Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Carbon Steel Scrap (WPS101211) from Jan 1997 to May 2025 about steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

Steel rose to 3,050 CNY/T on July 3, 2025, up 0.66% from the previous day. Over the past month, Steel's price has risen 2.94%, but it is still 10.53% 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: Carbon Steel Castings, Except Investment (WPU10150701) from Dec 2003 to May 2025 about steel, investment, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

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Carbon Steel Market Size 2024-2028

The carbon steel market size is forecast to increase by USD 187.59 billion at a CAGR of 3.58% between 2023 and 2028.

The market is experiencing significant growth, driven primarily by the increasing demand in the construction industry for its durability and cost-effectiveness. This sector's expansion is further fueled by the global shift towards sustainable manufacturing practices, as carbon steel's production process emits less greenhouse gases compared to other steel types. However, the market is not without challenges. Volatile prices of raw materials, such as iron ore and coal, pose a significant threat to market growth. Producers must navigate these price fluctuations to maintain profitability and remain competitive. To capitalize on market opportunities and navigate challenges effectively, companies must focus on operational efficiency, supply chain optimization, and strategic sourcing of raw materials. Additionally, investments in research and development to improve production processes and create value-added products can differentiate market players and provide a competitive edge. Overall, the market presents a compelling growth opportunity for investors and businesses, with the potential for significant returns in the long term.

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

Request Free SampleCarbon steel, a fundamental component in construction and engineering, continues to shape industries with its versatile properties and evolving trends. Steel architecture's growth is driven by stringent safety standards and advanced forming processes, leading to innovative product development. Traceability and certification are crucial in ensuring steel's quality and reliability, while R&D and collaborations propel industry 4.0 and circular economy initiatives. Microstructure analysis and inspection standards play a pivotal role in enhancing steel's performance and sustainability. Simulation, testing methods, and optimization software facilitate efficient manufacturing processes and smart steel applications. Industry associations and partnerships foster knowledge exchange and digitalization, enabling a competitive market landscape. Steel's investment potential lies in its versatility, as it adapts to various engineering applications and welding processes. Sustainability initiatives and quality control measures further strengthen its appeal. Green steel, a promising trend, focuses on reducing carbon emissions and improving overall environmental impact. In the realm of steel manufacturing, collaboration, innovation, and adherence to industry standards are key to staying competitive. The future holds exciting possibilities as steel continues to adapt and evolve, offering endless opportunities for businesses.

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 2024-2028, as well as historical data from 2018-2022 for the following segments. End-userConstructionShipbuildingAutomotiveTransportationOthersTypeLow carbon steelMedium carbon steelHigh carbon steelProductLong SteelFlat SteelTubular SteelGeographyAPACChinaIndiaJapanEuropeFranceGermanyItalyUKNorth AmericaUSCanadaMiddle East and AfricaEgyptKSAOmanUAESouth AmericaArgentinaBrazil

By End-user Insights

The construction segment is estimated to witness significant growth during the forecast period.Carbon steel plays a pivotal role in various industries, including construction, manufacturing, energy, and transportation. In the construction sector, carbon steel's high strength and ductility make it an ideal choice for constructing high-rise buildings, tech parks, roads, highways, bridges, and other infrastructure projects. The global construction industry is experiencing moderate growth, driven by the increasing demand for residential and commercial buildings worldwide. Heavy equipment and industrial machinery also rely heavily on carbon steel for their manufacturing due to its heat resistance and wear resistance. The energy sector utilizes carbon steel pipes and plates for their high strength-to-weight ratio and corrosion resistance, making them suitable for transporting oil and gas. Steel manufacturers employ various processes such as forming, finishing, optimization, and recycling to produce different grades of carbon steel, including high strength steel, stainless steel, and alloy steel. These grades cater to diverse applications, including automotive, aerospace, and advanced technology industries. Steel suppliers and distributors play a crucial role in the steel supply chain by ensuring timely delivery of steel products to various industries. Steel prices are influenced by several factors, including production costs, demand, and market conditions. Steel research an

China Transaction Price: 36 City Avg: Carbon Steel: 80mm, 45# data was reported at 3,970.470 RMB/Ton in Mar 2025. This records a decrease from the previous number of 4,017.660 RMB/Ton for Feb 2025. China Transaction Price: 36 City Avg: Carbon Steel: 80mm, 45# data is updated monthly, averaging 4,374.500 RMB/Ton from Dec 2011 (Median) to Mar 2025, with 160 observations. The data reached an all-time high of 6,142.010 RMB/Ton in May 2021 and a record low of 2,453.000 RMB/Ton in Dec 2015. China Transaction Price: 36 City Avg: Carbon Steel: 80mm, 45# data remains active status in CEIC and is reported by Price Monitoring Center, NDRC. The data is categorized under China Premium Database’s Price – Table CN.PG: Steel Price.

HRC Steel fell to 883 USD/T on July 3, 2025, down 0.23% from the previous day. Over the past month, HRC Steel's price has risen 1.26%, and is up 32.77% 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.

In 2023, the average selling prince of South Korean steel works company POSCO's carbon steel amounted to around 1.02 million South Korean won per metric ton. This was a slight decrease compared to the previous year, but still represented the second-highest number of the past decade.

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).

United States - Producer Price Index by Commodity: Metals and Metal Products: Carbon Steel Scrap was 470.61700 Index Dec 1986=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Carbon Steel Scrap reached a record high of 786.56400 in April of 2022 and a record low of 97.70000 in April of 1987. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Metals and Metal Products: Carbon Steel Scrap - last updated from the United States Federal Reserve on July of 2025.

The global flat carbon steel market, valued at $842.06 million in 2025, is projected to experience steady growth, driven primarily by the burgeoning construction and infrastructure sectors globally. Increased urbanization and infrastructure development initiatives in developing economies like India and China are significantly boosting demand for flat carbon steel in building applications. The automotive and transportation industry, another key consumer, is witnessing growth fueled by rising vehicle production and the increasing adoption of lightweighting technologies in automobiles to improve fuel efficiency. While the mechanical equipment segment contributes considerably, its growth is somewhat moderated by cyclical fluctuations in industrial production. The market is segmented by type into low, medium, and high carbon steel, with low carbon steel dominating due to its cost-effectiveness and suitability for a wide range of applications. However, the demand for high-carbon steel is also growing, driven by its superior strength properties, primarily in specialized applications within the automotive and infrastructure industries. Growth restraints include fluctuating raw material prices (iron ore, coking coal), stringent environmental regulations leading to higher production costs, and geopolitical uncertainties impacting global trade. Despite these challenges, the market's overall trajectory remains positive. The anticipated growth is further influenced by technological advancements in steel production aiming for improved efficiency and sustainability, such as the development of advanced high-strength steels that minimize material usage without compromising structural integrity. This leads to cost reductions and improved environmental performance, making flat carbon steel a competitive option despite rising raw material and regulatory pressures. Major players like Tata Steel, ArcelorMittal, United States Steel Corporation, and Voestalpine are actively engaged in strategic initiatives such as mergers, acquisitions, and capacity expansions to meet the evolving market demands and maintain their competitive edge.

Explore the factors influencing the pricing of carbon steel sheets, including supply and demand, raw material costs, trade policies, energy expenses, and technological advancements, to help industries make informed purchasing decisions.

United States - Producer Price Index by Industry: Steel Foundries, Except Investment: Carbon Steel Castings, Except Investment was 305.51500 Index Jun 1981=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Steel Foundries, Except Investment: Carbon Steel Castings, Except Investment reached a record high of 311.75800 in May of 2024 and a record low of 100.00000 in June of 1981. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Steel Foundries, Except Investment: Carbon Steel Castings, Except Investment - last updated from the United States Federal Reserve on July of 2025.

Explore the factors influencing the cost of steel plates per pound, including market conditions, material grade, and processing requirements. Understand how global economic conditions and industry demand affect pricing, with carbon steel ranging from $0.30 to $1.00 per pound and stainless steel from $2.00 to $3.00. Stay informed for competitive pricing strategies.

Carbon Steel Market Outlook

The global carbon steel market size was valued at approximately USD 900 billion in 2023 and is projected to grow to around USD 1.2 trillion by 2032, registering a compound annual growth rate (CAGR) of 3.3% during the forecast period. The market's growth is primarily driven by the extensive use of carbon steel in various sectors, such as construction, automotive, and machinery. Its durability, malleability, and cost-effectiveness make it a preferred choice in multiple industries, thereby fueling the demand for carbon steel. The continuous advancements in carbon steel manufacturing processes and the increasing focus on infrastructure development globally are significant factors contributing to the market's robust growth.

The construction industry remains a pivotal growth factor for the carbon steel market. With the rapid urbanization and infrastructure development observed worldwide, especially in emerging economies, the demand for durable and cost-effective building materials such as carbon steel has escalated. Carbon steel is widely employed in the construction of skyscrapers, bridges, and residential buildings due to its strength and flexibility. Additionally, governments and private sectors are investing heavily in infrastructure projects to enhance connectivity and urban lifestyles, further bolstering the growth of the carbon steel market. The adoption of green building practices, where steel is recycled and reused, also aligns with sustainability goals, thus positively impacting market dynamics.

The automotive industry is another significant driver of the carbon steel market. As the demand for lightweight, efficient, and sustainable vehicles increases, manufacturers are turning to carbon steel for its excellent strength-to-weight ratio and cost efficiency. Carbon steel is used in various automotive components, including body structures, chassis, and engine parts, contributing to vehicle safety and performance. With the automotive industry undergoing a transformative shift towards electric vehicles (EVs), the demand for carbon steel is anticipated to grow continuously. The material's recyclability also aligns with the automotive industry's sustainability targets, further emphasizing its importance.

The machinery and equipment sector also plays a crucial role in propelling the carbon steel market. Carbon steel's versatility and mechanical properties make it an ideal material for manufacturing machinery parts and industrial equipment. Industries such as energy, mining, and agriculture rely heavily on machinery built with carbon steel due to its ability to withstand harsh conditions and heavy loads. The expansion of the manufacturing sector, driven by technological advancements and increased industrialization across the globe, is expected to support the ongoing demand for carbon steel, securing its place as an indispensable material in machinery production.

In the realm of carbon steel applications, Low Carbon Steel Shot emerges as a noteworthy material, particularly valued for its use in surface preparation and cleaning processes. Known for its lower carbon content, this type of steel shot is often employed in industries where surface finish and preparation are critical, such as automotive and construction. Its ability to remove rust, paint, and other surface contaminants without damaging the underlying material makes it an ideal choice for maintaining the integrity of metal surfaces. Additionally, Low Carbon Steel Shot is appreciated for its cost-effectiveness and recyclability, aligning with the industry's growing emphasis on sustainable practices. As industries continue to prioritize efficiency and environmental responsibility, the demand for Low Carbon Steel Shot is anticipated to rise, contributing to the broader carbon steel market's growth.

Regionally, the Asia Pacific dominates the carbon steel market, accounting for a significant share of the global demand. The region's rapid industrialization, coupled with infrastructural developments in countries such as China, India, and Japan, has intensified the demand for carbon steel. North America and Europe also hold substantial market shares, driven by the automotive and construction industries' robust performance. The Middle East & Africa and Latin America are witnessing gradual growth due to increasing infrastructural investments and industrial activities. These regions present lucrative opportunities for market expansion, as their economies develop and urbanize further.

Hot Rolled Carbon Steel Plate Market Outlook

The global hot rolled carbon steel plate market size is forecasted to grow from USD 150 billion in 2023 to approximately USD 230 billion by 2032, reflecting a Compound Annual Growth Rate (CAGR) of 4.9% over the forecast period. This growth is primarily driven by the increasing demand from the construction and automotive industries, as well as advancements in manufacturing technologies that improve the quality and utility of carbon steel plates. The market benefits from rising infrastructure projects and the surge in automotive production in emerging economies.

One of the significant growth factors contributing to the expansion of the hot rolled carbon steel plate market is the robust demand from the construction industry. Infrastructure development projects, particularly in developing regions such as Asia-Pacific and Latin America, are driving the need for durable and cost-effective building materials. Hot rolled carbon steel plates are favored for their high strength, flexibility, and ability to withstand extreme conditions, making them ideal for construction applications. Additionally, government initiatives focusing on urbanization and smart city projects further boost the demand in this segment.

Another driving force is the automotive industry's continuous evolution and expansion. With the global push towards more efficient and lighter vehicles, the demand for high-strength, lightweight materials is on the rise. Hot rolled carbon steel plates offer the necessary properties to achieve these objectives, leading to their increased use in automotive chassis, body structures, and other critical components. Moreover, the shift towards electric vehicles (EVs) necessitates materials that can support new design and structural requirements, further amplifying the market's growth potential.

The machinery and equipment sector also play a pivotal role in propelling the hot rolled carbon steel plate market. Industrial machinery, heavy equipment, and various manufacturing tools require components that provide durability and resilience under high stress and workloads. Hot rolled carbon steel plates cater to these needs, ensuring longevity and performance, thus driving their adoption in this segment. Additionally, technological advancements and innovations in manufacturing processes are enhancing the quality, efficiency, and application range of these steel plates, fostering market growth.

From a regional perspective, the Asia-Pacific region dominates the market and is expected to maintain its leading position throughout the forecast period. The rapid industrialization, urbanization, and economic growth in countries such as China, India, and Japan are key contributors to this dominance. North America and Europe also present significant opportunities, driven by advancements in the automotive and construction industries. Meanwhile, the Middle East & Africa and Latin America are anticipated to witness moderate growth, supported by infrastructure development and industrial activities.

Flat Carbon Steel is a crucial component in the broader carbon steel market, offering a range of applications due to its versatile properties. This type of steel is typically produced in sheet or coil form and is known for its excellent strength-to-weight ratio, making it ideal for use in industries such as automotive, construction, and manufacturing. The demand for flat carbon steel is driven by its ability to be easily fabricated into various shapes and sizes, which is essential for producing automotive panels, building facades, and industrial machinery. As manufacturers continue to seek materials that offer both performance and cost-effectiveness, flat carbon steel remains a preferred choice, contributing significantly to the market's growth.

Product Type Analysis

In the hot rolled carbon steel plate market, the product type segment is categorized into low carbon steel, medium carbon steel, and high carbon steel. Low carbon steel is widely used across various industries due to its versatility, cost-effectiveness, and excellent mechanical properties. It is particularly favored in construction applications where flexibility and weldability are crucial. The demand for low carbon steel is expected to remain strong, driven by ongoing infrastructure projects and the need for durable building materials.

Medium carbon steel, characterized by its balanced combination of strength a

The global Carbon Steel Hot-rolled Coil market is a significant sector, exhibiting robust growth. While the provided CAGR is missing, based on industry analysis and considering similar materials' growth rates, a conservative estimate of a 4% CAGR from 2025 to 2033 is reasonable. With a 2025 market size of $139 million, this translates to substantial expansion over the forecast period. Key drivers include the burgeoning construction industry, particularly in developing economies experiencing rapid infrastructure development and urbanization. The automotive sector's continuous demand for high-strength steel for lighter and more fuel-efficient vehicles also contributes significantly. Growth is further fueled by advancements in steel production technologies leading to improved material properties and cost-effectiveness. However, fluctuations in raw material prices (iron ore, coal) and stringent environmental regulations pose challenges. The market segmentation reveals significant demand across diverse applications, with Shipbuilding, Automobile, and Construction sectors as major consumers. The dominance of Ordinary Carbon Structural steel within the "Type" segment reflects its cost-effectiveness and widespread applicability. Leading players like ArcelorMittal, Nippon Steel, and POSCO maintain significant market share, benefiting from established distribution networks and technological expertise. The forecast period (2025-2033) presents numerous opportunities for market players. Strategic partnerships, technological innovations focused on sustainability (reduced carbon emissions), and geographical expansion, particularly in high-growth Asian markets, will be crucial for sustained success. The competitive landscape is intense, with both established multinational corporations and regional players vying for market share. Companies are actively exploring value-added services, such as customized solutions and technical support, to differentiate themselves and cater to the specific needs of diverse customer segments. Further market research focusing on specific regional dynamics and emerging technologies within the steel industry will be vital for a more precise understanding of future growth trajectories.

Ntered Carbon Steel Market Outlook

The global Ntered Carbon Steel market size was valued at USD 4.5 billion in 2023 and is projected to reach USD 7.8 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 6.2% from 2024 to 2032. The market's growth is driven by several factors, including the increasing demand in automotive and construction industries, advancements in manufacturing technologies, and the rising trend of using high-strength, lightweight materials in various applications.

One of the primary growth factors for this market is the burgeoning automotive industry, which extensively utilizes carbon steel for manufacturing various vehicle components. Carbon steel's superior strength, durability, and cost-effectiveness make it an ideal choice for automotive manufacturers who need to meet stringent safety and performance standards while managing production costs. Additionally, the trend towards electric vehicles (EVs) and lightweight automotive designs further fuels the demand for advanced carbon steel products.

Another significant growth driver is the expanding construction sector, particularly in emerging economies. Carbon steel is a staple material in construction due to its structural integrity and versatility. As urbanization continues at a rapid pace, the need for residential, commercial, and infrastructural development propels the demand for carbon steel. Innovations in construction methods and materials, such as pre-fabricated structures and modular building techniques, also contribute to higher consumption of carbon steel products.

The machinery and industrial equipment sector is also a key contributor to the growth of the Ntered Carbon Steel market. Industries such as manufacturing, mining, and agriculture require robust and reliable machinery, and carbon steel is often the material of choice due to its mechanical properties and cost-effectiveness. Advances in industrial automation and the adoption of Industry 4.0 technologies are expected to further increase the demand for high-performance carbon steel components.

Steel Product innovation is at the forefront of the Ntered Carbon Steel market's evolution, with manufacturers continuously seeking ways to enhance the properties and applications of steel. This drive for innovation is particularly evident in the development of high-strength steel products that cater to the growing demands of the automotive and construction industries. The introduction of new steel alloys and the refinement of existing ones have enabled the production of components that offer superior performance, durability, and cost-effectiveness. As industries strive for more efficient and sustainable solutions, the role of advanced steel products becomes increasingly pivotal in meeting these objectives.

Region-wise, Asia Pacific dominates the Ntered Carbon Steel market, driven by the rapid industrialization and infrastructural developments in countries like China and India. The region's strong manufacturing base, coupled with government initiatives to boost industrial growth, significantly contributes to market expansion. North America and Europe also represent substantial market shares due to their established automotive and aerospace industries, as well as ongoing investments in sustainable and advanced manufacturing processes.

Product Type Analysis

In the Ntered Carbon Steel market, the product type segment is classified into Low Carbon Steel, Medium Carbon Steel, and High Carbon Steel. Each type offers distinct mechanical properties and applications, which cater to various industry needs. Low Carbon Steel, known for its ductility and ease of welding, is widely used in applications that require extensive forming and shaping. Its affordability makes it a popular choice in the construction and automotive sectors for producing structural components and body panels.

Medium Carbon Steel, which balances ductility and strength, is often utilized in applications that require higher mechanical performance. This type of steel is common in the manufacturing of automotive parts such as axles, crankshafts, and gears. Its versatility allows it to be used in both construction and machinery industries, where moderate hardness and strength are essential.

High Carbon Steel, distinguished by its high strength and hardness, is primarily used in applications that demand exceptional wear resistance and durability. This ty

Graph and download economic data for Producer Price Index by Industry: Iron and Steel Mills: Hot Rolled Steel Bars, Carbon (DISCONTINUED) (PCU33111033111072) from Dec 2010 to Nov 2017 about iron, mills, steel, PPI, industry, inflation, price index, indexes, price, and USA.

United States - Producer Price Index by Commodity: Metals and Metal Products: Carbon Steel Scrap Bundles was 276.94300 Index Jun 1996=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Carbon Steel Scrap Bundles reached a record high of 522.80000 in July of 2008 and a record low of 54.80000 in November of 2001. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Metals and Metal Products: Carbon Steel Scrap Bundles - last updated from the United States Federal Reserve on July of 2025.

The global carbon steel market, valued at $945.86 million in 2025, is projected to experience steady growth, exhibiting a Compound Annual Growth Rate (CAGR) of 2.9% from 2025 to 2033. This growth is fueled by increasing demand across diverse applications, particularly in the manufacturing of durable goods. The automotive, construction, and machinery sectors are key drivers, relying heavily on carbon steel's strength, durability, and cost-effectiveness. Specific application segments like knives and saw blades, chains, and wear parts are expected to witness significant expansion due to rising consumer and industrial needs. While challenges such as fluctuating raw material prices and environmental concerns related to carbon steel production may pose some restraints, technological advancements in steelmaking processes and the development of higher-strength, lower-carbon alternatives are expected to mitigate these impacts and continue driving market growth throughout the forecast period. The market segmentation reveals a diverse landscape. High-carbon steel, valued for its exceptional hardness and wear resistance, is anticipated to maintain a significant market share, driven by its use in specialized applications such as high-performance cutting tools and railway wheels. Low and medium-carbon steel segments will also experience growth, though potentially at a slower pace, due to their widespread use in general construction and manufacturing. Geographic analysis indicates strong market presence in North America and Asia Pacific, with China and the United States representing major consumption hubs. Europe and other regions are expected to contribute to the overall market growth, reflecting the global demand for carbon steel across various industries. Competition amongst established players like ArcelorMittal SA and emerging regional manufacturers is intensifying, resulting in increased product innovation and price competitiveness within the market. This report provides a detailed analysis of the global carbon steel market, valued at approximately $700 billion in 2023, projected to reach $850 billion by 2028. It delves into production, consumption trends, key players, and future market dynamics. High-search-volume keywords like "carbon steel prices," "carbon steel applications," "low carbon steel," "high carbon steel uses," and "carbon steel manufacturing" are incorporated throughout for optimal search engine visibility.