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 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.

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.

Over the five years through 2025-26, iron and steel manufacturing revenue is expected to climb at a compound annual rate of 1.9% to £7.7 billion. Heaps of cheap steel on the global market have undercut British prices and caused big trade partners like the EU to institute import quotas. Unable to lower prices because of high labour costs and environmental charges, industry giants like British Steel and Tata Steel have stated a need for government intervention to continue operating. Both companies are also moving away from blast furnace operations to invest in greener electric arc furnaces, marking a complete industry shift. Tata Steel closed its Port Talbot site in September 2024, marking the end of traditional steelmaking in Wales and the switch to its electric arc furnace, which is set to begin operations in 2028. British Steel is also planning to switch to electric arc furnace production. However, talks over support from the British Government remain stalled. Besides this structural transition, the industry has been wracked by volatility in recent years. Metal prices dropped during 2020-21 as the COVID-19 pandemic slashed downstream demand for iron and steel. However, as manufacturing and construction activity started recovering in 2021-22, iron and steel prices soared as production failed to keep up, causing a global undersupply of steel. This massively raised revenue in 2021-22, driving up profitability. Steel prices started to dip again in 2022-23, bringing down iron and steel manufacturers’ revenue. In 2025-26, revenue is set to drop by 8.5% owing to a slump in downstream investment, resulting from the 2024 Autumn Budget denting business confidence. This will coincide with iron and steel prices continuing to stave off. Profit is expected to remain flat as iron ore, carbon and energy prices continue to normalise, reducing manufacturers’ costs. However, higher wage costs and subdued demand for iron and steel keep profitability low, sitting at 1.6% in 2025-26. Over the five years through 2030-31, revenue is forecast to climb at a compound annual rate of 0.6% to £7.9 billion. While UK steel manufacturers no longer face tariffs in the EU, US tariffs and import quotas remain uncertain, causing significant harm. Despite UK quotas, competition from imports will prevail, especially as China’s manufacturing rebounds. Reduced production from British Steel and Tata Steel, as both companies switch to electric arc furnace production, will also hinder revenue growth until 2028-29.

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Stainless Steel Market Size 2023-2027

The stainless steel market size is forecasted to increase by 10,299.64 thousand tons at a CAGR of 3.38% between 2022 and 2027. Market growth relies on various factors, notably the increased consumption of high-strength stainless steel, propelled by its corrosion resistance and excellent mechanical properties. Additionally, economic expansion in China and India contributes significantly to market growth. As these nations continue to develop industrially and infrastructurally, the demand for stainless steel, particularly for construction and manufacturing applications, is expected to rise. This confluence of factors positions the market for substantial growth in the foreseeable future. Furthermore, the stainless steel market analysis report includes historic market data from 2017 to 2021. The stainless steel market forecast indicates robust expansion, driven by increasing demand for steel across various industries. The stainless steel market size growth is propelled by advancements in production technologies and the rise of sustainable manufacturing practices. Current stainless steel market trends show a surge in applications, particularly in construction and automotive sectors, underscoring its vital role in modern infrastructure.

What will be the Size of the Stainless Steel Market During the Forecast Period?

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Stainless Steel Market Segmentation

The stainless steel market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in 'USD Million' for the period 2023 to 2027, as well as historical data from 2017 to 2021 for the following segments

End-user Outlook 

  Metal products
  Mechanical engineering
  Automobile and transportation
  Infrastructure and construction
  Electrical engineering





Product Outlook

  Flat
  Long





Region Outlook

  North America

    The US
    Canada


  Europe

    The UK
    Germany
    France
    Rest of Europe


  APAC

    China
    India


  Middle East and Africa

    Saudi Arabia
    South Africa
    Rest of the Middle East and Africa


  South America

    Argentina
    Brazil
    Chile

By End-user

The market share growth by the metal products segment will be significant during the forecast period. The use of stainless steel in metal products provides an aesthetic appeal, extensive textures, strength, functionality, corrosion resistance properties, and ease of cleaning properties such products, driving the growth of steel manufacturing. The demand for stainless steel for manufacturing metal products is high due to its ease of fabrication and mechanical properties.

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The metal products segment showed a gradual increase in the market share of 20,426.71 thousand t in 2017. Stainless steel is used in jewelry, belt buckles, clips, casings, watch straps and backs, cooker hoods, outdoor kitchen cabinets, worktops, drainers, sinks, and others. It is also used in kitchen vessels due to its hygiene properties, durability, and resilience to food discoloration and spoilage. The shift in consumer preference toward hygienic and easy-to-clean products is likely to increase the demand for stainless steel in metal products during the forecast period.

By Region

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APAC is estimated to account for 76% of the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. APAC has some of the largest stainless steel-producing countries in the world, such as China, Japan, South Korea, and India. China was the largest producer and consumer of stainless steel in 2020. Manufacturers are shifting to the consumption of scrap steel and stainless steel as raw materials to reduce pollution as well as manufacturing costs. These factors will drive the growth of the market in APAC during the forecast period.

Stainless Steel Market Dynamics

The market plays a vital role across various sectors, including residential housing, building & construction, railways, and automotive & transportation. Its resistance to corrosion surpasses that of carbon steel, making it a preferred choice. Renowned companies like Jindal Steel and Daido Steel contribute to its production capacities. Stainless steel finds applications in diverse architectural elements such as railings, roofing, and staircases, offering both pliability and appealing aesthetic properties. Moreover, it serves industrial needs like heat exchangers and tubulars, alongside providing swimming pool shades, canopies, and atriums with durability and low maintenance cost during repair and renovation. The stainless ste

Metal structure manufacturers have faced a series of hurdles in recent years, as macroeconomic headwinds have dampened demand from key markets, primarily the construction sector. Large-scale commercial construction projects require steel beams, roof trusses and other metal parts, providing sales opportunities for manufacturers. However, soaring interest rates in the three years through 2024-25 resulted in elevated borrowing costs, deterring private investment in commercial construction. Residential construction has also slumped, as high interest rates have elevated mortgage repayments and pushed up house prices. According to the Office for National Statistics, private new housing output fell by 18.5% over the two years through 2024, as lower housing demand deterred investment into new residential spaces. Government support packages have helped minimise the impact on construction output, with the Affordable Homes Programme and Labour’s target to build 1.5 million new homes by 2029 propping up residential construction output, offering metal structure manufacturers some relief. Supply chain disruptions caused by the Russia-Ukraine conflict have driven up raw material costs, particularly steel prices. Despite a strong heritage of domestic steel supply, many metal structure manufacturers have opted to use low-cost steel imports from countries like China and Germany, which boast a competitive advantage in manufacturing output. The Red Sea Crisis and President Trump’s tariff uncertainty have also contributed to volatile material prices and led to uncertainty surrounding trade in the industry. Despite volatile input costs, manufacturers have experienced steady profit growth due to constant demand for renewable energy-efficient projects and essential transport infrastructure projects. These have given demand some stability, with infrastructure projects like the Silvertown Tunnel and Everton FC’s Hill Dickinson Stadium requiring extensive steel frameworks and providing revenue growth for several leading companies in the industry, like Laing O’Rourke and Severfield. Overall, revenue is anticipated to grow at a compound annual rate of 1.8% over the five years through 2025-26, primarily driven by a strong initial post-pandemic recovery. In 2025-26, revenue is set to drop by 1.8% to £10.2 billion, thanks to low business confidence deterring commercial projects. Looking ahead, the industry will continue to be supported by government frameworks, including the ongoing target to build 1.5 million new homes and the 10-Year Infrastructure Strategy. These will provide significant investment into construction markets, with projects like data centres and key infrastructure requiring an extensive amount of metal frameworks. A rebound in residential construction will also support demand, particularly in the modular construction sector. The efficiency and time-saving benefits of using prefabricated builds will ensure this market continues to grow, particularly as the government looks to get back on track with its housebuilding target. Metal structure manufacturers’ revenue is forecast to grow at a compound annual rate of 2.3% over the five years through 2030-31, reaching £11.5 billion.

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).

United Kingdom Exports: sa: BoP: MM: Iron & Steel data was reported at 406.000 GBP mn in Jun 2018. This records a decrease from the previous number of 415.000 GBP mn for May 2018. United Kingdom Exports: sa: BoP: MM: Iron & Steel data is updated monthly, averaging 397.500 GBP mn from Jan 1998 (Median) to Jun 2018, with 246 observations. The data reached an all-time high of 667.000 GBP mn in Aug 2008 and a record low of 201.000 GBP mn in May 1999. United Kingdom Exports: sa: BoP: MM: Iron & Steel data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s UK – Table UK.JA003: Trade Statistics: Current Prices: By Commodity Group: Seasonally Adjusted.

The Scrap Metal Recycling industry plays a crucial role in supplying raw materials to steelmakers, foundries and manufacturers, supporting industrial output and economic growth. Industry performance is closely tied to the price of virgin ferrous and non-ferrous metals, which directly dictates the value of recycled scrap. Industry performance hinges on the strength of downstream markets, including the automotive, construction and manufacturing sectors, which dictate demand for recycled rubber across a wide range of industrial and commercial applications. Industry revenue is poised to expand at a compound annual rate of 2.4% over the five years through 2025-26, reaching £8.69 billion, although revenue is expected to drop by 4.8% in the current year. The contrast reflects volatility in global metal prices, which corrected after a period of sharp increases that allowed recyclers to cash in. As prices have subsided, returns have reverted to more normal levels. Recyclers have benefitted from signs of life in the construction sector, with ONS data showing output rose 0.6% in the three months to July 2025, boosting demand for scrap. At the same time, the industry has navigated a bumpy ride in manufacturing, where the S&P UK Manufacturing PMI stood at 47 in August 2025, the eleventh consecutive month of contraction. Revenue has been boosted by a resurgence in exports, driven by the UK’s excess scrap and renewed demand from Asian countries. Environmental concerns are also helping to lift business and consumer recycling rates, while more downstream markets are making use of recycled metals. Profit is expected to nudge downwards to 5.6% in 2025-26, reflecting a softening in scrap values. Revenue is slated to drop at a compound annual rate of 3.4% over the five years through 2030-31 to £10.28 billion. The industry is set to benefit from the ongoing recovery of key downstream markets, supported by ambitious housebuilding targets and a stronger environmental agenda that is accelerating the shift towards recycled materials. Broader green initiatives to expand recycling rates, as the UK focuses on net zero targets, will further boost supply, helped by tighter regulations like the Extended Producer Responsibility scheme. As the volume of recycling is expected to climb, businesses will seek to expand their waste collection streams, including rare earth metals from end-of-life EVs. At the same time, improving technology will help scrap metal recyclers improve efficiency, notably the introduction of electric arc furnaces that promise a surge in recycling rates, pushing up revenue and profit.

LME Index rose to 4,700 Index Points on October 29, 2025, up 0.79% from the previous day. Over the past month, LME Index's price has risen 7.33%, and is up 13.22% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. LME Index - values, historical data, forecasts and news - updated on December of 2025.

United Kingdom Imports: sa: BoP: Basic Materials: Metal Ores data was reported at 247.000 GBP mn in Jun 2018. This records an increase from the previous number of 241.000 GBP mn for May 2018. United Kingdom Imports: sa: BoP: Basic Materials: Metal Ores data is updated monthly, averaging 224.000 GBP mn from Jan 1998 (Median) to Jun 2018, with 246 observations. The data reached an all-time high of 491.000 GBP mn in Jan 2011 and a record low of 90.000 GBP mn in Jul 2003. United Kingdom Imports: sa: BoP: Basic Materials: Metal Ores data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s UK – Table UK.JA003: Trade Statistics: Current Prices: By Commodity Group: Seasonally Adjusted.

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Steel Rebars Market Size 2025-2029

The steel rebars market size is valued to increase USD 66.1 billion, at a CAGR of 4.9% from 2024 to 2029. Demand for steel rebars due to growing construction activities will drive the steel rebars market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 53% growth during the forecast period.
By Type - Deformed segment was valued at USD 141.60 billion in 2023
By Application - Residential segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 40.42 billion
Market Future Opportunities: USD 66.10 billion
CAGR : 4.9%
APAC: Largest market in 2023

Market Summary

The market is a dynamic and continually evolving industry that plays a crucial role in the construction sector. With the surge in infrastructure development and real estate projects worldwide, the demand for steel rebars has witnessed significant growth. According to recent reports, the market share in the construction industry is estimated to reach 40% by 2025, underscoring their indispensable role in modern construction. Core technologies and applications, such as pre-stressed and post-tensioned rebars, continue to innovate, enhancing the durability and efficiency of structures.
Meanwhile, product categories like deformed and plain bars cater to various applications, from residential to commercial projects. However, the market faces challenges, including the fluctuation in prices of raw materials needed to manufacture steel rebars, such as iron ore and coal. Despite these hurdles, opportunities abound, including the increasing adoption of sustainable manufacturing processes and the expansion of the market in emerging economies.

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

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How is the Steel Rebars Market Segmented and what are the key trends of market segmentation?

The steel rebars industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Deformed
  Mild


Application

  Residential
  Commercial
  Public infrastructure


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Type Insights

The deformed segment is estimated to witness significant growth during the forecast period.

Deformed steel rebars, characterized by their raised patterns, are a vital component in the construction industry due to their enhanced grip on concrete. These rebars, manufactured through cold twisting or hot rolling, are widely utilized in building projects, infrastructure development, and civil engineering, including bridges, highways, dams, and other structures requiring high strength and durability. The global construction sector's ongoing expansion, particularly in developing countries like Asia and Africa, propels the demand for new infrastructure and housing projects, significantly increasing the need for deformed steel rebars. Moreover, investments in infrastructure projects, such as transportation networks and dams, necessitate the use of high-strength and durable reinforcement materials.

The market for deformed steel rebars experiences continuous growth as a result of these factors. According to recent industry reports, the adoption of deformed steel rebars in the construction sector has risen by approximately 18%, and industry experts anticipate a further increase of around 15% in the coming years. Additionally, the market for high-strength rebar patterns, such as epoxy-coated and deformed bar patterns, is projected to expand significantly due to their superior mechanical properties, including ultimate tensile strength, shear strength, and yield strength. Rebar quality control is crucial in ensuring the durability and safety of structures.

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The Deformed segment was valued at USD 141.60 billion in 2019 and showed a gradual increase during the forecast period.

Concrete cracking analysis, rebar inspection procedures, and rebar surface treatment techniques, such as thermal spraying, are essential to maintain the structural integrity of buildings and infrastructure. Rebar fabrication methods, including welding and splicing techniques, and reinforcement detailing software, are continuously evolving to improve efficiency and accuracy. The market for structural steel connections, reinforcement steel grades, and rebar bending machines is also growing, driven by the need for stronger, more efficient construction techniques. In conclusion, the market for deformed steel rebars is a dynamic and evolving sector that play

The Metal Treatment, Coating & Machining industry in Europe is all about honing and enhancing metal. Companies use processes such as electroplating, heat treatment and laser cutting to get metals ready for various end uses – anything from construction to motor vehicle manufacturing. However, this work isn't easy or cheap, as it needs lots of energy. The ever-rising energy costs in Europe have pushed up production costs, hitting countries like Germany, Italy, the Netherlands and Austria pretty hard. Nonetheless, industry revenue is expected to rise at a compound annual rate of 3.6% over the five years through 2025 to €203.1 billion – including an estimated 1.9% increase over the current year. As the construction sector, a key source of demand, went through its share of turmoil, industry revenue followed suit. According to the European Commission, when the pandemic hit in 2020, construction work nosedived by 5%. This sent the industry into a trough, but positive construction and overall industrial activity trends across the continent helped it bounce back a bit in 2021. In 2022, steel prices took off over the first two quarters, in response to the Russia-Ukraine crisis, sending waves across industries like motor vehicle manufacturing, construction and electronics. They either started looking for cheaper alternatives or cut down on production, which inevitably hit our metal treatment and coating services, slightly tanking revenue in 2023. Shifting the focus towards unique, high-quality and high-margin coatings, like self-healing, superhydrophobic or antimicrobial coatings, could offset declines in volume in more commodity-driven segments. These specialised products often command higher prices and are less price-sensitive, which has a stabilising effect on profit. Looking forward, it’s crucial for this industry to embrace the concept of a circular economy. A focus on waste minimisation and recycling reduces environmental impact and can tap into the EU’s generous funding program for environment-friendly initiatives. As countries like Spain, Italy, France and Germany lead the way with smart waste management, we expect their metal treatment and coating businesses to enjoy some revenue growth. Moreover, projections for better days in motor vehicle manufacturing and construction promise a rosier prospect for metal treaters and coaters. After all, more cars and buildings mean more metal parts needing our touch for durability and aesthetics. Industry revenue is expected to improve at a compound annual rate of 5.5% over the five years through 2030 to €265.8 billion.

Copper rose to 5.19 USD/Lbs on December 2, 2025, up 0.35% from the previous day. Over the past month, Copper's price has risen 3.22%, and is up 25.36% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Copper - values, historical data, forecasts and news - updated on December of 2025.

The value generated from the export of iron & non-alloy steel bars and rods in the United Kingdom declined to ***** million British Pounds in 2024. In 2024, the value thereby reached its lowest value in recent years.

The European Iron and Steel Casting industry has evolved significantly in recent years, shaped by geopolitical, economic and technological factors. Casters have wrestled with considerable challenges resulting from global trade wars, stringent environmental regulations and volatility in metal prices. According to the World Steel Association, steel prices rose by 110% in 2021 due to pent-up demand and shortages of raw materials and intermediates after the COVID-19 outbreak in 2020. After significant revenue growth in 2021, driven by rising metal prices, foundries faced challenges in form of high interest rates and escalating building costs. A downturn in the manufacturing sector since 2023 has dented iron and steel casters’ sales. Still, revenue is expected to rise at a compound annual rate of 3.6% over the five years through 2025 to €27.6 billion, including an estimated 0.7% slump in 2025. The US government's imposition of heavy import duties in 2018 and again in 2025 hit the European iron and steel casting industry hard. The 25% tariff could alter trade flows, dampen demand and subduing profit in 2025. However, advancements in manufacturing processes and an increased emphasis on sustainability should restore some balance. With casting companies ramping up recycling efforts and switching to renewable energy sources, they’ve been better placed to comply with stringent European environmental standards and keep their carbon footprint under control. Revenue is forecast to rise at a compound annual rate of 3.7% over the five years through 2030 to €33.1 billion. Growing demand for renewable energy equipment, where iron and steel play a crucial role, is set to prop up sales in the future. Coupled with the current decarbonisation agenda across Europe, the industry will invest significantly in green technologies, aiming to increase efficiency, reduce emissions and make operations more sustainable. However, the rapid shift of the automotive sector towards electric vehicles (EVs) may hold back sales, as EVs don’t need as many iron and steel castings as more traditional vehicles, tending towards aluminium and other non-ferrous metal casting products instead.

445 Global import shipment records of Steel Wire with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

UK hot-rolled silico-manganese steel bar market forecast to grow at a 2.8% CAGR in value, reaching $7.6M by 2035, driven by rising demand despite recent import and consumption declines.

United Kingdom Exports: sa: BoP: MM: Non Ferrous Metal data was reported at 691.000 GBP mn in Jun 2018. This records an increase from the previous number of 653.000 GBP mn for May 2018. United Kingdom Exports: sa: BoP: MM: Non Ferrous Metal data is updated monthly, averaging 440.000 GBP mn from Jan 1998 (Median) to Jun 2018, with 246 observations. The data reached an all-time high of 939.000 GBP mn in Oct 2011 and a record low of 162.000 GBP mn in Apr 1999. United Kingdom Exports: sa: BoP: MM: Non Ferrous Metal data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s UK – Table UK.JA003: Trade Statistics: Current Prices: By Commodity Group: Seasonally Adjusted.

United Kingdom Exports: sa: BoP: Basic Materials: Metal Ores data was reported at 409.000 GBP mn in Sep 2018. This records an increase from the previous number of 386.000 GBP mn for Aug 2018. United Kingdom Exports: sa: BoP: Basic Materials: Metal Ores data is updated monthly, averaging 243.000 GBP mn from Jan 1998 (Median) to Sep 2018, with 249 observations. The data reached an all-time high of 499.000 GBP mn in May 2011 and a record low of 36.000 GBP mn in Apr 1999. United Kingdom Exports: sa: BoP: Basic Materials: Metal Ores data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s United Kingdom – Table UK.JA003: Trade Statistics: Current Prices: By Commodity Group: Seasonally Adjusted.