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).

MS Plate 10mm prices (FOB India) dropped year-over-year in late 2023, falling ~10-12% each month compared to 2022 prices.

Steel fell to 3,188 CNY/T on July 31, 2025, down 1.24% from the previous day. Over the past month, Steel's price has risen 5.21%, and is up 6.27% 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 August of 2025.

Track mild steel price trends with monthly, quarterly, and yearly data for 2024–2025. Get accurate forecasts, regional price updates, and key market insights to stay ahead with Nexizo.

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.

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).

HRC Steel rose to 847.04 USD/T on August 1, 2025, up 0.84% from the previous day. Over the past month, HRC Steel's price has fallen 4.29%, but it is still 24.38% 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.

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 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.

North America Mild Steel Plate Market is expected to grow during 2025-2031

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: Carbon Steel Scrap (WPU101211) from Dec 1986 to Jun 2025 about steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

The Heat-Treated Steel Plates Market Report Segments the Industry by Steel Type (Carbon Steel, Alloy Steel, and Stainless Steel), Heat Treatment Type (Annealing, Tempering, Normalizing, and More), End-Use Sector (Automotive and Heavy Machinery, Building and Construction, Shipbuilding and Off-Shore Structures, and More), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East and Africa).

Europe Mild Steel Plate Market is expected to grow during 2025-2031

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.

Africa Mild Steel Plate Market is expected to grow during 2025-2031

Global Mild Steel Sheet market size 2025 was XX Million. Mild Steel Sheet Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

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.

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.

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.