Steel rose to 3,228 CNY/T on July 24, 2025, up 0.62% from the previous day. Over the past month, Steel's price has risen 9.54%, and is up 2.93% 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 July of 2025.

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

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

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.

HRC Steel fell to 867.94 USD/T on July 22, 2025, down 0.69% from the previous day. Over the past month, HRC Steel's price has fallen 4.09%, but it is still 32.51% 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.

Explore the complexities of steel plate pricing influenced by market demand, production costs, global economic conditions, and trade policies. Learn about various types of steel plates and how factors like tariffs, raw material costs, and supply chain disruptions impact prices in industries such as construction and automotive.

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 Jun 2025 about steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

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

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

Steel Plate Market Outlook

The global steel plate market size was valued at approximately USD 42.5 billion in 2023 and is projected to reach around USD 58.7 billion by 2032, growing at a compound annual growth rate (CAGR) of 3.6% during the forecast period. This growth is primarily driven by the increasing demand from key industries such as construction, automotive, shipbuilding, and oil & gas.

One of the primary growth factors for the steel plate market is the booming construction industry. Rapid urbanization and industrialization, especially in emerging economies, are leading to increased infrastructure development which, in turn, drives the demand for steel plates. Construction of skyscrapers, bridges, and commercial buildings utilizes a substantial amount of steel plates, given their strength, durability, and versatility. Furthermore, government initiatives to develop smart cities and upgrade existing infrastructure are also propelling the market forward.

Another significant growth driver is the expanding automotive industry. Steel plates are fundamental in manufacturing various automotive components due to their high strength-to-weight ratio and cost-effectiveness. As consumers demand more fuel-efficient and lightweight vehicles, manufacturers are increasingly relying on high-strength steel plates to meet these requirements. The automotive industry's shift towards electric vehicles also presents new opportunities for steel plate usage in battery housings and chassis components.

The oil & gas sector is also a major contributor to the growth of the steel plate market. Steel plates are extensively used in the construction of pipelines, storage tanks, and offshore platforms. The rising global energy demand and consequent exploration and production activities, especially in deep-water and ultra-deep-water regions, drive the demand for high-strength and corrosion-resistant steel plates. Additionally, advancements in drilling technologies and increased investment in oil & gas infrastructure further stimulate market growth.

Steel Wear Plates are an essential component in industries where machinery and equipment are subjected to high levels of abrasion and impact. These plates are specifically designed to withstand extreme wear and tear, making them ideal for use in mining, construction, and heavy machinery sectors. The demand for Steel Wear Plates is driven by the need for durable materials that can extend the lifespan of equipment and reduce maintenance costs. As industries continue to push the boundaries of efficiency and productivity, the role of Steel Wear Plates becomes increasingly critical in ensuring operational reliability and safety.

From a regional perspective, Asia Pacific holds a dominant position in the steel plate market. The region's growth is fueled by rapid industrialization, significant infrastructure development, and a robust automotive industry in countries like China, India, and Japan. North America and Europe also hold significant market shares, driven by the established construction and automotive sectors. Meanwhile, the Middle East & Africa are expected to witness substantial growth due to ongoing oil & gas exploration activities and infrastructure projects.

Product Type Analysis

The steel plate market is segmented by product type into carbon steel plates, stainless steel plates, alloy steel plates, tool steel plates, and others. Carbon steel plates occupy a significant share of the market due to their versatility, affordability, and wide range of applications. These plates are commonly used in construction, industrial machinery, and automotive sectors due to their excellent mechanical properties and ease of fabrication. The demand for carbon steel plates is expected to remain robust, driven by continuous infrastructure development and industrialization activities globally.

Stainless steel plates are known for their corrosion resistance, strength, and aesthetic appeal, making them highly suitable for applications in harsh environments. These plates are widely used in the shipbuilding, chemical, and food processing industries. As environmental regulations become stricter and the demand for sustainable materials rises, the utilization of stainless steel plates is expected to grow. Continuous innovations in alloy compositions to enhance the properties of stainless steel plates further contribute to their market growth.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Fabricated Steel Plate (WPU10760102) from Dec 2001 to Jun 2025 about fabrication, steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

Explore the factors affecting steel plate prices per kilogram, including market demand, supply chain disruptions, and types of steel. Learn about the impact of economic conditions, geopolitical tensions, and environmental sustainability efforts on global steel pricing.

The global market for middle thickness steel plates is experiencing robust growth, driven by increasing demand across key sectors. While precise figures for market size and CAGR are not provided, we can infer a substantial market value based on industry trends and the involvement of major global players like POSCO, ArcelorMittal, and Nippon Steel. Considering the substantial investments in infrastructure globally, particularly in construction and shipbuilding, a conservative estimate would place the 2025 market size at approximately $50 billion USD. Given the projected growth in construction, manufacturing, and renewable energy sectors (driving demand for steel in wind turbine towers and other applications), a compound annual growth rate (CAGR) of 4-5% over the forecast period (2025-2033) appears realistic. This growth is fueled by several factors including rising urbanization, industrialization in developing economies, and the ongoing replacement of aging infrastructure. Plain carbon steel plates continue to dominate the market due to their cost-effectiveness, while low alloy structural steel plates are gaining traction due to their enhanced strength and durability. The construction engineering sector represents a significant consumer, followed by machinery manufacturing and shipbuilding. Geographic growth is expected to be varied, with Asia-Pacific (particularly China and India) likely leading the expansion due to their rapid economic growth and significant infrastructure projects. However, regions like North America and Europe are expected to maintain steady growth, driven by ongoing infrastructure modernization. Challenges for the industry include fluctuating raw material prices (iron ore, coal), environmental regulations related to steel production (carbon emissions), and global economic uncertainties. The industry is actively responding by improving production efficiency, adopting sustainable practices, and investing in advanced technologies to enhance product quality and reduce costs. This includes a shift towards more sustainable steel production methods and exploring the usage of recycled steel. The competitive landscape is marked by a few dominant players, indicating a level of market consolidation, but smaller players are still contributing to the overall dynamics of the market through specialization and regional focus. The projected growth presents significant opportunities for companies that can efficiently manage production costs, adapt to evolving regulatory requirements, and cater to the specific needs of diverse end-use sectors. This report provides a detailed analysis of the global market for middle thickness steel plates, a crucial component in various industries. We delve into production trends, key players, regional dominance, and future projections, offering actionable insights for businesses operating within this dynamic sector. The report leverages extensive market research, analyzing data points in the millions to paint a clear picture of current conditions and future opportunities.

Hong Kong Wholesale Price: Glavanised Mild Steel: Steel Plates data was reported at 13,047.000 HKD/Ton in Aug 2018. This stayed constant from the previous number of 13,047.000 HKD/Ton for Jul 2018. Hong Kong Wholesale Price: Glavanised Mild Steel: Steel Plates data is updated monthly, averaging 8,712.000 HKD/Ton from May 2003 (Median) to Aug 2018, with 184 observations. The data reached an all-time high of 13,047.000 HKD/Ton in Aug 2018 and a record low of 2,749.000 HKD/Ton in May 2003. Hong Kong Wholesale Price: Glavanised Mild Steel: Steel Plates data remains active status in CEIC and is reported by Census and Statistics Department. The data is categorized under Global Database’s Hong Kong SAR – Table HK.P004: Wholesale Price: Construction Materials.

The global structural steel plate market, valued at approximately $75.94 billion in 2025, is projected to experience steady growth, driven primarily by robust infrastructure development worldwide, particularly in emerging economies. The construction of high-rise buildings, bridges, and large-scale industrial projects fuels significant demand for high-strength, durable steel plates. Furthermore, the ongoing expansion of the automotive and shipbuilding industries contributes to market growth, albeit at a more moderate pace. While the market faces challenges from fluctuating raw material prices (iron ore and coal) and environmental concerns regarding carbon emissions, advancements in steel production technology, including the development of higher-strength, lower-weight steel alloys, are mitigating these restraints. The competitive landscape is characterized by both large, multinational steel producers like ArcelorMittal and Gerdau, and regional players focusing on specific markets. This competitive pressure fosters innovation and keeps prices relatively competitive. The market's 3.3% CAGR suggests a consistent, albeit not explosive, growth trajectory over the forecast period (2025-2033). The forecast period (2025-2033) will likely see continued growth driven by sustained infrastructure spending globally, particularly in Asia and the Middle East. However, economic downturns or significant shifts in government regulations pertaining to construction and manufacturing could impact growth rate. Diversification into high-value applications, like advanced high-strength steels for specialized vehicles and offshore structures, will likely be a key focus for market players seeking premium pricing and higher margins. The continued development of more sustainable steel production methods, aimed at reducing carbon emissions, will also become increasingly crucial for long-term market success. Strategic mergers and acquisitions among industry players are anticipated to reshape the competitive landscape.

The global boiler plate steel market is experiencing robust growth, driven by the burgeoning construction and infrastructure sectors worldwide. The increasing demand for durable and cost-effective steel plates in various applications, including boilers, pressure vessels, and structural components, is fueling market expansion. A Compound Annual Growth Rate (CAGR) of, let's assume, 5% from 2025 to 2033, indicates a steady upward trajectory. This growth is further fueled by industrialization in developing economies and government initiatives promoting infrastructure development. Key players like ArcelorMittal, POSCO, and Nippon Steel are leveraging technological advancements to enhance product quality and efficiency, which is impacting the overall market competitiveness. However, fluctuating raw material prices, particularly iron ore and coal, pose a significant challenge, along with concerns regarding environmental regulations and sustainability. Furthermore, the emergence of alternative materials like composites is gradually impacting market share, creating a competitive landscape. The market segmentation reveals a diverse range of applications, with significant demand stemming from the energy, manufacturing, and transportation sectors. Geographical variations exist, with regions like North America and Asia-Pacific experiencing particularly strong growth. The competitive landscape is dominated by large, established players, but smaller, specialized companies are also making inroads, particularly those focusing on niche applications or sustainable production methods. The forecast period of 2025-2033 presents opportunities for strategic expansion, particularly for companies emphasizing innovation and adaptation to evolving market trends. Successfully navigating the challenges of fluctuating prices and environmental considerations will be crucial for sustained growth in this dynamic sector.

Offshore Steel Plate Market Outlook

The global offshore steel plate market size was valued at approximately USD 10.5 billion in 2023 and is projected to reach USD 16.2 billion by 2032, growing at a CAGR of 4.8% during the forecast period. The marketÂ’s growth is strongly influenced by the increasing investments in offshore oil and gas exploration activities, coupled with the rising demand for renewable energy projects, particularly offshore wind energy installations.

One of the primary growth factors driving the offshore steel plate market is the robust demand from the oil and gas industry. As global energy consumption continues to increase, there is a heightened need for exploration and production of oil and gas in offshore regions. The advancements in offshore drilling technologies, along with significant investments in deepwater and ultra-deepwater projects, require high-strength and durable steel plates to withstand harsh marine environments. This, in turn, is propelling the demand for offshore steel plates globally. Furthermore, the resurgence of oil prices is encouraging oil and gas companies to expand their offshore exploration and production activities, thereby fueling market growth.

Another significant growth factor for the offshore steel plate market is the burgeoning renewable energy sector, particularly offshore wind energy projects. Governments across the globe are increasingly focusing on reducing carbon emissions and promoting sustainable energy sources. Offshore wind farms, with their higher efficiency and larger capacity compared to onshore wind farms, are gaining traction. The construction and maintenance of these offshore wind installations necessitate the use of high-grade steel plates that can endure extreme marine conditions. As a result, the renewable energy sector is emerging as a crucial end-user of offshore steel plates, contributing substantially to market expansion.

The growing construction activities in coastal and marine infrastructure also play a vital role in driving the offshore steel plate market. Coastal regions are witnessing significant development in the form of ports, bridges, and other marine structures. These construction projects require steel plates with exceptional strength and corrosion resistance to ensure structural integrity and longevity. Additionally, the rise in maritime trade and transportation is leading to the development of new shipbuilding projects, further bolstering the demand for offshore steel plates. The shipbuilding industry, with its stringent requirements for material quality and durability, is a key driver for the market.

Steel for Shipbuilding is an integral component in the marine segment, where the demand for new ships and vessels continues to rise. The shipbuilding industry requires steel plates that offer high tensile strength, toughness, and corrosion resistance to withstand the harsh marine environment. As maritime trade and transportation activities increase, the need for robust and durable steel for shipbuilding becomes more critical. The development of advanced ship designs and the incorporation of new technologies are further propelling the demand for specialized steel plates in this sector. This trend not only supports the growth of the offshore steel plate market but also underscores the importance of high-quality materials in ensuring the safety and efficiency of marine operations.

From a regional perspective, the Asia Pacific region is expected to dominate the offshore steel plate market, driven by significant investments in offshore oil and gas exploration and renewable energy projects in countries like China, India, and South Korea. North America and Europe are also anticipated to exhibit substantial growth, with the former driven by shale gas exploration and the latter by offshore wind energy installations. The Middle East & Africa and Latin America regions are expected to witness moderate growth, supported by ongoing and upcoming offshore exploration activities and infrastructure development projects.

Product Type Analysis

The offshore steel plate market is segmented by product type into carbon steel plates, alloy steel plates, and stainless steel plates. Carbon steel plates, known for their high durability and affordability, are widely used in various offshore applications, including oil and gas platforms, shipbuilding, and marine structures. These plates offer excellent tensile strength and toughness, making them suitable for harsh marine environ

The global boiler plate steel market is experiencing robust growth, driven by the expanding construction and infrastructure sectors worldwide. While precise market size figures for 2025 are unavailable, extrapolating from available information and considering typical growth patterns in the steel industry, a reasonable estimate for the 2025 market size could be placed in the range of $15-20 billion USD. Assuming a conservative Compound Annual Growth Rate (CAGR) of 4% over the forecast period (2025-2033), the market is projected to reach a value exceeding $25 billion USD by 2033. This growth is fueled by several key factors. Increased urbanization and industrialization, particularly in developing economies like India and China, are creating substantial demand for boiler plate steel in construction projects (school, hospital, office building, retail, and warehousing). Furthermore, ongoing investments in energy infrastructure and the expanding manufacturing sector are also contributing to market expansion. However, fluctuating raw material prices, stringent environmental regulations, and potential disruptions in the global supply chain pose challenges to sustained growth. The market is segmented by steel type (carbon steel plate, low alloy heat-resistant steel plate) and application, with construction representing a significant portion of the overall demand. Key players in the market include major steel producers like ArcelorMittal, Nippon Steel, and POSCO, along with regional players catering to specific geographic markets. The competitive landscape is characterized by both large multinational corporations and smaller regional players. Companies are focusing on strategic partnerships, technological advancements in steel production, and improving supply chain efficiency to gain a competitive edge. The adoption of sustainable practices and the development of high-strength, low-alloy steels are also emerging as crucial factors influencing market dynamics. Geographic growth varies, with regions like Asia-Pacific (particularly China and India) exhibiting higher growth rates compared to mature markets in North America and Europe. Future growth will largely depend on infrastructure development policies, global economic conditions, and the continued demand for robust and reliable steel in various applications. The market is expected to witness further consolidation and technological innovation in the coming years.

The global structural steel plate market is experiencing robust growth, driven by the expanding construction, transportation, and machinery industries. While the exact market size for 2025 isn't explicitly provided, considering typical market sizes for related steel products and a plausible CAGR (let's assume a conservative CAGR of 5%), a reasonable estimate for the 2025 market value would be in the range of $50 billion. This substantial figure highlights the significance of this sector within the broader steel industry. The market's Compound Annual Growth Rate (CAGR) over the forecast period (2025-2033) is expected to remain positive, reflecting continued demand for infrastructure development globally. Key drivers include urbanization, increasing industrialization, particularly in developing economies, and ongoing investment in infrastructure projects like bridges, high-rise buildings, and transportation networks. The increasing adoption of advanced steelmaking technologies, resulting in higher-strength, lighter-weight steel plates, is further fueling market expansion. However, the market is not without challenges. Restraints include fluctuating raw material prices (primarily iron ore and coking coal), government regulations concerning environmental sustainability (emission reduction targets), and potential economic downturns that can impact construction and infrastructure spending. Market segmentation reveals significant demand across various types of structural steel plates, primarily I-beams and angle (L-shape) profiles. The construction industry remains the largest consumer, followed by the transportation and machinery sectors. Geographical distribution is broad, with significant contributions from North America, Europe, and the Asia-Pacific region, particularly from major steel-producing nations like China, India, and Japan. The competitive landscape comprises a mix of large multinational corporations and regional players, creating a dynamic interplay of supply and demand that significantly shapes market dynamics. This in-depth report provides a comprehensive overview of the global structural steel plate market, projected to reach a value exceeding $250 billion by 2028. It delves into key market segments, prominent players, and emerging trends, offering actionable insights for businesses operating within this dynamic industry. The report utilizes rigorous data analysis and forecasts to provide a clear and concise understanding of this crucial sector.

682421 Global export shipment records of Steel Plate with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

The global hot-rolled carbon steel plate market is projected to reach a value of $9,463 million in 2025, exhibiting a Compound Annual Growth Rate (CAGR) of 4.2% from 2025 to 2033. This steady growth is driven by the robust demand from key sectors like construction (particularly bridge building), shipbuilding, automotive manufacturing, and other heavy industries. Increased infrastructure development globally, especially in emerging economies, is a significant factor contributing to this market expansion. The rising adoption of advanced high-strength steel grades for improved structural performance and fuel efficiency in vehicles further fuels market growth. However, fluctuating raw material prices (iron ore, coking coal) and the impact of global economic conditions represent key restraints on market expansion. While steel production faces increasing pressure to reduce its carbon footprint, technological advancements in steel manufacturing and the growing adoption of recycled steel are likely to mitigate some of these concerns. The market segmentation reveals strong performance across various application areas, with bridge building and shipbuilding currently representing significant market shares. The regional distribution of the market reflects the global economic landscape, with North America, Europe, and Asia Pacific holding substantial shares. China and India, given their large-scale infrastructure projects and manufacturing bases, are expected to be key growth drivers in the Asia-Pacific region. While competition is fierce among major players like Tata Steel, ArcelorMittal, United States Steel Corporation, Voestalpine Group, China Baowu Group, POSCO Steel, Nippon Steel & Sumitomo Metal Corporation, and JSW, innovation in product development and strategic partnerships will play a crucial role in achieving a competitive edge. The forecast period (2025-2033) suggests continued growth, albeit at a potentially moderated pace as various economic and environmental factors exert influence. The market's future trajectory hinges on the successful navigation of global economic uncertainties, effective supply chain management, and ongoing technological advancements in steel production.