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

European Union - Producer prices in industry: Casting of steel was 125.80 points in September 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 steel - last updated from the EUROSTAT on November of 2025. Historically, European Union - Producer prices in industry: Casting of steel reached a record high of 127.20 points in February of 2025 and a record low of 71.10 points in January of 2005.

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

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.

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.

During the second quarter of 2025, the average price of hot-rolled coil steel in the United States stood at *** U.S. dollars per metric ton. During the same period, the price in Europe was lower at *** U.S. dollars.

European Union - Producer prices in industry: Manufacture of basic iron and steel and of ferro-alloys was 97.00 points in September 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 December 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.

The Europe steel market size reached USD 236.9 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 260.1 Billion by 2033, exhibiting a growth rate (CAGR) of 1.15% during 2025-2033. The widespread product utilization in the construction industry, growing product applications in the automotive industry, increasing product demand for manufacturing home appliances, and the implementation of favorable policies by the regional governments represent some of the key factors driving the market.

IMARC Group provides an analysis of the key trends in each segment of the Europe steel market report, along with forecasts at the regional and country levels for 2025-2033. Our report has categorized the market based on type, product, and application.

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.

Analysis of the EU flat-rolled steel products market, including consumption, production, trade, and a forecast to 2035. Covers key countries, market values, volumes, and price trends.

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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

Analysis of the EU raw steel and semi-finished steel products market, including consumption, production, trade, and a forecast to 2035. Covers key countries, import/export trends, and price developments.

European Casting of Steel Market Size Value Share by Country (Euros), 2023 Discover more data with ReportLinker!

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.

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

European Steel Drums and Similar Containers Production Value by Country, 2023 Discover more data with ReportLinker!

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.

United Kingdom ExPI: Non EU: Basic Metals (BM): Basic Iron & Steel & Of Ferro Alloy data was reported at 0.000 2005=100 in Oct 2012. This records a decrease from the previous number of 152.200 2005=100 for Sep 2012. United Kingdom ExPI: Non EU: Basic Metals (BM): Basic Iron & Steel & Of Ferro Alloy data is updated monthly, averaging 66.850 2005=100 from Jan 1996 (Median) to Oct 2012, with 202 observations. The data reached an all-time high of 167.500 2005=100 in Sep 2011 and a record low of 0.000 2005=100 in Oct 2012. United Kingdom ExPI: Non EU: Basic Metals (BM): Basic Iron & Steel & Of Ferro Alloy 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.I046: Foreign Trade Price Index: SIC 2007: 2005=100: Export Price Index: Non EU.

In Q3 2025, USA, the Steel Plate Price Index fell by 4.89% quarter-over-quarter, reflecting persistent demand softness and oversupply. Check detailed insights for Europe and APAC.

Current spot price plus 1-month and 1-year forecasts for Steel Scrap (Europe) as published on ChAI Predict.