Infrastructure Investment Project expanding, particularly in transport and renewable energy projects, steel consumption is projected to rise, especially for structural components, reinforcing bars and prefabricated steel. This trend will benefit manufacturers that invest in automation, green technologies and expansions to production capacities to meet growing demand. In line with global sustainability trends, steel producers are set to adopt low-carbon technologies to align with government initiatives and international regulations. Input costs are projected to stabilise. However, domestic manufacturers will contend with import competition and global supply chain disruptions, which may continue to affect price stability and project timelines. Overall, revenue is forecast to climb at an annualised 2.2% over the five years through 2029-30, to reach $17.8 billion.

Australia Commodity Price Index: Weights: Base Metals data was reported at 9.600 % in Feb 2013. This stayed constant from the previous number of 9.600 % for Jan 2013. Australia Commodity Price Index: Weights: Base Metals data is updated monthly, averaging 9.600 % from Feb 2008 (Median) to Feb 2013, with 61 observations. The data reached an all-time high of 9.600 % in Feb 2013 and a record low of 6.800 % in Aug 2009. Australia Commodity Price Index: Weights: Base Metals data remains active status in CEIC and is reported by Reserve Bank of Australia. The data is categorized under Global Database’s Australia – Table AU.I051: Commodity Price Index: Weights (Old).

Steel Production in Australia increased to 473.11 Thousand Tonnes in December from 449.78 Thousand Tonnes in November of 2020. This dataset has Steel Production values for Australia.

In 2024, the producer price index (PPI) for iron and steel in Japan stood at *** index points on average, decreasing from ****** points in the previous year. The lowest producer price of iron and steel within the preceding decade was in 2016, with a PPI of ***** points. What determines the price of steel products? Steelmaking requires several raw materials and plenty of energy. Japan has hardly any significant resources to satisfy either demand domestically. Therefore, the country imports iron ore and coking coal, the crucial raw materials needed to produce steel by using blast furnaces. Accordingly, the price depends on the overall energy price and a steady raw material supply – primarily from Australia. For recycling, steel scrap can be added to a certain degree within the conventional process or re-melted in electric arc furnaces. The latter process entails high electricity consumption, making recycled steel of this kind expensive. Carbon-neutral steel: a matter of price Ample carbon emissions are caused by removing excess carbon left from the carbon-based reduction of the iron oxides. Consequently, one strategy is to adjust steel plants to carbon-neutral reducing agents, such as green or blue hydrogen. Carbon capture, usage, and storage (CCUS), still in development, could offset further emissions on top.The trade-off for implementing these measures and using sustainable energy had called for a gradual transition. Ironically, the latest price increases in fossil fuels could spur ecological investments even more than the contested CO2-emission-based premium included in the petroleum and coal tax.

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Carbon Steel Market Size 2025-2029

The carbon steel market size is forecast to increase by USD 197.5 billion, at a CAGR of 3.3% between 2024 and 2029.

The market is experiencing significant growth, driven primarily by the expanding construction industry. This sector's increasing demand for durable and cost-effective steel solutions is fueling market expansion. Additionally, there is a rising trend towards sustainable manufacturing practices, as companies seek to reduce their environmental footprint and improve their social responsibility. However, the market faces challenges due to the volatility of raw material prices, which can significantly impact production costs and profitability. Environmental conditions necessitate the use of anti-corrosion coatings, further bolstering market demand.
As such, market participants must navigate this price instability while continuing to meet customer demands and maintain competitive pricing. Companies that successfully manage these dynamics and innovate to meet evolving customer needs will be well-positioned to capitalize on the market's growth opportunities. From the hot rolling process to the final product, every stage of carbon steel production is meticulously controlled to ensure the highest quality and performance. Volatile prices of raw materials, such as iron ore and coal, pose a significant threat to market growth.

What will be the Size of the Carbon Steel Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, driven by advancements in steel manufacturing processes and the diverse applications of this versatile material across various sectors. The hot rolling process and continuous casting technique have revolutionized steel production, enabling the mass production of high strength steel with superior mechanical properties. For instance, the adoption of high strength steel in the automotive industry has led to a significant increase in fuel efficiency and reduced emissions. The steel manufacturing process undergoes rigorous testing to ensure adherence to material specification standards.

Impact toughness testing, surface hardness testing, and corrosion resistance rating assessment are essential to evaluate the steel's performance under various conditions. Carbon steel alloying, annealing temperature control, and heat treatment processes like quenching and tempering are crucial in optimizing the steel's mechanical properties. Non-destructive testing methods, such as ultrasonic testing and X-ray inspection, are employed to ensure product quality and reliability. The electric arc furnace and basic oxygen furnace are integral to the steelmaking process, reducing iron ore to molten steel. Steel microstructure analysis and chemical composition analysis are essential in understanding the steel's behavior during manufacturing and its final properties.

The market is a dynamic and ever-evolving industry, driven by advancements in steel manufacturing processes and the diverse applications of this versatile material.

How is this Carbon Steel Industry segmented?

The carbon steel industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Construction
  Shipbuilding
  Automotive
  Transportation
  Others


Type

  Low carbon steel
  Medium carbon steel
  High carbon steel


Form Factor

  Flat products
  Long products
  Tubular products


Geography

  North America

    US


  Europe

    France
    Germany
    Italy
    UK


  APAC

    Australia
    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By End-user Insights

The Construction segment is estimated to witness significant growth during the forecast period. Carbon steel, a key component in various industries, undergoes a intricate manufacturing process that includes hot rolling, steel manufacturing, and alloying with elements like manganese and silicon for high strength steel. Post-production, processes such as galvanizing, impact toughness testing, and surface hardness testing ensure the steel meets specifications. The steel industry's growth is driven by construction, which accounted for the largest market share in 2024, with a steady expansion of residential and commercial buildings globally. High-rise structures, tech parks, and infrastructure projects necessitate carbon steel's use due to its superior mechanical properties, including yield strength and tensile strength. Carbon steel tubes have gained significant traction in Europe due to the increasing demand from various end-user industries, including oil and gas, power generation, and infrastructure.

The

Stainless Steel Angle Price in Australia - 2023. Find the latest marketing data on the IndexBox platform.

Imports of - Iron & Steel in Australia increased to 571 AUD Million in February from 443 AUD Million in January of 2024. This dataset includes a chart with historical data for Australia Imports of - Iron & Steel.

In 2024, iron ore was worth an average of approximately *** U.S. dollars per dry metric ton unit (dmtu), compared to only ** U.S. dollars per dmtu in 2000. The month with the highest average iron ore price in 2021 was June, at over *** U.S. dollars per dmtu. Iron ore: market context and price fluctuation Iron ore is composed of minerals and rocks from which metallic iron can be extracted. Iron ore is an important part of the world economy, as a large proportion of iron ore is used to make steel, which is a widely used material globally. In a given year, the monthly price of iron ore varies noticeably, ranging for example from a high of ****** U.S. dollars per dmtu in June 2021 down to a low of ***** U.S. dollars per dmtu in November 2021. Major iron ore producing nations Australia has the world's largest iron ore reserves, at ** billion metric tons of crude iron ore and is also the world's largest producer of iron ore. Not surprisingly, China, the world's leading steel manufacturer, is also the world's leading importer of iron. In recent years, China's iron imports have increased significantly, from ****** million metric tons in 2004, to over *** billion metric tons in 2018.

Learn about the expected growth in the Australian steel market over the next decade, driven by increasing demand for raw steel and steel semi-finished products. Market volume is projected to reach 6M tons and market value to reach $4.2B by the end of 2035.

The Australian hot-rolled steel products market plummeted to $1.3B in 2024, declining by -20% against the previous year. Overall, consumption continues to indicate a abrupt contraction. Over the period under review, the market hit record highs at $2.7B in 2012; however, from 2013 to 2024, consumption remained at a lower figure.

Iron Ore fell to 104.49 USD/T on September 5, 2025, down 0.04% from the previous day. Over the past month, Iron Ore's price has risen 3.54%, and is up 14.06% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Iron Ore - values, historical data, forecasts and news - updated on September of 2025.

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The high strength steel market share is expected to increase by USD 14.51 million from 2019 to 2024, and the market’s growth momentum will accelerate at a CAGR of 10.14%

This high strength steel market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers high strength steel market segmentation by application (automotive, construction, aviation, and others) and geography (APAC, North America, Europe, South America, and MEA). The high strength steel market report also offers information on several market vendors, including ArcelorMittal SA, Essar Steel India Ltd., HBIS Group Co. Ltd., Hyundai Steel Co., JSW STEEL Ltd., Nippon Steel Corp., Nucor Corp., POSCO, Tata Steel Ltd., and United States Steel Corp. among others.

What will the High Strength Steel Market Size be During the Forecast Period?

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High Strength Steel Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The growing demand for high strength steel in the automobile industry is notably driving the high-strength steel market growth, although factors such as the volatile prices of raw materials may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the high strength steel industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key High Strength Steel Market Driver

The growing demand for high-quality automobile components is one of the major factors driving the market growth. Because of the performance of high-strength steel in comparison to low and mild-strength steel, automotive manufacturers mainly prefer high-strength steel over mild-strength steel for manufacturing vehicle components that find applications for indoor beams, chassis, bumpers, and cross-members and seating. With the increasing growth of the automotive industry, this demand for manufacturing high-quality components will significantly fuel the growth of the high-strength steel market.

Key High Strength Steel Market Trend

The rising demand in the wind energy sector is another factor supporting the high-strength steel market growth. The demand for renewable energy is growing with the rise in environmental concerns. The wind energy sector is growing with the increasing establishment of wind turbines and is expected to surpass other sources of renewable power generation. The rising global demand for wind energy for the generation of electricity has increased the demand for more installation of wind turbines. The components of wind turbines require high-strength materials for better performance and extended service life. AHSS is used in manufacturing different parts of turbines, including towers, gearboxes, and motor houses. Therefore, the increasing installation of wind turbines will drive the demand for high-strength steel.

Key High Strength Steel Market Challenge

The volatile prices of raw materials will be a major challenge for the high-strength steel market during the forecast period. In the past few years, the prices of iron ore witnessed major fluctuations, which has affected the prices of crude steel and finished steel products. Although the demand for steel is increasing in the automotive, construction, marine, aviation, and other industries, the fluctuating prices of raw materials are hampering the growth of the steel market. The fluctuating prices of iron ore are attributed to the mining disruptions in Australia and Brazil. The disruptions have also reduced the steel import rate in China as the shipments from both Australia and Brazil have decreased significantly. In addition, owing to revised environmental policies, China is expected to restrict its steel production, which will increase the prices of iron ore and steel. Therefore, the increase in the prices of steel is expected to limit the growth of the global AHSS market during the forecast period.

This high-strength steel market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global high-strength steel market as a part of the global steel market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the high-strength

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).

Australia Import Price Index: SITC: Manufactured Goods Classified Chiefly By Material: Iron & Steel data was reported at 168.900 1989-1990=100 in Jun 2012. This records a decrease from the previous number of 172.200 1989-1990=100 for Mar 2012. Australia Import Price Index: SITC: Manufactured Goods Classified Chiefly By Material: Iron & Steel data is updated quarterly, averaging 106.000 1989-1990=100 from Jun 1983 (Median) to Jun 2012, with 117 observations. The data reached an all-time high of 229.400 1989-1990=100 in Dec 2008 and a record low of 57.200 1989-1990=100 in Mar 1984. Australia Import Price Index: SITC: Manufactured Goods Classified Chiefly By Material: Iron & Steel data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.I054: Import Price Index: SITC: 1989-90=100.