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.

Monthly and long-term steel (usa) price data (US$/mt): historical series and analyst forecasts curated by FocusEconomics.

In 2023, the price of fabricated structural steel in the United Kingdom has fallen by over ** percent. That came after the cost of that building material soared between 2020 and 2022. Most of that price increase happened in 2021, with a growth rate of **** percent that year. Structural steel is widely used for construction because it is durable, malleable, and strong, while also being cheaper than many other metals. For example, it is often used as a structural material for skyscrapers and other buildings, as well as for infrastructure. Why has the price of steel increased? Those price increases seen until 2022 have not just affected the UK, but many other countries around the world. For example, the cost of fabricated structural metal in the U.S. and that of structural steel and other steel products in Germany reached their highest growth rate in 2022. Supply chain disruptions along with a decrease in the global production of crude steel in 2020 were some of the main reasons for those price hikes in 2021. In addition to that, the price of iron ore, which is the main component of steel, and energy also had a strong impact on the final price of steel products those years. Largest steel producers In the past couple of years, China was by far the largest steel producer in the world, with a production volume that was well over ***** times higher than that of the second country in the ranking: India. Although the United States was also on that list along with Japan and Russia, it was not among the leading exporters of steel. The reason for that discrepancy is that a big share of the production in countries of the size of the U.S., China, and India goes to fill their own domestic needs. Meanwhile, **** of the ** companies with the highest output of steel came from China, with the rest coming from Luxembourg, Japan, South Korea, India, and the U.S.

Graph and download economic data for Unit Labor Costs for Manufacturing: Iron and Steel Mills and Ferroalloy Production (NAICS 331110) in the United States (IPUEN331110U101000000) from 1988 to 2024 about ferroalloy, unit labor cost, iron, mills, steel, NAICS, IP, production, manufacturing, and USA.

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.

Explore the factors influencing the cost of steel per ton in 2023, including market demand, geopolitical conditions, production costs, and material specifications. Understand how industries, trade policies, and raw material prices impact global steel price trends.

Brazil Steel: Cost & Expenses data was reported at 101,177,175.000 BRL th in 2017. This records an increase from the previous number of 94,233,086.000 BRL th for 2016. Brazil Steel: Cost & Expenses data is updated yearly, averaging 91,269,907.000 BRL th from Dec 2007 (Median) to 2017, with 11 observations. The data reached an all-time high of 115,278,984.000 BRL th in 2015 and a record low of 59,171,044.000 BRL th in 2007. Brazil Steel: Cost & Expenses data remains active status in CEIC and is reported by Brazilian Institute of Geography and Statistics. The data is categorized under Brazil Premium Database’s Metal and Steel Sector – Table BR.WAI002: Iron and Steel Financial Data: Steel.

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.

China Steel Industry: Cost of Sales data was reported at 4,411,446.642 RMB mn in 2020. This records an increase from the previous number of 3,772,196.306 RMB mn for 2019. China Steel Industry: Cost of Sales data is updated yearly, averaging 2,008,071.665 RMB mn from Dec 1995 (Median) to 2020, with 26 observations. The data reached an all-time high of 4,411,446.642 RMB mn in 2020 and a record low of 244,975.000 RMB mn in 1996. China Steel Industry: Cost of Sales data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Metal and Steel Sector – Table CN.WAH: Steel Industry: Financial Data.

Monthly and long-term steel (europe) price data (US$/mt): historical series and analyst forecasts curated by FocusEconomics.

This statistic shows the monthly prices of U.S. flat rolled steel throughout 2018, with a breakdown by main product type. Flat rolled steel is often used in pipe work, boilers, and construction. Plate steel, which is a relatively thick product and used in shipbuilding, cost *** U.S. dollars per short ton at the start of 2018 in January.

Explore the factors affecting steel building prices, including size, design, material quality, location, and market conditions. Understand how these variables influence costs to make informed financial decisions for your construction project.

The prefabricated metal building market is experiencing robust growth, driven by increasing demand across diverse sectors. The rising need for cost-effective, quick-to-deploy structures in industrial, commercial, and other applications is a major catalyst. Factors such as enhanced durability, sustainability initiatives favoring lighter construction materials, and the growing adoption of modular construction methodologies are further fueling market expansion. Steel remains the dominant material type, benefiting from its strength, versatility, and relatively low cost compared to alternatives. Geographically, North America and Europe currently hold significant market shares, but the Asia-Pacific region is projected to witness substantial growth due to rapid urbanization and infrastructure development. While the market faces certain challenges, such as fluctuations in raw material prices and potential labor shortages, the overall outlook remains positive, with a projected Compound Annual Growth Rate (CAGR) indicating consistent expansion in the coming years. The presence of established players like ALGECO and American Steel Span, along with regional specialists, signifies a competitive yet dynamic market landscape. The increasing focus on customization and technological advancements in design and manufacturing further enhances the market's appeal, ensuring its sustained growth trajectory. The market segmentation by application (industrial, commercial, others) and type (steel, others) provides valuable insights into specific growth areas. Industrial applications, driven by the need for warehouses, factories, and workshops, are expected to maintain a leading position. The commercial segment, encompassing retail spaces, offices, and other buildings, also shows strong growth potential. Steel's dominance in material type is attributed to its strength, cost-effectiveness, and suitability for various applications. However, the "others" category, which may include aluminum or composite materials, is likely to witness growth driven by specific niche applications requiring lighter or more specialized properties. The regional breakdown reveals diverse growth opportunities, with emerging markets in Asia-Pacific presenting significant untapped potential alongside the established markets of North America and Europe. Continuous innovation in design and manufacturing techniques, coupled with a growing awareness of sustainable building practices, will be key factors shaping future market trends.

China Steel Industry: Selling and Distribution Cost data was reported at 29,019.480 RMB mn in 2010. This records an increase from the previous number of 22,726.130 RMB mn for 2009. China Steel Industry: Selling and Distribution Cost data is updated yearly, averaging 7,860.300 RMB mn from Dec 1995 (Median) to 2010, with 14 observations. The data reached an all-time high of 29,132.610 RMB mn in 2007 and a record low of 2,558.000 RMB mn in 1995. China Steel Industry: Selling and Distribution Cost data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Metal and Steel Sector – Table CN.WAH: Steel Industry: Financial Data.

Dataset

This dataset was created by Mariyam Al Shatta

Released under CC0: Public Domain

Contents

China Steel: Large & Medium Enterprise: Cost of Sales: Year to Date data was reported at 1,366,618.690 RMB mn in Mar 2022. This records an increase from the previous number of 865,222.120 RMB mn for Feb 2022. China Steel: Large & Medium Enterprise: Cost of Sales: Year to Date data is updated monthly, averaging 1,656,149.780 RMB mn from Dec 2007 (Median) to Mar 2022, with 86 observations. The data reached an all-time high of 6,180,657.350 RMB mn in Dec 2021 and a record low of 131,966.790 RMB mn in Jan 2009. China Steel: Large & Medium Enterprise: Cost of Sales: Year to Date data remains active status in CEIC and is reported by China Iron and Steel Association. The data is categorized under China Premium Database’s Metal and Steel Sector – Table CN.WAH: Steel Industry: Financial Data: Large & Medium Enterprise. contact us

In 2023, the price index for iron and steel combined in Germany was *****. This means that compared to 2015, the index year, prices have increased by almost *** percent. This was a significant difference compared to the year before.

Discover how various factors such as type, thickness, grade, and market conditions impact the cost of steel plate per square foot. Learn about pricing for different steel thicknesses, how market fluctuations affect prices, and the additional costs involved in purchasing and transporting steel plates.

Ghana Prime Building Cost Index: Material: Steel Materials data was reported at 4,847.077 Sep1997=100 in Dec 2017. This stayed constant from the previous number of 4,847.077 Sep1997=100 for Nov 2017. Ghana Prime Building Cost Index: Material: Steel Materials data is updated monthly, averaging 880.451 Sep1997=100 from Jan 2000 (Median) to Dec 2017, with 216 observations. The data reached an all-time high of 4,847.077 Sep1997=100 in Dec 2017 and a record low of 114.100 Sep1997=100 in Jan 2000. Ghana Prime Building Cost Index: Material: Steel Materials data remains active status in CEIC and is reported by Ghana Statistical Service. The data is categorized under Global Database’s Ghana – Table GH.EA001: Prime Building Cost Index.

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Carbon Steel Market Size 2025-2029

The carbon steel market size is valued to increase by USD 197.5 billion, at a CAGR of 3.3% from 2024 to 2029. Growing demand for construction industry will drive the carbon steel market.

Market Insights

APAC dominated the market and accounted for a 73% growth during the 2025-2029.
By End-user - Construction segment was valued at USD 405.20 billion in 2023
By Type - Low carbon steel segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 29.44 billion 
Market Future Opportunities 2024: USD 197.50 billion
CAGR from 2024 to 2029 : 3.3%

Market Summary

Carbon steel, a versatile alloy of iron and carbon, is a cornerstone of global industries due to its exceptional strength, durability, and cost-effectiveness. The market for carbon steel is driven by the burgeoning construction sector, which accounts for a significant portion of its demand. Infrastructure development projects, particularly in emerging economies, fuel the need for large quantities of carbon steel. Moreover, the increasing adoption of sustainable manufacturing practices has led to the steel industry's evolution, with carbon steel being a key material in the production of green steel through the electric arc furnace process. However, the market faces challenges, primarily due to the volatility of raw material prices. The prices of iron ore and coal, key inputs in steel production, can fluctuate significantly, impacting the profitability of steel manufacturers. A real-world business scenario illustrates this challenge. A large-scale steel producer aims to optimize its supply chain by securing long-term contracts with reliable suppliers for raw materials. This strategy enables the company to mitigate the risk of price volatility and maintain operational efficiency. In conclusion, the market is shaped by the growing demand from the construction industry, the adoption of sustainable manufacturing practices, and the challenges posed by raw material price volatility. Companies in this sector must navigate these factors to maintain profitability and competitiveness.

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

Get Key Insights on Market Forecast (PDF) Request Free SampleCarbon steel, a versatile alloy, continues to dominate various industries due to its strength, durability, and cost-effectiveness. Hot-rolled steel products undergo quenching and tempering, normalizing treatments, and annealing processes for enhanced properties. In pressure vessel design, carbon steel's low-temperature applications excel, while alloy steel alternatives cater to high-temperature applications. Sustainable manufacturing practices are increasingly integrated, focusing on cost optimization strategies, quality assurance systems, and supply chain management. In structural steel design, carbon steel's strength-to-weight ratio makes it a preferred choice. Compared to stainless steel, carbon steel offers a cost advantage in automotive steel applications. Stress relieving methods and coating application techniques further enhance its usability. Cold-rolled steel sheets and galvanized steel sheets cater to diverse industries, from construction to automotive. Surface hardening techniques, such as normalizing and quenching, ensure superior resistance to corrosion and wear. Metallographic analysis and welding procedures are essential for maintaining product integrity. Pipeline steel standards prioritize material selection criteria, ensuring safety and reliability. Failure analysis techniques help identify potential issues, preventing costly downtime. In summary, the market showcases continuous evolution, with trends focusing on sustainability, cost optimization, and enhanced performance. Companies prioritize compliance with industry standards, ensuring the delivery of high-quality products. By understanding these trends, businesses can make informed decisions regarding product strategy, budgeting, and overall operations.

Unpacking the Carbon Steel Market Landscape

Carbon steel, a key industrial material, offers superior yield strength properties due to its chemical composition control. Compared to low-carbon counterparts, high-strength low-alloy steels exhibit a 30% increase in tensile strength, enabling cost-effective solutions for structural applications. Microstructure examination through non-destructive testing methods, such as ultrasonic inspection, ensures compliance with steel pipe specifications and enhances production efficiency. Alloying elements, like manganese and chromium, enhance corrosion resistance, reducing waste and maintenance costs by 20%.

Residual stress measurement and fracture toughness testing are essential for ensuring mechanical properties data align with quality control standards. Heat treatment processes, including