Get the latest insights on price movement and trend analysis of Stainless Steel (304) in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Track Stainless Steel 304 price trends with monthly, quarterly, and yearly data for 2024–2025. Get expert forecasts, historical charts, and regional insights to plan your sourcing.

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 Sep 2025 about steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

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.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Stainless and Other Alloy Steel Scrap (WPU101212) from Dec 1986 to Sep 2025 about steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

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.

The global vacuum jacketed flexible hose market is experiencing robust growth, driven by increasing demand across various sectors. While precise figures for market size and CAGR are unavailable in the provided text, we can make reasonable estimations based on industry trends. Considering the applications mentioned (general industrial, LNG, food and beverage, pharmaceutical, electronic, and semiconductor), a conservative estimate for the 2025 market size could be around $500 million. Given the expanding use of cryogenic fluids and the need for efficient, safe fluid transfer in diverse industries, a projected CAGR of 6-8% for the forecast period (2025-2033) appears plausible. This growth is fueled by several key factors. The increasing adoption of cryogenic technologies in various industries, particularly in LNG transportation and storage and the pharmaceutical sector for cold chain logistics, significantly contributes to market expansion. Furthermore, stringent regulatory requirements regarding the safe handling of cryogenic fluids are pushing the adoption of vacuum jacketed hoses, which offer superior insulation and leak prevention. Technological advancements in hose materials and design, leading to improved durability and thermal efficiency, also play a vital role. However, the market's growth is not without challenges. The high initial investment cost associated with vacuum jacketed hoses can act as a restraint, particularly for smaller companies. Fluctuations in raw material prices, particularly stainless steel, can also impact profitability. Despite these limitations, the long-term outlook for the vacuum jacketed flexible hose market remains positive, driven by the continuing demand for efficient and reliable cryogenic fluid transfer solutions across various sectors. The market segmentation by application (general industrial, LNG, etc.) and type (304 and 316 stainless steel) presents opportunities for specialized manufacturers to cater to specific industry needs and further drive market penetration. Companies such as Crane, Chart Industries, and others will continue to play key roles in shaping market trends through product innovation and strategic partnerships.

The global vacuum jacketed hoses market is experiencing robust growth, driven by increasing demand across diverse industries. While precise figures for market size and CAGR aren't provided, a reasonable estimation can be made based on industry trends. Considering the prevalent use of vacuum jacketed hoses in cryogenic applications (LNG, pharmaceuticals), and the expansion of sectors like food and beverage processing and semiconductor manufacturing, a conservative estimate places the 2025 market size at approximately $500 million. Given the anticipated growth in these sectors and technological advancements leading to improved hose efficiency and durability, a compound annual growth rate (CAGR) of around 6-8% is plausible for the forecast period (2025-2033). This growth is fueled by the need for efficient and safe transportation and handling of temperature-sensitive materials, particularly in cryogenic applications where maintaining low temperatures is crucial. Furthermore, stringent regulatory requirements concerning leak prevention and safety protocols in handling sensitive materials are further stimulating demand. Major market segments include 304 and 316 stainless steel hoses, reflecting material choices based on cost and corrosion resistance. Application-wise, the LNG, pharmaceutical, and food and beverage sectors represent significant portions of the market. While North America and Europe currently hold a substantial market share, rapid industrialization and infrastructure development in Asia-Pacific are expected to significantly boost regional demand in the coming years. Competitive pressures among established players like Crane, Chart Industries, and Concept Group, alongside emerging regional manufacturers, are likely to further shape market dynamics. However, factors like the relatively high initial investment cost of vacuum jacketed hoses and potential supply chain disruptions could pose challenges to sustained market growth.