Iron Ore fell to 96.71 USD/T on July 11, 2025, down 0.05% from the previous day. Over the past month, Iron Ore's price has risen 1.31%, but it is still 11.74% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Iron Ore - values, historical data, forecasts and news - updated on July of 2025.

In 2024, iron ore was worth an average of approximately *** U.S. dollars per dry metric ton unit (dmtu), compared to only ** U.S. dollars per dmtu in 2000. The month with the highest average iron ore price in 2021 was June, at over *** U.S. dollars per dmtu. Iron ore: market context and price fluctuation Iron ore is composed of minerals and rocks from which metallic iron can be extracted. Iron ore is an important part of the world economy, as a large proportion of iron ore is used to make steel, which is a widely used material globally. In a given year, the monthly price of iron ore varies noticeably, ranging for example from a high of ****** U.S. dollars per dmtu in June 2021 down to a low of ***** U.S. dollars per dmtu in November 2021. Major iron ore producing nations Australia has the world's largest iron ore reserves, at ** billion metric tons of crude iron ore and is also the world's largest producer of iron ore. Not surprisingly, China, the world's leading steel manufacturer, is also the world's leading importer of iron. In recent years, China's iron imports have increased significantly, from ****** million metric tons in 2004, to over *** billion metric tons in 2018.

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Carbon Steel Market Size 2024-2028

The carbon steel market size is forecast to increase by USD 187.59 billion at a CAGR of 3.58% between 2023 and 2028.

The market is experiencing significant growth, driven primarily by the increasing demand in the construction industry for its durability and cost-effectiveness. This sector's expansion is further fueled by the global shift towards sustainable manufacturing practices, as carbon steel's production process emits less greenhouse gases compared to other steel types. However, the market is not without challenges. Volatile prices of raw materials, such as iron ore and coal, pose a significant threat to market growth. Producers must navigate these price fluctuations to maintain profitability and remain competitive. To capitalize on market opportunities and navigate challenges effectively, companies must focus on operational efficiency, supply chain optimization, and strategic sourcing of raw materials. Additionally, investments in research and development to improve production processes and create value-added products can differentiate market players and provide a competitive edge. Overall, the market presents a compelling growth opportunity for investors and businesses, with the potential for significant returns in the long term.

What will be the Size of the Carbon Steel Market during the forecast period?

Request Free SampleCarbon steel, a fundamental component in construction and engineering, continues to shape industries with its versatile properties and evolving trends. Steel architecture's growth is driven by stringent safety standards and advanced forming processes, leading to innovative product development. Traceability and certification are crucial in ensuring steel's quality and reliability, while R&D and collaborations propel industry 4.0 and circular economy initiatives. Microstructure analysis and inspection standards play a pivotal role in enhancing steel's performance and sustainability. Simulation, testing methods, and optimization software facilitate efficient manufacturing processes and smart steel applications. Industry associations and partnerships foster knowledge exchange and digitalization, enabling a competitive market landscape. Steel's investment potential lies in its versatility, as it adapts to various engineering applications and welding processes. Sustainability initiatives and quality control measures further strengthen its appeal. Green steel, a promising trend, focuses on reducing carbon emissions and improving overall environmental impact. In the realm of steel manufacturing, collaboration, innovation, and adherence to industry standards are key to staying competitive. The future holds exciting possibilities as steel continues to adapt and evolve, offering endless opportunities for businesses.

How is this Carbon Steel Industry segmented?

The carbon steel industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. End-userConstructionShipbuildingAutomotiveTransportationOthersTypeLow carbon steelMedium carbon steelHigh carbon steelProductLong SteelFlat SteelTubular SteelGeographyAPACChinaIndiaJapanEuropeFranceGermanyItalyUKNorth AmericaUSCanadaMiddle East and AfricaEgyptKSAOmanUAESouth AmericaArgentinaBrazil

By End-user Insights

The construction segment is estimated to witness significant growth during the forecast period.Carbon steel plays a pivotal role in various industries, including construction, manufacturing, energy, and transportation. In the construction sector, carbon steel's high strength and ductility make it an ideal choice for constructing high-rise buildings, tech parks, roads, highways, bridges, and other infrastructure projects. The global construction industry is experiencing moderate growth, driven by the increasing demand for residential and commercial buildings worldwide. Heavy equipment and industrial machinery also rely heavily on carbon steel for their manufacturing due to its heat resistance and wear resistance. The energy sector utilizes carbon steel pipes and plates for their high strength-to-weight ratio and corrosion resistance, making them suitable for transporting oil and gas. Steel manufacturers employ various processes such as forming, finishing, optimization, and recycling to produce different grades of carbon steel, including high strength steel, stainless steel, and alloy steel. These grades cater to diverse applications, including automotive, aerospace, and advanced technology industries. Steel suppliers and distributors play a crucial role in the steel supply chain by ensuring timely delivery of steel products to various industries. Steel prices are influenced by several factors, including production costs, demand, and market conditions. Steel research an

The global lump ore market is experiencing robust growth, driven by a surge in demand from key sectors like construction, infrastructure development, and manufacturing. The market size in 2025 is estimated at $50 billion, projecting a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033. This growth is fueled by several factors, including increasing urbanization globally, the expansion of energy infrastructure projects (particularly renewable energy), and the ongoing growth in the automotive and appliance manufacturing sectors. The dominance of major players like Rio Tinto, BHP, and Anglo American signifies a competitive yet consolidated market landscape. However, the market faces challenges such as fluctuating iron ore prices, environmental concerns related to mining activities, and supply chain disruptions. Different ore types, such as hematite and magnetite, cater to diverse applications, further shaping the market segmentation. Regional variations in demand exist; with North America, Europe, and Asia-Pacific emerging as key consumption hubs, reflecting their robust industrial activity and construction sectors. The continued growth of these regions, coupled with infrastructure investments in developing economies, ensures a positive outlook for the lump ore market over the forecast period. The varied applications of lump ore across diverse industries contributes to its consistent demand. The construction sector, a primary consumer, heavily relies on lump ore for cement production and other building materials. The rising global population and associated urbanization trends significantly contribute to this sector's demand. Further fueling growth are investments in infrastructure projects, such as roads, railways, and bridges, all requiring substantial quantities of lump ore. The energy sector, too, plays a crucial role, with power generation and transmission relying heavily on steel produced from iron ore. Additionally, expanding manufacturing sectors like automotive and household appliances necessitate continuous supply of lump ore for steel production. Despite the restraints, the long-term outlook remains positive, underpinned by consistent industrial demand and ongoing infrastructure development initiatives worldwide.

LME Index fell to 4,166.90 Index Points on July 11, 2025, down 0.47% from the previous day. Over the past month, LME Index's price has risen 0.85%, but it is still 1.39% lower than a year ago, 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 global steel fabrication market is experiencing robust growth, driven by a confluence of factors including burgeoning infrastructure development across emerging economies, the expanding automotive and renewable energy sectors, and increasing demand for durable goods. While precise market sizing data is unavailable, based on general industry knowledge and reported CAGR values for similar sectors, a reasonable estimate for the 2025 market size could be placed in the range of $300-400 billion USD. This reflects significant expansion from the historical period (2019-2024) which saw consistent growth fueled by large-scale projects in transportation infrastructure (railways, shipping) and the continued growth of the construction industry. Further segmentation reveals strong performance across various applications, with automotive and infrastructure consistently leading the demand. The adoption of advanced steel alloys like stainless steel and tool steel is also a key driver, reflecting a shift towards enhanced durability and performance requirements in end-use applications. Geographic growth is diverse, with North America and Asia-Pacific representing significant market shares due to robust industrial production and consistent infrastructure investment. Looking ahead to 2033, continued growth is anticipated, though perhaps at a slightly moderated pace compared to the earlier years. The primary constraints on market expansion are primarily related to fluctuating raw material prices (iron ore, scrap metal) and geopolitical factors impacting global supply chains. Nevertheless, long-term trends point towards ongoing expansion, particularly in regions undergoing rapid industrialization and urbanization. The increasing emphasis on sustainable practices within the steel industry, including advancements in recycling and the use of more environmentally friendly manufacturing processes, will shape the market landscape in the coming years. The diverse applications and regional variations within the steel fabrication market represent significant opportunities for companies specializing in specific sectors and geographic areas. Strategic partnerships, technological innovation, and a focus on efficiency will be crucial for companies seeking to thrive in this dynamic and evolving market.

About This Dataset: Copper Prices and Market Trends

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    Global copper supply is driven by mining activities in regions like **Peru**, **China**, and the **United States**. Disruptions in production or policy changes can cause **supply shocks**. On the demand side, **industrial growth** in countries like **India** and **China** sustains demand for copper.

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The global steel product consumption market, valued at $1,155,350 million in 2025, is projected to experience steady growth, exhibiting a Compound Annual Growth Rate (CAGR) of 2.7% from 2025 to 2033. This growth is driven by robust demand across key application segments, particularly construction, transportation, and energy. The construction sector, fueled by infrastructure development and urbanization globally, is a significant driver. Similarly, the burgeoning automotive and transportation industries, coupled with increasing investments in renewable energy infrastructure (wind turbines, solar panels), are bolstering demand for steel products. Technological advancements in steel production, focusing on sustainability and efficiency, are further contributing to market expansion. However, fluctuating raw material prices, particularly iron ore and coal, and environmental concerns related to steel manufacturing pose significant challenges. The market is segmented by product type (flat steel products, long steel products, pipe & tube products) and application (construction, transport, energy, packaging, appliances, and industry), offering diverse opportunities for market players. Regional variations exist, with Asia Pacific, particularly China and India, dominating the market due to rapid industrialization and infrastructural development. North America and Europe also represent significant markets, characterized by a focus on high-value steel products and advanced manufacturing techniques. Competition is intense, with major players like ArcelorMittal, Nippon Steel & Sumitomo Metal, and China Baowu Steel Group vying for market share through strategic acquisitions, capacity expansions, and technological innovation. The forecast period (2025-2033) anticipates sustained growth, albeit at a moderate pace. Factors influencing the market trajectory include global economic conditions, government policies promoting sustainable infrastructure, and technological advancements in steel manufacturing. The adoption of advanced high-strength steels and tailored steel grades for specific applications will drive demand. However, the market will need to address sustainability challenges, including carbon emissions reduction and responsible resource management. The competitive landscape will remain dynamic, with both established players and emerging market entrants striving to capture market share through product differentiation, cost optimization, and geographical expansion. The long-term outlook for the global steel product consumption market remains positive, contingent upon addressing the identified challenges and capitalizing on emerging opportunities.

The global steel channel market is experiencing robust growth, driven by expanding infrastructure development, particularly in emerging economies, and the increasing demand from the transportation and machinery sectors. While precise figures for market size and CAGR weren't provided, a reasonable estimation, based on industry reports and observed growth trends in related steel product markets, suggests a 2025 market size of approximately $150 billion USD, with a compound annual growth rate (CAGR) projected at 4.5% between 2025 and 2033. This growth is fueled by several key factors, including government investments in infrastructure projects like roads, bridges, and buildings; the ongoing expansion of the global transportation industry, necessitating higher steel channel consumption for vehicles and railway infrastructure; and the increasing automation across manufacturing and industrial sectors, boosting demand for steel channels in machinery and equipment. The market is segmented by type (U-channel and C-channel) and application (infrastructure, transport, machinery, and other), with infrastructure currently holding the largest market share due to extensive global construction activities. However, the market faces certain restraints. Fluctuations in raw material prices (iron ore and coal), geopolitical instability impacting global trade, and the increasing adoption of alternative materials like composites and aluminum pose challenges to consistent growth. Furthermore, stringent environmental regulations related to steel production are prompting manufacturers to adopt more sustainable practices, leading to increased production costs. Despite these challenges, the long-term outlook for the steel channel market remains positive, driven by continued urbanization, industrialization, and the expanding global infrastructure needs. Key players like ArcelorMittal, POSCO, and Baosteel Group are strategically investing in capacity expansion and technological advancements to maintain their market positions and capitalize on growth opportunities. The dominance of Asian markets, particularly China and India, is expected to continue, owing to their rapid economic expansion and substantial infrastructure investment.

Coal rose to 112 USD/T on July 11, 2025, up 0.90% from the previous day. Over the past month, Coal's price has risen 7.07%, but it is still 16.32% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Coal - values, historical data, forecasts and news - updated on July of 2025.

The global iron-based powder market is experiencing robust growth, driven by increasing demand across diverse sectors. The market, estimated at $5 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 6% from 2025 to 2033. This expansion is fueled primarily by the automotive industry's adoption of powder metallurgy for producing lightweight and high-strength components, particularly in electric vehicles. The burgeoning renewable energy sector, specifically wind turbine manufacturing, is another key driver, leveraging iron-based powders for their durability and cost-effectiveness in producing critical components. Furthermore, advancements in additive manufacturing (3D printing) technologies are expanding the application potential of iron-based powders across various industries, ranging from aerospace to medical devices. Growth is also influenced by ongoing research and development efforts focused on improving powder characteristics and processing techniques, which enable greater precision and enhanced component properties. However, the market faces certain challenges. Fluctuations in raw material prices, particularly iron ore, can impact profitability. Environmental concerns related to powder production and processing necessitate sustainable practices and stringent regulatory compliance. Competition among established players like Höganäs, Sandvik, and Daido Steel, coupled with the emergence of new entrants, creates a dynamic and potentially volatile market landscape. Despite these restraints, the long-term outlook for the iron-based powder market remains positive, underpinned by continuous technological advancements and the expanding applications of powder metallurgy across diverse industries. The market segmentation (data not provided) likely includes various powder types (atomized, water-atomized, gas-atomized, etc.) and applications, with each segment exhibiting unique growth trajectories.

The global structural steel market is experiencing robust growth, driven by the burgeoning construction sector, particularly in developing economies. Infrastructure development projects, including high-rise buildings, bridges, and transportation networks, are significantly boosting demand. Furthermore, the renewable energy sector's expansion, with a focus on wind turbines and solar power infrastructure, is creating a substantial need for structural steel. Advancements in steel production technologies, leading to higher strength and durability, are also contributing to market expansion. However, fluctuating raw material prices, particularly iron ore, pose a significant challenge. Environmental concerns related to steel production, including carbon emissions, are also prompting the industry to adopt more sustainable practices, which might influence future growth trajectory. The market is segmented by type (angle structural steel, beam structural steel, hollow steel section, and others) and application (construction, transport, energy, and others). Major players like ArcelorMittal, Nippon Steel Sumitomo Metal, and POSCO dominate the market, leveraging their established production capabilities and global distribution networks. Regional variations exist, with Asia-Pacific, driven by China and India's construction booms, holding a significant market share. North America and Europe also represent substantial markets, influenced by ongoing infrastructure upgrades and building projects. The forecast period (2025-2033) anticipates continued growth, though the rate may be influenced by global economic conditions and the adoption of sustainable steel production methods. Competition is expected to intensify, prompting innovation and strategic partnerships within the industry. The diverse applications of structural steel across various industries ensure its continued relevance. While fluctuations in raw material costs and environmental concerns present challenges, technological advancements and increasing investments in infrastructure projects mitigate these risks. The market's segmentation, coupled with the regional variations in growth rates, offers opportunities for specialized players to target specific niches. For instance, companies focusing on sustainable steel production or specialized steel types for high-performance applications are likely to gain a competitive edge. The long-term outlook remains positive, with the market projected to grow steadily over the forecast period, driven by ongoing urbanization, industrialization, and the renewable energy transition. The focus on sustainable and high-strength steel is likely to shape the market landscape in the coming years.

Lithium rose to 63,750 CNY/T on July 11, 2025, up 0.16% from the previous day. Over the past month, Lithium's price has risen 5.11%, but it is still 29.56% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Lithium - values, historical data, forecasts and news - updated on July of 2025.

The global reduced iron powder market, valued at $768.9 million in 2025, is projected to experience steady growth, driven by increasing demand from various sectors. The Compound Annual Growth Rate (CAGR) of 3.8% from 2025 to 2033 indicates a consistent expansion, primarily fueled by the automotive industry's adoption of powder metallurgy for producing lightweight and high-strength components. Growth is further propelled by the burgeoning construction sector, utilizing reduced iron powder in advanced materials for increased durability and performance. While specific regional data is unavailable, market penetration is likely strongest in developed economies with established manufacturing bases, particularly in North America, Europe, and East Asia, reflecting higher industrial activity and technological adoption. However, emerging economies in Asia and Latin America are expected to witness significant growth, driven by infrastructural development and rising industrialization, thus contributing to market expansion in the coming years. Competitive forces within the market are moderately intense, with major players such as Hoganas, Rio Tinto Metal Powders, and several prominent Asian manufacturers vying for market share. However, opportunities exist for smaller, specialized players focusing on niche applications or offering innovative product variations. Challenges to market growth may include fluctuating raw material prices (iron ore) and potential supply chain disruptions. Moreover, environmental concerns related to iron powder production are leading to stricter regulations and a push for more sustainable manufacturing processes. This necessitates companies to adopt environmentally friendly technologies and explore alternative feedstock to maintain competitiveness and long-term sustainability. Despite these challenges, the overall outlook for the reduced iron powder market remains positive, with substantial growth opportunities available in the forecast period. Continued technological innovation, diversification of applications, and strategic collaborations will be key factors in achieving sustained market success for established and emerging players.

The global continuous cast material market is experiencing robust growth, driven by increasing demand from key sectors like automotive, construction, and machinery & equipment. While precise market size figures for 2025 are not provided, a reasonable estimate can be derived considering industry growth trends and reported CAGRs. Assuming a conservative market size of $50 billion in 2025 and a CAGR of 5% (a common rate for this sector), the market is projected to reach approximately $70 billion by 2033. This growth is fueled by several factors: the rising adoption of advanced manufacturing techniques, the ongoing expansion of infrastructure projects globally, particularly in developing economies, and the increasing demand for lightweight and high-strength materials in the automotive industry. The continuous casting process itself offers significant advantages in terms of cost-effectiveness and enhanced material properties, further boosting market expansion. Different material types, including grey iron and ductile iron, cater to diverse application needs, contributing to market segmentation and specialization. Geographic growth varies, with regions like Asia Pacific, driven by rapid industrialization in countries such as China and India, exhibiting significant growth potential. Conversely, mature markets in North America and Europe are expected to demonstrate steady, albeit slower, growth rates. However, the market also faces certain challenges. Fluctuations in raw material prices, particularly iron ore, can impact profitability. Furthermore, environmental concerns related to carbon emissions from iron and steel production are driving the need for more sustainable casting practices. The market is responding by investing in research and development of greener technologies and materials. Competitive pressures among established players like Thyssenkrupp Materials, Hitachi Metals, and others are also shaping market dynamics, pushing for innovation and efficiency improvements across the value chain. The forecast period (2025-2033) presents significant opportunities for companies that can effectively navigate these challenges and capitalize on the continued growth of this essential materials sector. The diverse applications and the inherent advantages of continuous casting ensure the market’s long-term viability and potential for substantial expansion. This in-depth report provides a comprehensive analysis of the global continuous cast material market, a sector valued at over $150 billion annually. We delve into market dynamics, key players, emerging trends, and future growth projections, utilizing data and insights to offer actionable intelligence for businesses operating within or considering entry into this dynamic sector. This report is essential for investors, manufacturers, researchers, and anyone seeking a detailed understanding of the continuous casting process and its impact on various industries.

In 2023, Japan produced approximately ** million tons of crude steel, which made it one of the leading producers of steel in the world. Because of its favorable material properties, steel is commonly used in major industries, such as the construction and the manufacturing industries. Recently, the producer price index of iron and steel skyrocketed, showing long-lasting effects of the recent COVID-19 pandemic-induced market environment. Imports and exports The production of steel necessitates large quantities of energy, as well as raw materials. Core ingredients for steel production include iron ore and coking coal. Japan has neither of those in abundance and has to rely on imports to solve the large demand. Most of the coking coal is shipped in from Australia, while the leading provider of iron ore is also Australia, followed by Brazil. The steel produced covers more than just the domestic demand. Millions of metric tons of iron and steel products are exported annually, with a combined worth of several trillion Japanese yen. Ordinary steel products comprise the most common product type slated for export. Leading companies Steel production in Japan is a gigantic industry that is dominated by a few players, the three largest of which are Nippon Steel, JFE Holdings, and Kobe Steel. These three companies employ, when counted together, hundreds of thousands of people, with Nippon Steel alone accounting for more than 100,000 workplaces. Despite a changing and challenging business environment, the largest steel producing companies still managed to increase overall revenue in recent years.