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.

Metal and Steel Price: Delhi: Blooms 150x150 mm data was reported at 57,620.000 INR/Metric Ton in Dec 2021. This records a decrease from the previous number of 58,020.000 INR/Metric Ton for Nov 2021. Metal and Steel Price: Delhi: Blooms 150x150 mm data is updated monthly, averaging 38,840.000 INR/Metric Ton from Aug 2003 (Median) to Dec 2021, with 200 observations. The data reached an all-time high of 58,780.000 INR/Metric Ton in Oct 2021 and a record low of 17,000.000 INR/Metric Ton in Nov 2003. Metal and Steel Price: Delhi: Blooms 150x150 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.WAC: Metal and Steel Retail Prices: New Delhi: Monthly.

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.

Metal and Steel Price: Delhi: Cold Rolled Coils 0.63 mm data was reported at 59,590.000 INR/Metric Ton in Nov 2025. This records a decrease from the previous number of 61,560.000 INR/Metric Ton for Oct 2025. Metal and Steel Price: Delhi: Cold Rolled Coils 0.63 mm data is updated monthly, averaging 50,782.000 INR/Metric Ton from Aug 2003 (Median) to Nov 2025, with 264 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.WAC: Metal and Steel Retail Prices: New Delhi: Monthly.

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.

The Wholesale Price Index of semi finished stainless steel across India during financial year 2024 was around ***. The price index of stainless steel increased by about ** percent from the base financial year of 2012. A huge increase in the index value of the stainless steel was seen in 2022.

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.

Structural steel (FOB India) prices fell YoY in late 2023. From Oct ($598) to Dec ($515), consistent ~11-12% monthly drops were observed.

At the end of fiscal year 2024, the Wholesale Price Index of metal products across India was around 139. This meant an increase in the WPI of more than 39 percent from the base year of 2012. An overall increase in the price index value was noted over the years from financial year 2013 in the country.

Steel Production in India remained unchanged at 13600 Thousand Tonnes in October. This dataset has Steel Production values for India.

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.

Metal and Steel Price: Chennai: Plates 6 mm data was reported at 58,210.000 INR/Metric Ton in Nov 2025. This records a decrease from the previous number of 59,730.000 INR/Metric Ton for Oct 2025. Metal and Steel Price: Chennai: Plates 6 mm data is updated monthly, averaging 44,000.000 INR/Metric Ton from Aug 2003 (Median) to Nov 2025, with 264 observations. The data reached an all-time high of 94,900.000 INR/Metric Ton in Apr 2022 and a record low of 23,500.000 INR/Metric Ton in Nov 2003. Metal and Steel Price: Chennai: Plates 6 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.WAC: Metal and Steel Retail Prices: Chennai: Monthly.

At the end of fiscal year 2024, the Wholesale Price Index of steel pipes and tubes across India was 138. This meant an increase in the WPI of 38 percent from the base year of 2012. India was the second largest steel producer in the world during the same period, just after China.

The Indian steel spring market fell to $309M in 2024, with a decrease of -10.1% against the previous year. Over the period under review, consumption showed a abrupt contraction. Steel spring consumption peaked at $970M in 2013; however, from 2014 to 2024, consumption failed to regain momentum.

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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

The India Steel Report is Segmented by Technology (Blast Furnace–Basic Oxygen Furnace, Electric Arc Furnace, and Other Technologies), Basic Form (Crude Steel), Final Form (Finished Steel), and End-User Industry (Automotive and Transportation, Building and Construction, Tools and Machinery, Consumer Goods, Energy, and Other End-User Industries). The Market Forecasts are Provided in Terms of Volume (Million Tons).

In 2024, after two years of growth, there was decline in the Indian market for hot-rolled bars of high speed steel, when its value decreased by -3.3% to $7B. In general, the total consumption indicated temperate growth from 2012 to 2024: its value increased at an average annual rate of +3.9% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period.

The change rate of steel production was approximately *** percent in fiscal year 2025. It was an increase from the previous year's **** percent. The steel industry was one of the eight core industries of the country.

As of December 2022, the cost of structural steel was the highest in Mumbai, India, with *** U.S. dollars per metric ton. It was the cheapest in Pune and Bangalore, with *** metric ton costing *** U.S. dollars.

The steel rebar prices in the United States for Q3 2024 reached 860 USD/MT in September. The region experienced notable price drops amid declining demand and excess supply. Prices consistently trended downward, with a minor decrease at the end of the quarter. This persistent bearish sentiment highlighted ongoing challenges in stabilizing the market as excess supply continued to weigh heavily on pricing dynamics.