Steel rose to 3,110 CNY/T on July 17, 2025, up 0.81% from the previous day. Over the past month, Steel's price has risen 5.32%, but it is still 4.51% 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 Producer Price Index by Commodity: Metals and Metal Products: Carbon Steel Scrap (WPU101211) from Dec 1986 to Jun 2025 about steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

HRC Steel fell to 873.06 USD/T on July 18, 2025, down 0.22% from the previous day. Over the past month, HRC Steel's price has fallen 3.64%, but it is still 32.48% 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.

In the second quarter of financial year 2025, the cost of a 16 mm steel bar in the Indian cities of Chennai and Hyderabad reached ** Indian rupees per kilogram. However, in Delhi, the steel was slightly more affordable. Compared to the previous year, there was a noticeable increase in steel prices across all cities. The significant uptick in the cost of steel in India towards the end of 2020, was believed to be a result of China’s increased demand for Indian iron ore. Crude steel India’s crude steel production has been growing steadily, with the basic oxygen furnace (BOF) being the preferred production method. While both private and public sector companies contribute to this production, the private sector, dominates the market. JSW Steel, in particular, has the highest production capacity in India, contributing significantly to the country’s position as the world’s second-largest producer of steel. Steel consumption in India Steel consumption in India has been on a steady rise, with the country’s rapid industrialization and development in sectors such as construction, automobile, and infrastructure. This upward trend in steel consumption is estimated to persist, with an annual growth rate of **** percent in fiscal year 2024.

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.

In 2023, the average selling prince of South Korean steel works company POSCO's carbon steel amounted to around **** million South Korean won per metric ton. This was a slight decrease compared to the previous year, but still represented the second-highest number of the past decade.

Metal and Steel Price: Delhi: Cold Rolled Coils 1.00 mm data was reported at 67,850.000 INR/Metric Ton in Apr 2025. This records an increase from the previous number of 66,080.000 INR/Metric Ton for Mar 2025. Metal and Steel Price: Delhi: Cold Rolled Coils 1.00 mm data is updated monthly, averaging 48,690.000 INR/Metric Ton from Aug 2003 (Median) to Apr 2025, with 257 observations. The data reached an all-time high of 94,990.000 INR/Metric Ton in Apr 2022 and a record low of 24,300.000 INR/Metric Ton in Oct 2003. Metal and Steel Price: Delhi: Cold Rolled Coils 1.00 mm data remains active status in CEIC and is reported by Joint Plant Committee. The data is categorized under India Premium Database’s Metal and Steel Sector – Table IN.WAC008: Metal and Steel Retail Prices: New Delhi: Monthly.

Metal and Steel Price: Delhi: Cold Rolled Coils 0.63 mm data was reported at 68,640.000 INR/Metric Ton in Apr 2025. This records an increase from the previous number of 67,460.000 INR/Metric Ton for Mar 2025. Metal and Steel Price: Delhi: Cold Rolled Coils 0.63 mm data is updated monthly, averaging 48,792.000 INR/Metric Ton from Aug 2003 (Median) to Apr 2025, with 257 observations. The data reached an all-time high of 96,760.000 INR/Metric Ton in Apr 2022 and a record low of 25,300.000 INR/Metric Ton in Oct 2003. Metal and Steel Price: Delhi: Cold Rolled Coils 0.63 mm data remains active status in CEIC and is reported by Joint Plant Committee. The data is categorized under India Premium Database’s Metal and Steel Sector – Table IN.WAC008: Metal and Steel Retail Prices: New Delhi: Monthly.

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.

The global market for metal structured packing is experiencing steady growth, projected at a compound annual growth rate (CAGR) of 3.6% from 2019 to 2033. In 2025, the market size is estimated at $322 million. This expansion is driven by increasing demand from the chemical, petrochemical, and fertilizer industries, where high efficiency and low pressure drop are crucial for separation processes. The preference for stainless steel and carbon steel types reflects the industry's need for robust and corrosion-resistant materials. Emerging trends such as stricter environmental regulations promoting energy-efficient separation technologies and advancements in packing design leading to improved mass transfer efficiency further contribute to market growth. While challenges remain, such as the fluctuating prices of raw materials and potential supply chain disruptions, the overall outlook for metal structured packing remains positive. Geographic distribution shows a significant presence in North America and Europe, reflecting established chemical and processing industries, with Asia-Pacific expected to witness significant growth in the coming years due to expanding industrialization and infrastructure development. Key players, including Vereinigte Füllkörper-Fabriken GmbH & Co KG (VFF), Koch Industries, and Sulzer, are driving innovation and competition within the market, leading to continuous improvement in product quality and performance. The segments within the metal structured packing market offer various opportunities. The chemical industry remains the dominant application, followed by petrochemicals and fertilizers. Stainless steel maintains a larger market share than carbon steel due to its superior corrosion resistance, particularly in harsh chemical environments. However, carbon steel continues to be a significant player due to its cost-effectiveness in less demanding applications. The "Others" category within both application and type segments signifies opportunities for niche applications and material innovations. Growth in developing economies will further drive market segmentation as various industries expand, leading to diversified needs and regional preferences. This presents opportunities for specialized manufacturers to cater to specific application requirements, resulting in a more fragmented but dynamic market landscape.

The global stainless steel bearing units market is projected to reach a value of $505 million in 2025, exhibiting a robust Compound Annual Growth Rate (CAGR) of 5.1% from 2025 to 2033. This growth is fueled by several key factors. The increasing demand for corrosion-resistant bearings across diverse industries, such as food processing, pharmaceuticals, and chemical manufacturing, is a primary driver. Stainless steel bearings offer superior durability and longevity compared to their carbon steel counterparts, reducing maintenance costs and downtime—a significant advantage in demanding operational environments. Furthermore, the burgeoning adoption of automation and robotics across various sectors further boosts market growth, as these technologies rely heavily on high-performance bearings capable of withstanding harsh conditions. Growth is also being driven by innovations in bearing design and materials, leading to enhanced performance and efficiency. Leading players like NSK, NTN, SKF, BJ Gear, KG Bearing, LDK Bearing, FBJ Bearing, and LYC are actively contributing to market expansion through continuous product development and strategic partnerships. While the market exhibits significant growth potential, certain challenges exist. Fluctuations in raw material prices, particularly stainless steel, can impact profitability and product pricing. Furthermore, the relatively high initial cost of stainless steel bearings compared to other bearing types might limit adoption in price-sensitive applications. However, the long-term benefits of reduced maintenance and extended lifespan are expected to offset these initial cost considerations, driving sustained market growth. The market segmentation is likely diversified across different bearing types (e.g., ball bearings, roller bearings), sizes, and applications, with specific regional variations in growth rates driven by factors like industrial development and infrastructure investments. Future growth will be shaped by technological advancements in bearing materials and designs, further strengthening the position of stainless steel bearing units in various industries.

LME Index fell to 4,134.40 Index Points on July 16, 2025, down 0.22% from the previous day. Over the past month, LME Index's price has remained flat, and is unchanged 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 July of 2025.

The performance of the Cutlery, Hand Tool and General Hardware Manufacturing industry has been very volatile over the past five years. The main customers for tools are manufacturing companies and households. Volatile market conditions, slower consumer demand and fluctuations in the prices of key raw materials (like steel) have been key drivers of the industry’s recent performance. According to the World Steel Association, steel prices rose by up to 110% in 2021 due to solid pent-up demand and shortages of raw materials and intermediates after the COVID-19 outbreak in 2020. After significant revenue growth in 2021 and 2022, driven by rising metal prices, the industry faced rising energy and inflation rates, which pushed up production prices and slowed consumer demand, denting sales. Overall, revenue is expected to climb at a compound annual rate of 3.9% over the five years through 2025 to reach just shy of €4.5 billion, including an estimated fall of 1.8% in 2025. Steel and iron prices are expected to fall further in 2025, increasing manufacturers’ price competitiveness but dampening revenue growth. Although the industry is predominantly made up of small and medium-size companies, it’s characterised by a high degree of globalisation thanks to its large number of foreign subsidiaries. French manufacturers are exposed to strong competitive pressure, particularly from suppliers from Asia, such as China. As labour costs in Asia are significantly lower than in France, companies from these countries can offer the tools they manufacture at lower prices. A heightened focus on sustainable practices and the integration of digital technologies to streamline operations are set to be transformative for the industry in the coming years. As the construction sector continues to evolve, demand for high-quality hand tools and general hardware will climb. As the industry still faces potential risks from increased competition from foreign suppliers, sales growth, particularly in the cutlery segment of the market, is expected to slow. Revenue is anticipated to edge upwards at a compound annual rate of 0.1% over the five years through 2030 to €4.5 billion.

Europe's Cutlery, Hand Tool and General Hardware Manufacturing, known for high-quality exports, faces increased competition because of cheap imports from China and rising raw material costs. This situation harms profit, especially in lower to mid-tier markets where pricing is crucial. Also, increased interest rates have reduced construction activity, decreasing demand for these products. Industry revenue is expected to drop at a compound annual rate of 4.7% over the five years through 2024 to €93.3 billion – including an estimated 1.9% slump in the current year. In recent years, the industry has seen a marked shift towards lean manufacturing practices and automation that's been influenced by Industry 4.0, which offers opportunities for digital innovation in products, processes and business models. This has led to improved efficiency of operations and a reduction in overall production costs. There’s also been a rising trend towards specialised or premium products. Consumers have shown a willingness to pay for high-quality tools that are more durable, sometimes bespoke and offer improved performance over cheaper alternatives. On top of this, the industry has seen a surge in e-commerce sales, embracing digital marketing methods and establishing a strong online presence. Manufacturers will capitalise on opportunities presented by technological advancements. Investments in robotics, artificial intelligence and the Internet of Things will redefine manufacturing processes. Digitisation will likely continue to enhance distribution channels, improving consumer experience with seamless online purchasing and faster deliveries. However, manufacturers will continue to face intense competition and low-cost imports. Hence, focusing on quality and value-added services will likely become even more crucial. Industry revenue is expected to hike at a compound annual rate of 1% over the five years through 2029 to €98.2 billion.

Europe's Cutlery, Hand Tool and General Hardware Manufacturing, known for high-quality exports, faces increased competition because of cheap imports from China and rising raw material costs. This situation harms profit, especially in lower to mid-tier markets where pricing is crucial. Also, increased interest rates have reduced construction activity, decreasing demand for these products. Industry revenue is expected to drop at a compound annual rate of 4.7% over the five years through 2024 to €93.3 billion – including an estimated 1.9% slump in the current year. In recent years, the industry has seen a marked shift towards lean manufacturing practices and automation that's been influenced by Industry 4.0, which offers opportunities for digital innovation in products, processes and business models. This has led to improved efficiency of operations and a reduction in overall production costs. There’s also been a rising trend towards specialised or premium products. Consumers have shown a willingness to pay for high-quality tools that are more durable, sometimes bespoke and offer improved performance over cheaper alternatives. On top of this, the industry has seen a surge in e-commerce sales, embracing digital marketing methods and establishing a strong online presence. Manufacturers will capitalise on opportunities presented by technological advancements. Investments in robotics, artificial intelligence and the Internet of Things will redefine manufacturing processes. Digitisation will likely continue to enhance distribution channels, improving consumer experience with seamless online purchasing and faster deliveries. However, manufacturers will continue to face intense competition and low-cost imports. Hence, focusing on quality and value-added services will likely become even more crucial. Industry revenue is expected to hike at a compound annual rate of 1% over the five years through 2029 to €98.2 billion.

The global steel idler rollers market is experiencing robust growth, driven by the increasing demand for efficient material handling solutions across various industries. The market size in 2025 is estimated at $500 million, exhibiting a Compound Annual Growth Rate (CAGR) of 6% from 2025 to 2033. This growth is fueled by several key factors, including the expansion of the e-commerce sector necessitating advanced logistics and the rising adoption of automation in manufacturing and warehousing. Furthermore, the construction industry's continuous expansion globally significantly contributes to this market's expansion. Stainless steel idler rollers dominate the market due to their superior corrosion resistance and longevity, ideal for demanding applications. However, the relatively high cost of stainless steel compared to mild steel limits its wider adoption in some segments. The powered roller conveyor application segment holds a significant market share due to its high efficiency and improved material handling capabilities. Geographic growth is particularly strong in Asia-Pacific, driven by rapid industrialization and infrastructure development in countries like China and India, while North America and Europe maintain significant market shares due to established industrial bases and adoption of advanced technologies. Challenges include fluctuating raw material prices, particularly for steel, which can affect manufacturing costs and market pricing. Competition among numerous manufacturers, including both established global players and regional specialists, is intensifying. Technological advancements, such as the development of more durable and energy-efficient idler rollers, are continually shaping market dynamics. The market is also witnessing increased adoption of smart technologies, enabling real-time monitoring and predictive maintenance of conveyor systems which improve efficiency and reduce downtime. This trend contributes to the overall growth of the market as businesses aim to optimize their material handling operations.

Europe's Cutlery, Hand Tool and General Hardware Manufacturing, known for high-quality exports, faces increased competition because of cheap imports from China and rising raw material costs. This situation harms profit, especially in lower to mid-tier markets where pricing is crucial. Also, increased interest rates have reduced construction activity, decreasing demand for these products. Industry revenue is expected to drop at a compound annual rate of 4.7% over the five years through 2024 to €93.3 billion – including an estimated 1.9% slump in the current year. In recent years, the industry has seen a marked shift towards lean manufacturing practices and automation that's been influenced by Industry 4.0, which offers opportunities for digital innovation in products, processes and business models. This has led to improved efficiency of operations and a reduction in overall production costs. There’s also been a rising trend towards specialised or premium products. Consumers have shown a willingness to pay for high-quality tools that are more durable, sometimes bespoke and offer improved performance over cheaper alternatives. On top of this, the industry has seen a surge in e-commerce sales, embracing digital marketing methods and establishing a strong online presence. Manufacturers will capitalise on opportunities presented by technological advancements. Investments in robotics, artificial intelligence and the Internet of Things will redefine manufacturing processes. Digitisation will likely continue to enhance distribution channels, improving consumer experience with seamless online purchasing and faster deliveries. However, manufacturers will continue to face intense competition and low-cost imports. Hence, focusing on quality and value-added services will likely become even more crucial. Industry revenue is expected to hike at a compound annual rate of 1% over the five years through 2029 to €98.2 billion.

According to Cognitive Market Research, the global Carbon Bike market size is USD XX million in 2024 and will expand at a compound annual growth rate (CAGR) of 8.00% from 2024 to 2031.

North America held the major market share of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global revenue with a market size of USD XX million.
Asia Pacific held the market share of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.
Latin America market share of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.
Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031.
The OEM held the highest Carbon Bike market revenue share in 2024.

Market Dynamics of Carbon Bike Market

Key Drivers for Carbon Bike Market

Increasing Demand for Carbon Fiber Frames Drive Market Growth

The expansion of the carbon fiber bike industry is primarily driven by the growing demand for carbon fiber frames. Because it lowers emissions, carbon fiber composites are a non-metallic material that is becoming more and more popular and is frequently found in bicycles. It is highly strong and light, and despite its high cost, it can survive a wide range of pressures and corrosion thanks to its unique qualities. They can shape this material into any shape one wants. Due to their increased accessibility and affordability, carbon fiber bike frames are growing in popularity among cyclists on a low budget. For power cyclists, carbon fiber has swiftly emerged as the most sought-after and well-liked material. Its strength and light weight make steel appealing, especially when used to produce an extremely stiff frame. Additionally, it may be shaped into a variety of forms, enabling designers to transcend the constraints of conventional round metal tubes. Therefore, it is anticipated that throughout the projected period, the growing global market emphasis will be driven by the increased adoption of carbon fiber frames to lower the environmental effect.

New Product Development to Propel Market Growth

There will likely be a rise in demand for carbon fiber bicycles due to technological improvements and the growing need for sophisticated materials that are strong and lightweight. Due to technical improvements, the drawbacks of this wonderful material have gradually been overcome. The German K-frame, for instance, is constructed from premium 16K carbon fiber. This carbon fiber has a lifetime warranty and is much stronger than steel. Major international carbon fiber bike manufacturers are launching new models with targeted functionalities as the usage of carbon fiber materials in critical end-user sectors, such as aerospace, wind energy, and automotive, becomes more widespread. As a result, growth in the worldwide carbon fiber bike market is anticipated over the projected period due to innovations and the introduction of new products.

Restraint Factor for the Carbon Bike Market

High Cost to Limit the Sales

Carbon fiber costs more in R&D and manufacture than alternatives. Since the automotive industry is price sensitive, carbon fiber cannot be widely used in the construction of lightweight, fuel-efficient vehicles due to its high cost. The service life of carbon fiber-reinforced polymer (CFRP) pressure vessels are double that of steel or glass pressure vessels. CFRP pressure vessels are $16.25 per kg, while steel and steel-fiberglass composite pressure vessels are $5 and $7.50 per kg, respectively. Lowering the cost of carbon fiber composites is the aim of vendors' R&D activities. The cost of obtaining supplies for items like carbon fiber and resins from suppliers has increased due to the growing cost of raw materials.

Impact of Covid-19 on the Carbon Bike Market

The COVID-19 pandemic had a mixed impact on the global carbon bike market. As a convenient and safe way to exercise and have fun during lockdowns and limits on indoor activities, cycling became popular. As more people sought outdo...

India WPI: Mfg: BM: Mild Steel: Flat Products (FP) data was reported at 122.700 2011-2012=100 in Oct 2018. This records an increase from the previous number of 122.000 2011-2012=100 for Sep 2018. India WPI: Mfg: BM: Mild Steel: Flat Products (FP) data is updated monthly, averaging 103.500 2011-2012=100 from Apr 2012 (Median) to Oct 2018, with 79 observations. The data reached an all-time high of 122.700 2011-2012=100 in Oct 2018 and a record low of 81.900 2011-2012=100 in Jan 2016. India WPI: Mfg: BM: Mild Steel: Flat Products (FP) data remains active status in CEIC and is reported by Ministry of Commerce and Industry. The data is categorized under Global Database’s India – Table IN.IH020: Wholesale Price Index: 2011-12=100: Manufactured Products: Basic Metals.

Europe's Cutlery, Hand Tool and General Hardware Manufacturing, known for high-quality exports, faces increased competition because of cheap imports from China and rising raw material costs. This situation harms profit, especially in lower to mid-tier markets where pricing is crucial. Also, increased interest rates have reduced construction activity, decreasing demand for these products. Industry revenue is expected to drop at a compound annual rate of 4.7% over the five years through 2024 to €93.3 billion – including an estimated 1.9% slump in the current year. In recent years, the industry has seen a marked shift towards lean manufacturing practices and automation that's been influenced by Industry 4.0, which offers opportunities for digital innovation in products, processes and business models. This has led to improved efficiency of operations and a reduction in overall production costs. There’s also been a rising trend towards specialised or premium products. Consumers have shown a willingness to pay for high-quality tools that are more durable, sometimes bespoke and offer improved performance over cheaper alternatives. On top of this, the industry has seen a surge in e-commerce sales, embracing digital marketing methods and establishing a strong online presence. Manufacturers will capitalise on opportunities presented by technological advancements. Investments in robotics, artificial intelligence and the Internet of Things will redefine manufacturing processes. Digitisation will likely continue to enhance distribution channels, improving consumer experience with seamless online purchasing and faster deliveries. However, manufacturers will continue to face intense competition and low-cost imports. Hence, focusing on quality and value-added services will likely become even more crucial. Industry revenue is expected to hike at a compound annual rate of 1% over the five years through 2029 to €98.2 billion.