European Union - Producer prices in industry: Casting of iron was 123.20 points in April of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for European Union - Producer prices in industry: Casting of iron - last updated from the EUROSTAT on June of 2025. Historically, European Union - Producer prices in industry: Casting of iron reached a record high of 129.40 points in March of 2023 and a record low of 75.20 points in July of 2003.

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.

Graph and download economic data for Import Price Index by Origin (NAICS): Primary Metal Manufacturing for European Union (COEECZ331) from Jun 2012 to May 2025 about primary metals, EU, primary, imports, Europe, metals, manufacturing, price index, indexes, and price.

Europe's steel producers are signaling price increases for hot-rolled coil. Market optimism and extended CO2 emissions deadlines support this trend, with prices expected to rise due to higher raw material costs.

Europe's Iron and Steel Manufacturing industry represents a key backbone of the region's industrial landscape. It's strategically interlinked with various sectors like construction, automotive, machinery and equipment manufacturers. Given steel's versatile applications, the industry's fortunes regularly swing with Europe's broader macroeconomic environment and key drivers, including raw material prices like steel, iron ore and coking coal, alongside construction and motor vehicle manufacturing activity. Profit has dwindled in the face of low steel prices and heightened environmental regulations, which have inflated costs. Over the five years through 2025, revenue is expected to rise at a compound annual rate of 7.5%. However, revenue is projected to tumble by 0.4% in 2025 to €520.6 billion. The industry has faced its share of challenges due to fluctuations in global trade, raw material prices and dented demand from key sectors like construction and motor vehicle manufacturing since 2023. High labour costs and environmental regulations have challenged European steelmakers, with some receiving government support to improve efficiency and decarbonisation efforts, like ArcelorMittal and thyssenkrupp Steel. Over the five years through 2030, revenue is forecast to grow at a compound annual rate of 4.6% to reach €652.4 billion. The industry's outlook appears to be a blend of opportunities and hurdles. Initiatives like Germany's Steel 2030 are pointing towards a green future – necessitating significant production adjustments to incorporate steel scrap and energy-efficient technologies but promising sustainability and potentially new competitive advantages. The projected improvement in Europe's construction sector should translate into a broader and more vibrant demand for iron and steel manufacturers. Anticipated advances in electric vehicles and an anticipated transformation of the European automotive sector will likely alter demand patterns, making it crucial for manufacturers to stay agile and adapt.

Learn about the expected price hikes in the European steel market due to various challenges, including new trade restrictions and fluctuating energy costs.

ArcelorMittal's average steel selling price in Europe fluctuated between 2013 and 2024. However, the average price increased considerably after 2020 and peaked in 2022. In 2024, the average steel selling price was recorded at *** U.S. dollars per metric ton, with a slight decrease compared to the previous year.

European Union - Producer prices in industry: Manufacture of basic iron and steel and of ferro-alloys was 99.80 points in May of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for European Union - Producer prices in industry: Manufacture of basic iron and steel and of ferro-alloys - last updated from the EUROSTAT on July of 2025. Historically, European Union - Producer prices in industry: Manufacture of basic iron and steel and of ferro-alloys reached a record high of 144.20 points in May of 2022 and a record low of 45.90 points in January of 2002.

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.

European steel slab prices declined to $500/t CIF in April due to weak demand, marking a significant drop from earlier prices. The trend may persist in coming months.

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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

European Union PPI: EU 27E: Mfg: BF: BM: Iron & Steel data was reported at 107.700 2015=100 in Mar 2020. This records a decrease from the previous number of 107.900 2015=100 for Feb 2020. European Union PPI: EU 27E: Mfg: BF: BM: Iron & Steel data is updated monthly, averaging 106.700 2015=100 from Jan 2001 (Median) to Mar 2020, with 231 observations. The data reached an all-time high of 139.600 2015=100 in Aug 2008 and a record low of 68.600 2015=100 in Jan 2002. European Union PPI: EU 27E: Mfg: BF: BM: Iron & Steel data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s European Union – Table EU.I006: Eurostat: Producer Price Index: 2015=100.

Discover the latest trends in the European stainless steel market with a focus on hot-rolled round bars. Anticipated growth in consumption and market performance, with projections reaching 505K tons and $2.6B by 2035.

United Kingdom ExPI: EU: Basic Metals (BM): Basic Iron & Steel & of Ferro Alloys data was reported at 0.000 2005=100 in Oct 2012. This records a decrease from the previous number of 105.500 2005=100 for Sep 2012. United Kingdom ExPI: EU: Basic Metals (BM): Basic Iron & Steel & of Ferro Alloys data is updated monthly, averaging 40.950 2005=100 from Jan 1996 (Median) to Oct 2012, with 202 observations. The data reached an all-time high of 133.400 2005=100 in Apr 2011 and a record low of 0.000 2005=100 in Oct 2012. United Kingdom ExPI: EU: Basic Metals (BM): Basic Iron & Steel & of Ferro Alloys 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.I045: Foreign Trade Price Index: SIC 2007: 2005=100: Export Price Index: EU.

The EU market for raw steel and pig iron amounted to $44.3B in 2024, standing approx. at the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $53.6B in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

The global cold rolled steel market, valued at $85.64 billion in 2025, is projected to experience steady growth, driven by a Compound Annual Growth Rate (CAGR) of 3.7% from 2025 to 2033. This expansion is fueled primarily by the burgeoning automotive industry's demand for high-strength, lightweight steel in vehicle manufacturing, coupled with robust growth in the construction and infrastructure sectors, particularly in developing economies like India and China. Increased urbanization and infrastructure development projects globally are significant contributors to this market's growth trajectory. Furthermore, the growing consumer durables sector, encompassing appliances and electronics, necessitates cold rolled steel for its durability and formability. The market is segmented by application (automotive, construction and infrastructure, consumer durables, machinery, and others) and product type (cold rolled steel coil and cold rolled steel sheet). While the automotive segment currently holds a significant market share, the construction and infrastructure sector is poised for substantial growth due to large-scale infrastructural projects worldwide. Competitive pressures among leading companies are driving innovation in steel production processes, leading to cost efficiencies and improvements in material properties. However, fluctuating raw material prices (iron ore and coking coal) and global economic uncertainties pose challenges to the industry's sustained growth. Despite potential headwinds, the long-term outlook for the cold rolled steel market remains positive. Strategic partnerships, technological advancements in steel manufacturing, and increasing demand from emerging markets will continue to drive market expansion. The Asia-Pacific region, specifically China and India, is anticipated to be a key growth driver due to their expanding industrial bases and robust infrastructure development plans. North America and Europe, while exhibiting mature markets, will continue to contribute significantly, driven by ongoing replacement and upgrades within existing infrastructure and automotive manufacturing. Addressing environmental concerns through sustainable steel production practices and reducing carbon footprint is also emerging as a crucial factor influencing market dynamics, shaping the future landscape of the cold rolled steel industry.

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).

The European hot-rolled coil market is grappling with weak demand and oversupply, leading to declining prices. Despite these challenges, a market recovery is anticipated in the fall.

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Steel Manufacturing Market Size 2025-2029

The steel manufacturing market size is forecast to increase by USD 455.4 billion, at a CAGR of 4.5% between 2024 and 2029.

The market is driven by the increasing consumption of high-strength steel, which is increasingly preferred in various industries due to its superior properties. This trend is further fueled by the growing demand for steel and stainless steel scrap, serving as crucial raw materials in steel production. However, the market faces challenges from excess production capacity, leading to intense competition and price pressures. Companies must navigate these dynamics to capitalize on opportunities and maintain profitability. Strategic initiatives such as innovation, operational efficiency, and geographic expansion can help steel manufacturers stay competitive and thrive in this dynamic market.

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

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free SampleThe market continues to evolve, driven by dynamic market conditions and shifting applications across various sectors. Basic oxygen furnaces and blast furnaces remain the cornerstone of steel production, transforming iron ore into molten steel for further processing. The resulting steel is then shaped through continuous casting, hot rolling, and cold rolling into various forms such as bars, slabs, sheets, tubes, pipes, and plates. Steel consumption patterns are influenced by the demands of industries like consumer goods, automotive, construction, and energy. Stainless steel, with its superior strength and resistance to corrosion, finds extensive use in these sectors. Steel imports and exports shape global supply chains, with electric arc furnaces playing a crucial role in steel recycling and the production of alloy steel and high-strength steel. Steel grades and quality standards are continually evolving to meet the specific requirements of various applications. Carbon steel, galvanized steel, and prepainted steel are some of the many grades available. Steel pricing remains a critical factor, influenced by production costs, supply and demand, and market trends. The ongoing development of steel manufacturing technology further enhances the industry's ability to meet the evolving needs of its diverse customer base.

How is this Steel Manufacturing Industry segmented?

The steel manufacturing 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. End-userConstructionMachineryAutomotiveMetal productsOthersTypeFlatLongGeographyNorth AmericaUSCanadaEuropeFranceGermanyRussiaUKAPACChinaIndiaJapanSouth AmericaBrazilRest of World (ROW).

By End-user Insights

The construction segment is estimated to witness significant growth during the forecast period.The market is driven by the construction sector, which accounted for the largest share in 2024. This growth can be attributed to the construction of infrastructure projects such as skyscrapers, tech parks, roads, motorways, and bridges. Steel's strength and ductility make it an ideal choice for the building industry. It is commonly used in the production of high-strength plates for roads and bridges, rectangular tubing for welded frames, and beams for structural frameworks. Rebar and hollow structural components are also manufactured using steel. Additionally, steel is utilized in sign poles, fences, caissons, columns, culverts, pilings, and handrails due to its properties of durability, affordability, and adaptability for prolonged exposure to weather. Steel manufacturing processes include the use of electric arc furnaces, basic oxygen furnaces, and blast furnaces. Steel grades such as carbon steel, alloy steel, stainless steel, and high-strength steel are produced using these processes. Steel production capacity is increased through continuous casting, hot rolling, cold rolling, and continuous annealing. Steel scrap is recycled and reused in the manufacturing process, contributing to the sustainability of the industry. Steel applications extend beyond the construction industry to consumer goods, transportation, packaging, and industrial machinery. Prepainted steel, galvanized steel, and steel coatings are used in the production of appliances, automobiles, and packaging materials. Steel tubes and pipes are utilized in the oil and gas industry for transportation and storage. Steel wires are used in various applications such as fencing, wire ropes, and electrical conductors. Steel exports and imports play a significant role in the global steel market. Steel production and consumption vary across regions, leading to fluctuations in prices. Steel qu

Graph and download economic data for Import Price Index: Iron and steel mills and ferroalloy manufacturing for Eastern Europe, Latin America, OPEC countries, and other countries in Asia, Africa, and the Western Hemisphere (DISCONTINUED) (COOTHERZ3311) from Jun 2012 to Dec 2017 about Africa, ferroalloy, Latin America, Asia, iron, mills, steel, imports, Europe, manufacturing, price index, indexes, and price.