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.

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.

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

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

Dive into Market Research Intellect's Mild Steel Sheet Market Report, valued at USD 210 billion in 2024, and forecast to reach USD 300 billion by 2033, growing at a CAGR of 4.5% from 2026 to 2033.

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.

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

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.

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

The global zinc plated mild steel market exhibits robust growth, driven by increasing demand across diverse applications. While precise market size figures for 2025 are not provided, considering typical market growth for steel products and referencing industry reports, we can reasonably estimate the 2025 market size to be around $15 billion USD. Assuming a CAGR (Compound Annual Growth Rate) of 5% – a conservative estimate given the steel industry's cyclical nature and potential for fluctuations due to economic conditions – the market is projected to reach approximately $20 billion USD by 2033. This growth is fueled by several key factors. The construction industry, a major consumer of zinc-plated mild steel for structural applications like pipes and plates, continues to expand globally, particularly in developing economies. Similarly, the burgeoning automotive sector, reliant on zinc-plated steel for corrosion resistance in body parts and components, significantly contributes to market demand. Furthermore, the increasing adoption of zinc-plated steel in manufacturing and industrial equipment bolsters market growth. However, several factors restrain market expansion. Fluctuations in raw material prices, primarily zinc and steel, impact production costs and profitability. Furthermore, environmental regulations regarding zinc disposal and recycling pose challenges to manufacturers. Competition from alternative materials, such as aluminum and other corrosion-resistant coatings, also influences market dynamics. Nevertheless, the long-term outlook remains positive, driven by sustained infrastructure development, industrialization in emerging markets, and ongoing innovation in steel manufacturing and coating technologies. Segment-wise, steel coils dominate the market, closely followed by steel plates, owing to their wide applicability. Geographically, Asia Pacific, particularly China and India, represents a significant market share due to extensive construction and manufacturing activities. North America and Europe also maintain substantial market presence, driven by mature industries and robust infrastructure investments.

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.

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.

LME Index fell to 4,124.80 Index Points on July 31, 2025, down 1.11% from the previous day. Over the past month, LME Index's price has fallen 2.70%, but it is still 6.44% higher 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 August of 2025.

The global market for Cold Rolled Steel Plate for Automobiles is projected to reach a value of XXX by 2033, expanding at a CAGR of XX% during the forecast period (2025-2033). The growth of the market is attributed to increasing demand for lightweight and fuel-efficient vehicles, stringent government regulations on vehicle emissions, and rising production of passenger cars and commercial vehicles. The market is segmented based on application, type, and region. Passenger cars and commercial vehicles are the major application segments, accounting for a significant share of the market. In terms of type, ordinary steel sheet (mild steel sheet) holds the largest market share, owing to its cost-effectiveness and wide usage in the manufacturing of automobile components. North America and Asia Pacific are the key regional markets for cold rolled steel plate for automobiles, with China and the United States being the major contributors to the market growth due to their large automotive industries and increasing vehicle production.

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.