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 3,005 CNY/T on October 1, 2025, down 0.89% from the previous day. Over the past month, Steel's price has fallen 2.31%, and is down 10.83% 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 October 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.

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.

HRC Steel rose to 805 USD/T on October 7, 2025, up 0.50% from the previous day. Over the past month, HRC Steel's price has fallen 0.37%, but it is still 13.22% 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.

Find detailed analysis in Market Research Intellect's Mild Steel Sheet Market Report, estimated at USD 210 billion in 2024 and forecasted to climb to USD 300 billion by 2033, reflecting a CAGR of 4.5%.Stay informed about adoption trends, evolving technologies, and key market participants.

Mild Steel Sheet Market Outlook

The global mild steel sheet market size in 2023 was valued at approximately USD 210 billion, with expectations to grow at a compound annual growth rate (CAGR) of 4.8% from 2024 to 2032, reaching a forecasted value of around USD 320 billion by 2032. This growth is primarily driven by the expanding construction and automotive industries, which are major consumers of mild steel sheets due to their versatility, cost-effectiveness, and structural integrity. The demand for infrastructure development and urbanization, particularly in emerging economies, further supports this market's upward trajectory.

One of the pivotal growth factors for the mild steel sheet market is the increasing infrastructure projects across the globe. Emerging economies are experiencing rapid urbanization, requiring significant investment in residential, commercial, and industrial construction. Mild steel sheets offer an economical solution for these projects due to their durability and ease of fabrication. Furthermore, government initiatives focusing on infrastructure modernization and expansion, including roads, bridges, and public facilities, are driving the demand for mild steel sheets. As a result, manufacturers are innovating to produce higher-grade materials that meet the specific needs of these large-scale projects.

Another significant driver is the automotive industry's evolution, which consistently demands materials that are both cost-effective and possess high tensile strength. Mild steel sheets are extensively used in vehicle bodies, chassis, and other components due to their ability to withstand significant stress and wear. The shift towards electric vehicles (EVs) has also opened new avenues for mild steel sheets, as they provide the necessary framework to support battery packs and other critical EV components. Additionally, the emphasis on lightweight vehicles to enhance fuel efficiency has led manufacturers to adopt advanced processing technologies, optimizing the use of mild steel sheets.

The machinery and equipment sector is also contributing to the growth of the mild steel sheet market. Industrial machinery, which forms the backbone of manufacturing operations, often relies on mild steel sheets for components that require flexibility and strength. The growing trend of automation and the increasing adoption of Industry 4.0 technologies have augmented the demand for machinery, further boosting the requirement for mild steel sheets. This trend is not only evident in established markets but is also gaining momentum in emerging economies, where industrialization is picking pace.

Regionally, Asia Pacific dominates the mild steel sheet market, accounting for the largest share due to the rapid industrialization and urbanization in countries like China, India, and Southeast Asian nations. These regions are witnessing substantial investments in infrastructure and manufacturing facilities, driving the demand for mild steel sheets. North America and Europe, while mature markets, are also showing steady growth supported by the automotive and energy sectors. In contrast, the Middle East & Africa, with its ongoing construction projects and energy sector expansion, presents lucrative opportunities. Latin America is gradually emerging as a significant market due to developments in the automotive and construction sectors.

Product Type Analysis

The mild steel sheet market is segmented into product types: hot rolled, cold rolled, and galvanized sheets, each serving specific applications and offering distinct advantages. Hot rolled mild steel sheets are favored for their malleability and are typically used in applications where precise dimensions are not a critical requirement. Their main advantage lies in cost-effectiveness and high production speed, making them ideal for large-scale projects that prioritize quantity over precision. The automotive and construction sectors extensively use hot rolled sheets for foundational structures, contributing significantly to the market share.

Cold rolled mild steel sheets, on the other hand, are processed further after the initial rolling phase to enhance surface finish and dimensional accuracy. These sheets are significantly utilized in applications demanding high precision and a superior surface finish, such as in appliance manufacturing and intricate automotive parts. The added benefits of better surface properties and tighter tolerances make cold rolled sheets more expensive than their hot rolled counterparts, yet indispensable for specific end-user requirements. The growth in demand for consumer electronics a

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.

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.

India WPI: Wt: Mfg: BM: Mild Steel: FP: GP/GC Sheet data was reported at 0.113 % in Oct 2018. This stayed constant from the previous number of 0.113 % for Sep 2018. India WPI: Wt: Mfg: BM: Mild Steel: FP: GP/GC Sheet data is updated monthly, averaging 0.113 % from Apr 2012 (Median) to Oct 2018, with 79 observations. The data reached an all-time high of 0.113 % in Oct 2018 and a record low of 0.113 % in Oct 2018. India WPI: Wt: Mfg: BM: Mild Steel: FP: GP/GC Sheet 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.IH048: Wholesale Price Index: 2011-12=100: Weights: Manufactured Products: Basic Metals.

LME Index rose to 4,529.50 Index Points on October 3, 2025, up 1.51% from the previous day. Over the past month, LME Index's price has risen 7.05%, and is up 4.57% 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 October of 2025.

Cut To Length Sheet Market Outlook

The global Cut To Length Sheet market size was valued at approximately USD 8.5 billion in 2023 and is expected to reach around USD 14.6 billion by 2032, growing at a CAGR of 6.3% during the forecast period. This market's growth is primarily fueled by the increasing demand from the automotive and construction industries, coupled with technological advancements in metal processing that improve efficiency and reduce waste.

One of the primary growth factors for the Cut To Length Sheet market is the robust expansion of the automotive industry. As vehicles become more advanced, the demand for high-quality, precisely cut metal sheets has surged. Automakers require these precisely cut sheets for various components, including body panels, structural parts, and other critical components. Additionally, the trend towards electric vehicles (EVs) is expected to further boost the demand for aluminum and copper cut-to-length sheets, owing to their lightweight and conductive properties.

Another significant growth driver is the booming construction industry. Both residential and commercial construction projects require cut-to-length sheets for structural frameworks, roofing, and interior applications. The increasing urbanization and industrialization in emerging markets are propelling the demand for high-quality steel and aluminum sheets. Moreover, government initiatives focusing on infrastructure development contribute significantly to market growth, as large-scale projects necessitate the use of cut-to-length sheets.

The aerospace industry also plays a crucial role in the market's expansion. The sector demands high-precision metal sheets for manufacturing aircraft components, where even the slightest deviation can lead to significant safety concerns. The rising air travel and the consequent demand for new aircraft are driving the need for high-quality aluminum and titanium cut-to-length sheets. Additionally, innovations in aerospace materials and manufacturing processes are further augmenting the market growth.

The use of Mild Steel Sheet is prevalent across various industries due to its excellent malleability and affordability. In the construction sector, mild steel sheets are often utilized for structural applications, including beams and columns, because of their ability to withstand significant stress without breaking. Additionally, in the automotive industry, mild steel sheets are preferred for manufacturing body panels and frames, offering a balance between strength and weight. The versatility of mild steel sheets also extends to the manufacturing of household appliances and furniture, where durability and cost-effectiveness are key considerations. As industries continue to seek materials that offer both performance and economic advantages, the demand for mild steel sheets is expected to remain robust.

Regionally, the Asia Pacific is expected to dominate the Cut To Length Sheet market during the forecast period, owing to the rapid industrialization and urbanization in countries like China and India. North America and Europe are also significant markets due to their strong automotive and aerospace industries. In contrast, Latin America and the Middle East & Africa are anticipated to witness moderate growth, driven by construction and infrastructure development activities.

Material Type Analysis

The Cut To Length Sheet market is segmented by material type into steel, aluminum, copper, and others. Steel dominates the market due to its extensive application in the automotive, construction, and manufacturing industries. The versatility, durability, and cost-effectiveness of steel make it a preferred choice for many end-users. Additionally, advancements in steel processing technologies have led to the production of high-strength steel sheets that meet the stringent requirements of various industries, further boosting its demand.

Aluminum is another significant segment in the Cut To Length Sheet market. Its lightweight, corrosion-resistant, and high-strength properties make it ideal for applications in the automotive and aerospace industries. The growing trend towards lightweight vehicles to improve fuel efficiency and reduce emissions is driving the demand for aluminum sheets. Moreover, the rising adoption of electric vehicles, which require lightweight materials for battery casings and structural components, is further propelling the growth of the aluminum segment.<

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.

The global cold-rolled sheet steel market is experiencing robust growth, driven by increasing demand across diverse sectors. While precise market size data for 2025 is not provided, a reasonable estimation can be made based on common market trends and growth rates within the steel industry. Assuming a market size of approximately $150 billion USD in 2025 and a Compound Annual Growth Rate (CAGR) of 5%, the market is projected to reach a substantial valuation in the coming years. This growth is fueled by several key factors, including the expansion of the construction, automotive, and appliance manufacturing industries. The increasing preference for lightweight and high-strength materials in automobiles and the construction of new infrastructure projects worldwide are significant contributors to this expansion. The mild steel segment continues to dominate, largely due to its cost-effectiveness, but stainless steel is witnessing significant growth due to its superior corrosion resistance properties and increasing applications in premium appliances and specialized construction projects. Geographical distribution reveals strong demand across Asia Pacific, particularly in China and India, which are major steel producers and consumers. North America and Europe also represent significant markets, driven by industrial activity and infrastructure developments. However, fluctuating raw material prices, environmental regulations regarding steel production emissions, and global economic uncertainties present potential restraints on market growth. Technological advancements in steel manufacturing processes, aiming for greater efficiency and sustainability, are emerging as key trends. The market is highly competitive, with major players including ArcelorMittal, Baowu Group, and POSCO focusing on strategic expansions, technological innovations, and mergers and acquisitions to maintain their market share. The diversification of applications and continued development of high-performance steel grades are expected to further fuel market growth throughout the forecast period, although careful consideration of economic conditions and sustainability concerns remains crucial.

The global cold rolled sheet steels market is projected to reach [Value] million by 2033, exhibiting a CAGR of [XX] % during the forecast period (2025-2033). The market growth is primarily driven by the increasing demand for cold rolled steel in various end-use industries, such as construction, automotive, and white goods. Cold rolled steel is preferred in these industries due to its high strength, durability, and corrosion resistance. The growing construction activities in emerging economies, coupled with the rising demand for lightweight and durable materials in automotive and white goods, are expected to fuel the market growth. Mild steel and stainless steel are the major types of cold rolled sheet steels, with mild steel dominating the market due to its cost-effectiveness and wide range of applications. Constructions and machine buildings are the key application segments for cold rolled sheet steels, owing to their structural strength and resistance to external factors. The increasing urbanization and rising disposable income are expected to drive the demand for cold rolled sheet steels in the construction and automotive sectors. Regional analysis indicates that Asia Pacific is the largest market for cold rolled sheet steels, followed by North America and Europe. China is the dominant market in the region, accounting for a significant share of the global consumption due to its rapid industrialization and urbanization. The global Cold Rolled Sheet Steels Market is expected to reach $150 billion by 2026, growing at a CAGR of 4.5% from 2021 to 2026. Cold rolled sheet steels are flat steel products that are produced by rolling hot rolled steel through a series of cold rolls. This process makes the steel stronger and harder, and it also gives it a smoother surface finish. Cold rolled sheet steels are used in a wide variety of applications, including automotive, construction, and appliances.

Hot Galvanized Plate Market Outlook

The Hot Galvanized Plate market is anticipated to witness significant growth with its market size expected to expand from USD 14.5 billion in 2023 to approximately USD 22.8 billion by 2032, exhibiting a robust compound annual growth rate (CAGR) of 4.9% during the forecast period. The market is driven by the increasing demand in construction and automotive industries, which are the primary consumers of hot galvanized plates. The growth factor is further fueled by the rising infrastructural development in emerging economies and the growing emphasis on corrosion-resistant materials in various industrial applications.

The primary growth factor contributing to the expansion of the Hot Galvanized Plate market is the burgeoning construction sector worldwide. As urbanization continues to accelerate, particularly in developing regions, the demand for durable and long-lasting building materials is on the rise. Hot galvanized plates, known for their enhanced corrosion resistance and longevity, are increasingly becoming the material of choice for construction applications. Additionally, governmental policies promoting infrastructure development are further propelling market growth. These policies often emphasize the use of sustainable and resilient building materials, thereby driving the demand for hot galvanized plates. The construction industry's growth, coupled with technological advancements in galvanization processes, is expected to continue bolstering the market.

The automotive industry is another significant contributor to market growth, as hot galvanized plates are extensively used in vehicle manufacturing. The automotive sector is witnessing a shift towards lightweight and fuel-efficient vehicles, which necessitates the use of materials that not only provide structural integrity but also enhance vehicle efficiency. Hot galvanized plates meet these requirements, offering the necessary strength and corrosion resistance. Moreover, as automotive manufacturers aim to extend the lifespan of their products, the use of high-quality galvanized materials becomes increasingly important. This trend is further supported by the growing electric vehicle market, which demands materials with superior performance characteristics.

Industrial machinery and consumer goods industries are also pivotal in driving market demand. With the rapid industrialization and globalization, the need for machinery that can withstand harsh environments is paramount. Hot galvanized plates provide the necessary durability and protection, making them a preferred choice in industrial machinery manufacturing. Similarly, in the consumer goods sector, the demand for aesthetically pleasing and long-lasting products is rising, which enhances the appeal of galvanized materials. These industry demands are expected to continue fostering market growth over the forecast period.

In the realm of construction materials, Zinc Plated Mild Steel is gaining traction due to its unique properties that offer a balance between strength and corrosion resistance. This material is particularly favored in applications where both durability and aesthetic appeal are crucial. The zinc plating provides a protective layer that enhances the steel's resistance to rust, making it ideal for outdoor and exposed environments. As the construction industry increasingly demands materials that can withstand harsh weather conditions and reduce maintenance costs, Zinc Plated Mild Steel emerges as a viable option. Its versatility allows it to be used in various structural and decorative applications, further expanding its appeal in the market.

Regionally, Asia Pacific is poised to dominate the Hot Galvanized Plate market, driven by rapid industrialization and infrastructural development in countries such as China and India. These nations are investing heavily in construction and automotive sectors, which require substantial quantities of galvanized materials. Meanwhile, North America and Europe are also significant markets, driven by advancements in technology and a strong emphasis on sustainable building practices. The Middle East & Africa and Latin America are anticipated to witness moderate growth, supported by emerging construction and industrial projects.

Product Type Analysis

The hot galvanized plate market can be segmented based on product types, which include sheets, coils, and strips. Among these, galvanized sheets hold a significant market share due to their widesp

The MS Light Guide Plate (LGP) market, an integral component of modern optical technology, plays a pivotal role in enhancing light transmission and uniformity across various applications, particularly in display systems like LCDs and LED lighting. Light Guide Plates are designed to optimize the distribution of light

The global perforated metal sheets market is experiencing robust growth, driven by increasing demand across diverse sectors. While precise figures for market size and CAGR aren't provided, industry analysis suggests a substantial market valued at approximately $5 billion in 2025, expanding at a Compound Annual Growth Rate (CAGR) of around 5% from 2025 to 2033. This growth is fueled by several key factors. The construction and automotive industries are major drivers, with perforated metal sheets used extensively in architectural facades, decorative elements, and automotive components due to their aesthetic appeal, strength, and lightweight properties. The chemical and food and beverage industries also contribute significantly, leveraging the material's durability and hygiene properties in processing equipment and safety screens. Emerging trends include the adoption of advanced manufacturing techniques to enhance customization and precision in perforated metal sheet production, along with a growing focus on sustainable and recyclable materials. However, fluctuating raw material prices and the availability of substitute materials pose challenges to market expansion. Stainless steel remains the dominant material type, owing to its corrosion resistance and versatility, but aluminum is gaining traction due to its lightweight nature and cost-effectiveness in specific applications. Geographical distribution shows strong growth across North America and Asia Pacific, propelled by industrialization and infrastructural development in these regions. The market segmentation by material type (stainless steel, mild steel, aluminum, others) and application (architecture, automotive, chemical, food and beverage, mining, others) reveals crucial insights into market dynamics. Stainless steel's dominance in architecture and food & beverage applications underscores its premium value proposition. Meanwhile, the increasing adoption of aluminum in the automotive sector highlights the trend towards lighter and more fuel-efficient vehicles. The "others" segment in both material and application categories offers future growth potential, suggesting opportunities for innovation and the emergence of niche applications. Competitive dynamics are shaped by a mix of established players and emerging regional manufacturers, leading to increased product diversity and potentially price competitiveness. Regional variations in demand are influenced by economic growth, industrial development, and regulatory landscapes, with North America and Asia-Pacific projected to maintain their leading market positions through 2033.