Steel rose to 3,044 CNY/T on October 17, 2025, up 0.03% from the previous day. Over the past month, Steel's price has fallen 1.07%, and is down 6.34% 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.

HRC Steel fell to 811.04 USD/T on October 20, 2025, down 0.36% from the previous day. Over the past month, HRC Steel's price has fallen 2.17%, but it is still 15.04% 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.

Iron and steel scrap prices in the United States stood at around *** U.S. dollars per metric ton in 2024, down from *** dollars per ton a year earlier. This is the fourth consecutive annual decrease recorded. Steel scrap consumption The majority of domestic steel industry scrap consumption is from manufacturers of raw steel, and steel castings. These raw materials are used to produce steel products that are used for appliances, construction, machinery, and transportation, among other industry uses. Only small amounts of steel scrap were used for the production of ferroalloys, copper precipitation, and the chemical industry. Recycling scrap Recycled iron and steel scrap materials have been essential for the production of new steel and cast iron products. Vehicles are one of the largest sources of old steel scrap used for recycling and nearly 100 percent of cars are recycled for their scrap material. It is expected that the recycling rate for scrap materials from appliances and construction purposes should rise, especially as public interest for recycling grows and profitability increases.

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 Aug 2025 about steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

ArcelorMittal's average steel selling price in Europe fluctuated between 2013 and 2024. However, the average price increased considerably after 2020 and peaked in 2022. In 2024, the average steel selling price was recorded at *** U.S. dollars per metric ton, with a slight decrease compared to the previous year.

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.

Track Stainless Steel 304 price trends with monthly, quarterly, and yearly data for 2024–2025. Get expert forecasts, historical charts, and regional insights to plan your sourcing.

In the fiscal year 2024, the average price index for ordinary steel products for construction in Tokyo, Japan, stood at ***** index points. The price level declined from ***** in the previous year.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Fabricated Steel Plate (WPU10760102) from Dec 2001 to Aug 2025 about fabrication, steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

Scrap Steel rose to 343.50 USD/T on September 30, 2025, up 1.48% from the previous day. Over the past month, Scrap Steel's price has risen 0.59%, but it is still 4.45% lower 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 Scrap Steel.

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Carbon Steel Market Size 2025-2029

The carbon steel market size is valued to increase by USD 197.5 billion, at a CAGR of 3.3% from 2024 to 2029. Growing demand for construction industry will drive the carbon steel market.

Market Insights

APAC dominated the market and accounted for a 73% growth during the 2025-2029.
By End-user - Construction segment was valued at USD 405.20 billion in 2023
By Type - Low carbon steel segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 29.44 billion 
Market Future Opportunities 2024: USD 197.50 billion
CAGR from 2024 to 2029 : 3.3%

Market Summary

Carbon steel, a versatile alloy of iron and carbon, is a cornerstone of global industries due to its exceptional strength, durability, and cost-effectiveness. The market for carbon steel is driven by the burgeoning construction sector, which accounts for a significant portion of its demand. Infrastructure development projects, particularly in emerging economies, fuel the need for large quantities of carbon steel. Moreover, the increasing adoption of sustainable manufacturing practices has led to the steel industry's evolution, with carbon steel being a key material in the production of green steel through the electric arc furnace process. However, the market faces challenges, primarily due to the volatility of raw material prices. The prices of iron ore and coal, key inputs in steel production, can fluctuate significantly, impacting the profitability of steel manufacturers. A real-world business scenario illustrates this challenge. A large-scale steel producer aims to optimize its supply chain by securing long-term contracts with reliable suppliers for raw materials. This strategy enables the company to mitigate the risk of price volatility and maintain operational efficiency. In conclusion, the market is shaped by the growing demand from the construction industry, the adoption of sustainable manufacturing practices, and the challenges posed by raw material price volatility. Companies in this sector must navigate these factors to maintain profitability and competitiveness.

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

Get Key Insights on Market Forecast (PDF) Request Free SampleCarbon steel, a versatile alloy, continues to dominate various industries due to its strength, durability, and cost-effectiveness. Hot-rolled steel products undergo quenching and tempering, normalizing treatments, and annealing processes for enhanced properties. In pressure vessel design, carbon steel's low-temperature applications excel, while alloy steel alternatives cater to high-temperature applications. Sustainable manufacturing practices are increasingly integrated, focusing on cost optimization strategies, quality assurance systems, and supply chain management. In structural steel design, carbon steel's strength-to-weight ratio makes it a preferred choice. Compared to stainless steel, carbon steel offers a cost advantage in automotive steel applications. Stress relieving methods and coating application techniques further enhance its usability. Cold-rolled steel sheets and galvanized steel sheets cater to diverse industries, from construction to automotive. Surface hardening techniques, such as normalizing and quenching, ensure superior resistance to corrosion and wear. Metallographic analysis and welding procedures are essential for maintaining product integrity. Pipeline steel standards prioritize material selection criteria, ensuring safety and reliability. Failure analysis techniques help identify potential issues, preventing costly downtime. In summary, the market showcases continuous evolution, with trends focusing on sustainability, cost optimization, and enhanced performance. Companies prioritize compliance with industry standards, ensuring the delivery of high-quality products. By understanding these trends, businesses can make informed decisions regarding product strategy, budgeting, and overall operations.

Unpacking the Carbon Steel Market Landscape

Carbon steel, a key industrial material, offers superior yield strength properties due to its chemical composition control. Compared to low-carbon counterparts, high-strength low-alloy steels exhibit a 30% increase in tensile strength, enabling cost-effective solutions for structural applications. Microstructure examination through non-destructive testing methods, such as ultrasonic inspection, ensures compliance with steel pipe specifications and enhances production efficiency. Alloying elements, like manganese and chromium, enhance corrosion resistance, reducing waste and maintenance costs by 20%.

Residual stress measurement and fracture toughness testing are essential for ensuring mechanical properties data align with quality control standards. Heat treatment processes, including

Graph and download economic data for Import Price Index (End Use): Iron and Steel Mill Products - Semifinished (IR141) from Jan 2025 to Aug 2025 about end use, iron, mills, steel, imports, production, price index, indexes, price, and USA.

The iron and steel industry in Mexico generated a real gross domestic product (GDP) of under ** billion Mexican pesos in 2021, based on constant prices (taking 2013 values as reference). This represented an increase of five percent in comparison to the contribution of the iron and steel industries to Mexico's real GDP a year earlier.

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.

Bulgaria Import Price Index: Mfg: Iron and Steel data was reported at 91.400 Prev Year=100 in Dec 2024. This records a decrease from the previous number of 92.600 Prev Year=100 for Sep 2024. Bulgaria Import Price Index: Mfg: Iron and Steel data is updated quarterly, averaging 101.100 Prev Year=100 from Mar 2001 (Median) to Dec 2024, with 96 observations. The data reached an all-time high of 167.874 Prev Year=100 in Dec 2021 and a record low of 65.045 Prev Year=100 in Sep 2009. Bulgaria Import Price Index: Mfg: Iron and Steel data remains active status in CEIC and is reported by National Statistical Institute. The data is categorized under Global Database’s Bulgaria – Table BG.I016: Import Price Index: Previous Year=100.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Steel Pipe and Tube, Stainless Steel (WPU10170674) from Dec 2010 to Aug 2025 about steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

The steel rebar prices in the United States for Q3 2024 reached 860 USD/MT in September. The region experienced notable price drops amid declining demand and excess supply. Prices consistently trended downward, with a minor decrease at the end of the quarter. This persistent bearish sentiment highlighted ongoing challenges in stabilizing the market as excess supply continued to weigh heavily on pricing dynamics.

Graph and download economic data for Import Price Index (End Use): Iron and Steel Products, Except Advanced Manufacturing (IR150) from Dec 1980 to Aug 2025 about end use, iron, steel, imports, production, manufacturing, price index, indexes, price, and USA.

In 2024, the Europe cold-rolled steel products market decreased by -3.4% to $38.1B, falling for the second consecutive year after two years of growth. In general, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $52.7B in 2022; however, from 2023 to 2024, consumption remained at a lower figure.