Steel rose to 3,117 CNY/T on December 2, 2025, up 0.23% from the previous day. Over the past month, Steel's price has risen 1.30%, but it is still 7.09% 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 December of 2025.

In 2025, the price of reinforcment bars of 16 millimeters in Toronto and Vancouver amounted to 2,500 Canadian dollars per tonne. Meanwhile, structural steel universal l beams cost 4,500 Canadian dollars per tonne. The price of these steel building materials were the same in both cities.

This table contains 215 series, with data for years 1956 - 2013 (not all combinations necessarily have data for all years). This table contains data described by the following dimensions (Not all combinations are available): Geography (1 items: Canada ...), Commodities (215 items: Primary metal products; Iron and steel products; Primary steel products; Ferrosilicon ...).

In 2024, the Canadian hot-rolled steel products market decreased by -6.3% to $6.1B, falling for the second year in a row after two years of growth. Overall, consumption, however, continues to indicate a mild curtailment. Over the period under review, the market hit record highs at $7.8B in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

HRC Steel fell to 891.06 USD/T on December 2, 2025, down 0.88% from the previous day. Over the past month, HRC Steel's price has risen 5.08%, and is up 29.14% compared to the same time last year, 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.

Iron and Steel Price in Canada - 2023. Find the latest marketing data on the IndexBox platform.

Raw materials price index (RMPI) by North American Product Classification System (NAPCS) 2017 Version 2.0. Monthly data are available from January 1981. The table presents data for the most recent reference period and the last four periods. The base period for the index is (202001=100).

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

The Canada steel market attained a volume of 12.80 MMT in 2024. The market is expected to grow at a CAGR of 2.60% during the forecast period of 2025-2034. By 2034, the market is expected to reach 16.55 MMT.

Major public investments under federal and provincial infrastructure programs, including transit, bridges, highways, and energy, are fuelling healthy demand for structural and rebar-grade steel in Canada. Projects like the Ontario Line subway, Montréal’s REM network, and BC’s highway expansions are driving steel-intensive construction. Additionally, the Canada Infrastructure Bank and green public transit funding are accelerating steel usage in low-carbon infrastructure. This sustained pipeline of infrastructure builds ensures long-term demand stability for domestic steel producers, particularly in fabricated, coated, and reinforced forms.

The Canada steel market value is growing with rapidly adoption of electric arc furnaces (EAF) and exploration of hydrogen-based direct reduction to reduce emissions. These low-carbon approaches support Canada’s net-zero ambition by 2050. Investments in carbon capture further demonstrate the efforts of manufacturers to offer green steel that meets evolving regulatory and market demands. For instance, in October 2023, Swedish firm H2 Green Steel negotiated with Canadian officials to establish a green steel plant utilizing renewable energy and hydrogen in northern Quebec with a €3–6 billion investment.

Wholesale Prices in Canada increased to 146.10 points in September from 143.60 points in August of 2025. This dataset provides - Canada Raw Materials Prices- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Canada Commodity Price Index: Metals and Minerals data was reported at 882.930 Jan1972=100 in Apr 2025. This records an increase from the previous number of 876.330 Jan1972=100 for Mar 2025. Canada Commodity Price Index: Metals and Minerals data is updated monthly, averaging 293.930 Jan1972=100 from Jan 1972 (Median) to Apr 2025, with 640 observations. The data reached an all-time high of 1,076.840 Jan1972=100 in Apr 2022 and a record low of 100.000 Jan1972=100 in Jan 1972. Canada Commodity Price Index: Metals and Minerals data remains active status in CEIC and is reported by Bank of Canada. The data is categorized under Global Database’s Canada – Table CA.I025: Commodity Price Index: Jan1972=100: Monthly.

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.

The average hot-rolled free-cutting steel export price stood at $1,118 per ton in February 2025, almost unchanged from the previous month.

Industrial product price index (IPPI), by major product group by North American Product Classification System (NAPCS) 2017 Version 2.0. Monthly data are available from January 1956. The table presents data for the most recent reference period and the last four periods. The base period for the index is (202001=100).

Commodity Price Index: Agriculture data was reported at 330.640 Jan1972=100 in Oct 2025. This records a decrease from the previous number of 332.630 Jan1972=100 for Sep 2025. Commodity Price Index: Agriculture data is updated monthly, averaging 130.070 Jan1972=100 from Jan 1972 (Median) to Oct 2025, with 646 observations. The data reached an all-time high of 387.220 Jan1972=100 in May 2022 and a record low of 100.000 Jan1972=100 in Jan 1972. Commodity Price Index: Agriculture data remains active status in CEIC and is reported by Bank of Canada. The data is categorized under Global Database’s Canada – Table CA.I: Commodity Price Index: Jan1972=100: Monthly.

From January to December 2024, iron and steel manufacturing was at their lowest in January and December and fluctuated throughout the year. In July, Canada recorded the highest value of iron and steel mills and ferro-alloy production of more than ************* Canadian dollars.

Steel Production in Canada increased to 1070 Thousand Tonnes in December from 1035 Thousand Tonnes in November of 2020. This dataset has Steel Production values for Canada.

Steel Railway Material Price in Canada - 2023. Find the latest marketing data on the IndexBox platform.

For the third year in a row, the Canadian market for slabs, billets and blooms of iron and steel recorded decline in sales value, which decreased by -7.5% to $7.5B in 2024. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $9.2B. From 2022 to 2024, the growth of the market failed to regain momentum.

Canada Raw Materials Price Index: Metal ores, Concentrates & Scrap data was reported at 116.600 2010=100 in Sep 2020. This records a decrease from the previous number of 117.300 2010=100 for Aug 2020. Canada Raw Materials Price Index: Metal ores, Concentrates & Scrap data is updated monthly, averaging 97.700 2010=100 from Jan 2010 (Median) to Sep 2020, with 129 observations. The data reached an all-time high of 121.600 2010=100 in Feb 2011 and a record low of 79.500 2010=100 in Dec 2015. Canada Raw Materials Price Index: Metal ores, Concentrates & Scrap data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.I021: Raw Materials Price Index: 2010=100.