Steel decreased 101 Yuan/MT or 3.05% since the beginning of 2025, 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 March of 2025.

Graph and download economic data for Global price of Metal index (PMETAINDEXM) from Jan 1992 to Feb 2025 about World, metals, indexes, and price.

HRC Steel increased 180.96 USD/T or 25.52% since the beginning of 2025, 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 fourth quarter of 2023, the price of the flat steel in the USA reached 3479 USD/MT by December. Similarly, in China, the flat steel prices hit 1858 USD/MT in the same month. The Germany also saw flat steel prices reaching 3125 USD/MT during Q4 2023.

Explore IMARC’s newly published report, titled “Flat Steel Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of flat steel 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 555 U.S. dollars per metric ton—a 15 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 717.7 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 529 billion yuan (approximately 82 billion U.S. dollars). This comes after China's steel sector had a drop in sales to its domestic auto sector in early 2019.

In the fourth quarter of 2023, the price of the HRB steel in the United States reached 1515 USD/MT by December. It encompasses an in-depth review of spot price of HRB steel at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of HRB steel price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

Metal and Steel Price: Delhi: Cold Rolled Coils 1.00 mm data was reported at 64,550.000 INR/Metric Ton in Feb 2025. This records a decrease from the previous number of 69,330.000 INR/Metric Ton for Jan 2025. Metal and Steel Price: Delhi: Cold Rolled Coils 1.00 mm data is updated monthly, averaging 48,610.000 INR/Metric Ton from Aug 2003 (Median) to Feb 2025, with 255 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.

The electrical steel prices in the United States for Q3 2024 reached 5895 USD/MT in September. The prices of electrical steel in the country exhibited a sustained upward trajectory throughout Q3, reflecting a favorable market environment. Year-over-year price growth highlighted this positive momentum, with prices increasing in the second half of Q3 in comparison to the first.

Steel Market size was valued at USD 1245.33 Billion in 2024 and is projected to reach USD 2085.37 Billion by 2031, growing at a CAGR of 2.25% from 2024 to 2031.

Global Steel Market Drivers

“Global Economic Growth: As steel is a necessary component of many industries, including manufacturing, infrastructure, and construction, economic growth usually results in higher demand for the metal. Steel has historically been in high demand due to the robust economic expansion in emerging economies, especially in nations like China and India.

Infrastructure Development: A significant amount of steel is needed for infrastructure projects like utilities, roads, bridges, railroads, and airports. The construction of infrastructure through government programmes can greatly increase the demand for steel.

Urbanisation and Industrialization: The need for steel is driven by the fast-paced urbanisation and industrialization occurring in developing nations. Steel is used in the construction and manufacturing of machinery, equipment, and residential and commercial buildings.

Automotive Industry: Especially for car bodywork, chassis, and other components, the automotive industry is a significant consumer of steel. The demand for steel may rise in response to increases in auto sales and manufacturing.

Construction Sector: A sizeable amount of steel consumption is accounted for by construction activities, which include residential, commercial, and industrial construction. Government infrastructure expenditure, urbanisation trends, and population expansion all have an impact on demand in the building industry.

Energy Sector: Pipelines, offshore platforms, and power generation facilities are just a few examples of the infrastructure in which steel is crucial. Steel consumption may be influenced by an increase in power infrastructure, oil and gas exploration, and renewable energy initiatives.

The stainless steel prices in the United States for Q3 2024 reached 3985 USD/MT in September. The USA faced rise in prices driven by robust demand for stainless steel from sectors like automotive and construction. Despite challenges like increased imports and global market uncertainties, the pricing environment displayed strong upward momentum.

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

This statistic shows steel scrap prices worldwide between the 2013 and 2016 calendar years, and gives a forecast through 2021. In 2018, it is expected that the price of steel scrap will come to around 197 U.S. dollars per metric ton.

United States PPI: Metals: Iron & Steel (IS) data was reported at 242.800 1982=100 in Jun 2018. This records an increase from the previous number of 240.700 1982=100 for May 2018. United States PPI: Metals: Iron & Steel (IS) data is updated monthly, averaging 37.800 1982=100 from Jan 1926 (Median) to Jun 2018, with 1110 observations. The data reached an all-time high of 294.400 1982=100 in Aug 2008 and a record low of 8.500 1982=100 in May 1933. United States PPI: Metals: Iron & Steel (IS) data remains active status in CEIC and is reported by Bureau of Labor Statistics. The data is categorized under Global Database’s USA – Table US.I017: Producer Price Index: By Commodities.

The globalsteel marketsize reached US$ 1,823.5 billion in 2022. Over the forecast period, global steel demand is anticipated to rise at 4.4% CAGR. Total market revenue is set to increase from US$ 1,893.9 billion in 2023 to US$ 2,901.9 billion in 2033.

2018 to 2022 Steel Market Outlook Vs. 2023 to 2033 Forecast

Country-wise Insights

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Steel Industry Research Scope

Learn about the various factors that influence the price of iron steel per ton and how global events like the COVID-19 pandemic can impact steel prices.

In the fourth quarter of 2023, the price of the mild steel plate in Japan reached 856 USD/MT (Mild Steel (JIS 3101-10 mm) Plate) by December.

Explore IMARC’s newly published report, titled “Mild Steel Plate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of mild steel plate pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

China Transaction Price: 36 City Avg: Round Steel: 20mm, Q235 data was reported at 3,825.710 RMB/Ton in Jan 2025. This records a decrease from the previous number of 3,858.110 RMB/Ton for Dec 2024. China Transaction Price: 36 City Avg: Round Steel: 20mm, Q235 data is updated monthly, averaging 4,149.535 RMB/Ton from Apr 2008 (Median) to Jan 2025, with 202 observations. The data reached an all-time high of 5,952.500 RMB/Ton in May 2021 and a record low of 2,215.000 RMB/Ton in Feb 2016. China Transaction Price: 36 City Avg: Round Steel: 20mm, Q235 data remains active status in CEIC and is reported by Price Monitoring Center, NDRC. The data is categorized under China Premium Database’s Price – Table CN.PA: Price Monitoring Center, NDRC: Transaction Price: Production Material: Steel.

Iron and Steel Price in the Netherlands - 2023. Find the latest marketing data on the IndexBox platform.

Steel Prices: Delhi: Mahipalpur Market: Angle Iron: 75x75x6 data was reported at 38,000.000 INR/Metric Ton in Dec 2015. This records a decrease from the previous number of 40,000.000 INR/Metric Ton for Sep 2015. Steel Prices: Delhi: Mahipalpur Market: Angle Iron: 75x75x6 data is updated quarterly, averaging 42,500.000 INR/Metric Ton from Mar 2014 (Median) to Dec 2015, with 7 observations. The data reached an all-time high of 44,000.000 INR/Metric Ton in Sep 2014 and a record low of 38,000.000 INR/Metric Ton in Dec 2015. Steel Prices: Delhi: Mahipalpur Market: Angle Iron: 75x75x6 data remains active status in CEIC and is reported by Directorate of Economics and Statistics, Government of NCT of Delhi. The data is categorized under India Premium Database’s Metal and Steel Sector – Table IN.WAC014: Steel Prices: NCT of Delhi: Mahipalpur Market (Discontinued).

European Union - Producer prices in industry: Casting of steel was 126.10 points in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for European Union - Producer prices in industry: Casting of steel - last updated from the EUROSTAT on March of 2025. Historically, European Union - Producer prices in industry: Casting of steel reached a record high of 126.90 points in June of 2024 and a record low of 71.10 points in January of 2005.

Indonesia Wholesale Price Index: Manufacturing: Metal Iron & Steel: Sheet Iron data was reported at 129.350 2010=100 in Dec 2018. This records an increase from the previous number of 129.130 2010=100 for Nov 2018. Indonesia Wholesale Price Index: Manufacturing: Metal Iron & Steel: Sheet Iron data is updated monthly, averaging 109.150 2010=100 from Jan 2013 (Median) to Dec 2018, with 72 observations. The data reached an all-time high of 129.350 2010=100 in Dec 2018 and a record low of 101.270 2010=100 in Jan 2013. Indonesia Wholesale Price Index: Manufacturing: Metal Iron & Steel: Sheet Iron data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Indonesia Premium Database’s Inflation – Table ID.IB004: Wholesale Price Index: by Sector: Manufacturing.