Steel rose to 3,043 CNY/T on October 21, 2025, up 0.50% from the previous day. Over the past month, Steel's price has fallen 1.68%, and is down 5.96% compared to the same time last year, 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 October of 2025.

HRC Steel fell to 811.05 USD/T on October 21, 2025, down 0.12% from the previous day. Over the past month, HRC Steel's price has fallen 2.17%, but it is still 15.04% higher than a year ago, 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 Settlement Price: Shanghai Future Exchange: Steel Rebar: 2nd M data was reported at 3,044.000 RMB/Ton in Apr 2025. This records a decrease from the previous number of 3,112.000 RMB/Ton for Mar 2025. China Settlement Price: Shanghai Future Exchange: Steel Rebar: 2nd M data is updated monthly, averaging 3,760.000 RMB/Ton from Mar 2009 (Median) to Apr 2025, with 194 observations. The data reached an all-time high of 5,835.000 RMB/Ton in Sep 2021 and a record low of 1,687.000 RMB/Ton in Nov 2015. China Settlement Price: Shanghai Future Exchange: Steel Rebar: 2nd M data remains active status in CEIC and is reported by Shanghai Futures Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZB: Shanghai Futures Exchange: Commodity Futures: Settlement Price.

Explore the factors influencing steel building prices, including global demand, supply chain issues, environmental regulations, and technological advancements. Learn about the potential fluctuations in steel prices and how these elements impact the construction and real estate sectors.

Commodity Index: Multi Commodity Exchange of India: Future Price: Metal data was reported at 5,092.260 2001=1000 in 10 Dec 2018. This records an increase from the previous number of 5,053.790 2001=1000 for 07 Dec 2018. Commodity Index: Multi Commodity Exchange of India: Future Price: Metal data is updated daily, averaging 4,242.070 2001=1000 from Jun 2005 (Median) to 10 Dec 2018, with 3904 observations. The data reached an all-time high of 5,741.310 2001=1000 in 03 Sep 2013 and a record low of 1,466.410 2001=1000 in 04 Jul 2005. Commodity Index: Multi Commodity Exchange of India: Future Price: Metal data remains active status in CEIC and is reported by Multi Commodity Exchange of India. The data is categorized under India Premium Database’s Financial Market – Table IN.ZF004: Commodity Index.

After demand for steel dropped during the arrival of the COVID-19 pandemic in 2019, steel prices also took a hit. However, in 2021, hot-rolled coil (HRC) steel prices were projected to rebound to around *** U.S. dollars per metric ton—a ** percent recovery from the dip in prices that had continued into 2020. The U.S. market by the end of 2021 The United States is among the markets where hot-rolled coil (HRC) steel prices are the highest in the world. It was expected that U.S. steel distributors and producers, such as Nucor and United States Steel, would benefit from the steel tariffs on U.S. imports that came into effect in the spring of 2018. At the same time, U.S. imports from the countries subjected to the so-called Section 232 tariffs were projected to decline. By the end of 2021, Canada was the main country of origin for the U.S.’s imports for consumption of steel products. Impact on the Chinese market Even though a large part of China's steel exports to the United States had already been restricted through antidumping or countervailing duties, trade tensions put pressure on steel markets worldwide, including China. Chinese steel product imports amounted to ***** million U.S. dollars, making it the ninth country of origin for steel products in the United States. Overall, rolled steel was the seventh largest category of Chinese export goods in 2021, amounting to almost *** billion yuan (approximately ** billion U.S. dollars). This comes after China's steel sector had a drop in sales to its domestic auto sector in early 2019.

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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

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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

Why did the Stainless Steel (Flat) Price Change in July 2025? The Stainless Steel (Flat) Price Index in North America registered a quarter-over-quarter decline of 5.3% in Q2 2025, reflecting a softening pricing environment driven by supply-demand imbalances and tepid downstream consumption.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Cold Rolled Steel Sheet and Strip (WPU101707) from Jun 1982 to Aug 2025 about steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

Explore how various market and economic factors affect stainless steel prices, examining historical trends and future influences using price graphs that reflect global demand, raw material costs, and geopolitical impacts.

Explore the factors influencing steel prices, including supply, demand, production costs, and geopolitical events. Understand the historical trends and the impact of COVID-19 on the steel market, providing insights for anticipating future price movements. Stay informed with current market reports for the latest updates.

China Settlement Price: Shanghai Future Exchange: Steel Rebar: 4th M data was reported at 3,085.000 RMB/Ton in Apr 2025. This records a decrease from the previous number of 3,185.000 RMB/Ton for Mar 2025. China Settlement Price: Shanghai Future Exchange: Steel Rebar: 4th M data is updated monthly, averaging 3,713.000 RMB/Ton from Mar 2009 (Median) to Apr 2025, with 194 observations. The data reached an all-time high of 5,853.000 RMB/Ton in Sep 2021 and a record low of 1,607.000 RMB/Ton in Nov 2015. China Settlement Price: Shanghai Future Exchange: Steel Rebar: 4th M data remains active status in CEIC and is reported by Shanghai Futures Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZB: Shanghai Futures Exchange: Commodity Futures: Settlement Price.

In 2025, the price of platinum is forecast to hover around ***** U.S. dollars per troy ounce. Meanwhile, the cost of per troy ounce of gold is expected to amount to ***** U.S. dollars. Precious metals Precious metals are counted among the most valuable commodities worldwide. The most well known such metals are gold, silver and the platinum group metals. A precious metal can be used as an industrial commodity or as an investment. The major areas of application include the following sectors: technology, car-making, industrial manufacturing and jewelry making. Furthermore, gold and silver are used as coinage metals, and gold reserves are held by the central banks of many countries worldwide in order to store value or for use as a redemption medium. The idea behind this procedure is that gold reserves will help secure and stabilize the countries’ respective currencies. At ***** tons, the United States is the country with the most extensive stock of gold. It is kept in an underground vault at the New York Federal Reserve Bank. Russia, the United States, Canada, South Africa and China are the main producers of precious metals. Silver is the most abundant of the metals, followed by gold and palladium. Barrick Gold is the world’s largest gold mining company. The Toronto-based firm produced some **** million ounces of gold in 2020. The leading silver producers include Mexico-based Fresnillo, Poland’s KGHM Polska Miedž and the mining giant Glencore. Anglo Platinum and Impala are the key mining companies to produce platinum group metals. In 2023, Silver prices are expected to settle at around **** U.S. dollars per troy ounce. It is expected to remain the precious metal with the lowest value per ounce. The price of gold is forecast to drop to around ***** U.S. dollars per ounce, making it the most expensive precious metal in 2023.

The global raw steel market, a cornerstone of the global economy, is experiencing robust growth, driven by burgeoning infrastructure development, particularly in emerging economies like India and China. The market's substantial size, estimated at approximately $800 billion in 2025, reflects its vital role in various sectors, including construction, automotive manufacturing, and energy. A compound annual growth rate (CAGR) of around 4% is projected for the forecast period of 2025-2033, indicating sustained expansion despite potential headwinds. Key growth drivers include increasing urbanization, rising disposable incomes leading to increased demand for consumer goods, and the ongoing global transition towards renewable energy, which demands significant steel input for infrastructure like wind turbines and solar panel frameworks. However, factors such as fluctuating raw material prices, environmental regulations aimed at reducing carbon emissions in steel production, and potential economic downturns could act as restraints, moderating the market's growth trajectory. The competitive landscape is dominated by major integrated steel producers including ArcelorMittal, China Baowu, and Nippon Steel, along with other significant players like POSCO, Tata Steel, and Nucor, reflecting the industry's high capital intensity and economies of scale. The market's segmentation, likely divided geographically and by steel grade (e.g., carbon steel, stainless steel), reveals diverse opportunities, but requires strategic adaptability to regional regulations and evolving customer preferences. The historical period (2019-2024) likely witnessed fluctuating growth, reflecting global economic shifts and pandemic-related disruptions. The forecast period anticipates continued growth, albeit at a potentially moderated pace, given the inherent cyclical nature of the steel industry and the increasing pressure for sustainable production practices. The future of the raw steel market hinges on technological advancements aimed at carbon reduction and improved efficiency. Companies are investing heavily in research and development to explore greener production methods, such as hydrogen-based steelmaking, to meet growing environmental concerns. Furthermore, the adoption of advanced manufacturing techniques and data analytics is likely to enhance productivity and reduce waste. This technological push will influence the competitive landscape, favoring companies adept at innovation and sustainable practices. Geographic diversification will remain crucial, especially for companies aiming to capitalize on growth opportunities in emerging markets. Strategic collaborations, mergers, and acquisitions are likely to reshape the industry landscape, fostering consolidation and improving operational efficiency. Government policies, trade agreements, and geopolitical factors also play a significant role in shaping the market's trajectory. Overall, a balanced approach that combines strategic investments in innovation, sustainability, and global market expansion is crucial for navigating the complexities and maximizing returns within the raw steel sector.

The global building long-rolled steel market is experiencing robust growth, driven by the burgeoning construction industry worldwide. While precise market size data for 2025 isn't provided, considering typical market sizes for similar materials and a reasonable CAGR (let's assume a conservative CAGR of 5% for illustrative purposes), we can estimate the 2025 market size to be approximately $150 billion USD. This robust growth is fueled by several key drivers, including increasing urbanization, infrastructure development projects (particularly in developing economies), and the rising demand for resilient and sustainable building materials. The residential construction segment continues to be a significant contributor, but the commercial and industrial building segments are showing accelerated growth, driven by expansion in manufacturing and logistics sectors. The prevalence of rebar and structural shapes within the product segments further bolsters the market's overall value. However, challenges remain, including fluctuations in raw material prices (iron ore, scrap steel), governmental regulations regarding environmental sustainability, and potential supply chain disruptions that could affect market stability. Despite these challenges, the long-term outlook for the building long-rolled steel market remains positive. Ongoing infrastructure investments globally, combined with increasing urbanization in emerging markets, are expected to sustain high demand. Technological advancements in steel production, focusing on improved efficiency and reduced environmental impact, will also influence market dynamics. The market segmentation by application (residential, commercial, industrial) and type (rebar, structural shapes, wire rod) provides valuable insights for stakeholders to identify lucrative opportunities within specific niches. Companies such as Ruukki, NSSMC, and ThyssenKrupp are key players competing for market share, leveraging their established manufacturing capabilities and global reach. The market's regional distribution is also diverse, with significant presence in North America, Europe, and Asia Pacific, reflecting global construction activity patterns. Further, the market will witness growing use of advanced high-strength steel to enable efficient construction methods leading to increased demand for building long-rolled steel. This in-depth report provides a comprehensive overview of the global building long-rolled steel market, offering valuable insights into market dynamics, key players, and future growth prospects. With a focus on market size, segmentation, and competitive landscape, this report is an indispensable resource for businesses, investors, and researchers seeking to understand and navigate this dynamic industry. Keywords: Long Rolled Steel, Steel Rebar, Structural Steel Shapes, Wire Rod, Steel Market, Construction Steel, Building Materials, Steel Industry, Metal Market.

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.

The global H-section steel market, valued at $134,640 million in 2025, is projected to experience robust growth, driven by a compound annual growth rate (CAGR) of 4.5% from 2025 to 2033. This expansion is fueled by the increasing demand from the construction sector, particularly in infrastructure development and high-rise buildings where H-section steel's high strength-to-weight ratio and structural integrity are highly valued. Furthermore, growth in manufacturing and industrial sectors, requiring robust and reliable steel components, contributes significantly to market expansion. The rising adoption of sustainable building practices, favoring prefabricated components and efficient construction methods that H-section steel readily supports, also presents a significant growth opportunity. Competition among major players like ArcelorMittal, China Baowu Steel Group, and Nippon Steel Corporation, is expected to intensify, leading to product innovation and price adjustments. Despite the positive outlook, the market faces challenges including fluctuating raw material prices (iron ore and coal) which directly impact production costs and profitability. Moreover, environmental regulations concerning steel production emissions and carbon footprints are increasingly stringent, necessitating investments in cleaner technologies and potentially impacting overall market dynamics. Regional variations in growth are anticipated, with developing economies experiencing higher growth rates due to rapid urbanization and infrastructure development. North America and Europe, while mature markets, will likely see steady growth driven by ongoing construction and renovation projects and a focus on sustainable building materials. The segmentation of the market (by type, application, and end-use industry) while not provided, will likely impact growth projections. A deeper analysis of these segments would offer a more granular understanding of future market trends and opportunities.

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.

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).