Steel fell to 3,086 CNY/T on July 11, 2025, down 0.61% from the previous day. Over the past month, Steel's price has risen 5.22%, but it is still 6.46% 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.

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 (IPUEN331110U100000000) from 1987 to 2024 about ferroalloy, unit labor cost, iron, mills, steel, NAICS, IP, production, manufacturing, and USA.

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.

Graph and download economic data for Capital Costs for Manufacturing: Steel Product Manufacturing from Purchased Steel (NAICS 3312) in the United States (IPUEN3312C021000000) from 1988 to 2021 about cost, purchase, steel, NAICS, capital, IP, production, manufacturing, and USA.

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.

During the last quarter of 2024, the stainless steel plate prices in the USA reached 3785 USD/MT in December. As per the stainless steel plate price chart, the availability of nickel and chromium determined market trends, and changes in feedstock costs affected the pricing. Dynamics were also influenced by domestic production levels and international trade regulations. Although steady supply circumstances occasionally helped keep costs under control, mill output changes and industrial demand occasionally caused instability.

Explore IMARC’s newly published report, titled “Stainless Steel Plate Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” offers an in-depth analysis of stainless steel plate pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

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.

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

This statistic shows the producer price index of steel mill products in the United States from 2006 to 2019. In 2019, the price of steel mill products appeared as *** on the index, compared to 100 in 1982.

HRC Steel fell to 876.95 USD/T on July 11, 2025, down 0.57% from the previous day. Over the past month, HRC Steel's price has risen 1.73%, and is up 31.87% 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 the fourth quarter of 2023, the price of the flat steel in the USA reached 3479 USD/MT by December. Similarly, in China, the flat steel prices hit 1858 USD/MT in the same month. The Germany also saw flat steel prices reaching 3125 USD/MT during Q4 2023.

Explore IMARC’s newly published report, titled “Flat Steel Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of flat steel pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

Explore the factors influencing stainless steel prices per kilogram, including raw material costs, global demand, economic factors, and production expenses. Understand how grades like austenitic series 304 and 316 are priced differently due to their composition and corrosion resistance. Learn about the impact of global economic dynamics and environmental initiatives on stainless steel cost fluctuations.

In 2023, the average selling prince of South Korean steel works company POSCO's carbon steel amounted to around **** 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.

Explore the fluctuating steel price per kg in 2023, driven by market demand, supply chain dynamics, economic factors, and environmental policies. Learn about price variations among carbon, stainless, and alloy steels and how global trade policies impact costs.

Graph and download economic data for Producer Price Index by Industry: Fabricated Structural Metal Manufacturing: Fabricated Structural Iron and Steel for Industrial Buildings Metal Bar Joists, Short Span (PCU33231233231211) from Jun 2011 to May 2025 about fabrication, iron, steel, metals, buildings, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

Graph and download economic data for Producer Price Index by Industry: Fabricated Structural Metal Manufacturing: Fabricated Structural Iron and Steel for Commercial, Residential, Institutional, and Public Buildings (PCU33231233231212) from Jun 2011 to May 2025 about fabrication, public, iron, steel, metals, buildings, residential, commercial, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

Graph and download economic data for Wholesale Price of Steel Sheets for Pittsburgh, PA (M0454BUS38300M267NNBR) from Jan 1947 to Feb 1958 about Pittsburgh, wholesale, steel, PA, price, and USA.

Explore the factors affecting the cost of steel sheets per square meter, including raw material prices, manufacturing processes, and market dynamics. Understand how variations in thickness, grade, and global economic conditions influence steel pricing as of October 2023.

China Steel Making: Cost of Sales: Year to Date data was reported at 516.781 RMB bn in Oct 2015. This records an increase from the previous number of 465.361 RMB bn for Sep 2015. China Steel Making: Cost of Sales: Year to Date data is updated monthly, averaging 364.349 RMB bn from Dec 1998 (Median) to Oct 2015, with 102 observations. The data reached an all-time high of 938.330 RMB bn in Dec 2011 and a record low of 57.319 RMB bn in Feb 2006. China Steel Making: Cost of Sales: Year to Date data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Industrial Sector – Table CN.BHT: Ferrous Metal Smelting and Pressing: Steel Making.