Steel fell to 3,021 CNY/T on September 26, 2025, down 1.82% from the previous day. Over the past month, Steel's price has fallen 2.58%, and is down 5.59% 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 September of 2025.

In 2023, the price of fabricated structural steel in the United Kingdom has fallen by over ** percent. That came after the cost of that building material soared between 2020 and 2022. Most of that price increase happened in 2021, with a growth rate of **** percent that year. Structural steel is widely used for construction because it is durable, malleable, and strong, while also being cheaper than many other metals. For example, it is often used as a structural material for skyscrapers and other buildings, as well as for infrastructure. Why has the price of steel increased? Those price increases seen until 2022 have not just affected the UK, but many other countries around the world. For example, the cost of fabricated structural metal in the U.S. and that of structural steel and other steel products in Germany reached their highest growth rate in 2022. Supply chain disruptions along with a decrease in the global production of crude steel in 2020 were some of the main reasons for those price hikes in 2021. In addition to that, the price of iron ore, which is the main component of steel, and energy also had a strong impact on the final price of steel products those years. Largest steel producers In the past couple of years, China was by far the largest steel producer in the world, with a production volume that was well over ***** times higher than that of the second country in the ranking: India. Although the United States was also on that list along with Japan and Russia, it was not among the leading exporters of steel. The reason for that discrepancy is that a big share of the production in countries of the size of the U.S., China, and India goes to fill their own domestic needs. Meanwhile, **** of the ** companies with the highest output of steel came from China, with the rest coming from Luxembourg, Japan, South Korea, India, and the U.S.

HRC Steel fell to 808 USD/T on September 26, 2025, down 1.22% from the previous day. Over the past month, HRC Steel's price has fallen 0.62%, but it is still 10.08% 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.

Nucor and Gerdau, leaders in the US steel industry, announce significant price hikes due to rising raw material costs, impacting rebar and hot rolled coil prices.

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.

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.

As of March 11, 2025, the consumer price index in the United States is projected to increase by **** percent during the year following the country's planned 25 percent tariffs on steel and aluminum imports. Out of all the countries analyzed, the U.S. is projected to be the only one to record a growth in its price index, contributing to the global price index increase.

This report uses the producer price index for steel mill products, averaging the growth in price for various types of steel, including bars, sheets, strips, plates and wires, of the hot-rolled and cold-rolled varieties. The index has a base year of 1982. Data is sourced from the Bureau of Labor Statistics and is presented as the equally weighted average of monthly figures.

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.

Why did the Steel Plate Price Change in July 2025? The Steel Plate Price Index in the USA increased by 3.2% quarter-over-quarter in Q2 2025. The rise was driven by supply tightening following reduced mill output and a modest recovery in end-user demand from construction and machinery segments.

Nucor Corporation raises hot-rolled coil prices for the fourth time in 2025, setting the new base at $820 per short tonne, reflecting dynamic market trends and trade policy influences.

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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

The global steel market, valued at $1,329,590 million in 2025, is projected to experience minimal growth over the forecast period (2025-2033), reflecting a CAGR of -1%. This stagnation, despite the continued demand from construction and infrastructure development globally, is primarily attributed to several factors. Increased production costs due to rising energy prices and raw material scarcity are impacting profitability, leading to cautious production expansions. Furthermore, growing environmental concerns and stricter regulations surrounding carbon emissions are forcing steel manufacturers to invest heavily in sustainable production methods, further affecting short-term growth. The competitive landscape is dominated by large integrated steel mills like China Baowu Group, ArcelorMittal, and Nippon Steel Corporation, who are strategically focusing on technological advancements and diversification into value-added products to mitigate the impact of slow growth. Regional variations are expected, with emerging economies potentially showing more dynamic growth than mature markets facing economic slowdown. The shift towards more sustainable steel production, including the adoption of electric arc furnaces and increased recycling, will likely influence the long-term outlook and redefine market dynamics. The relatively flat growth trajectory highlights the need for strategic adaptation within the industry. While infrastructure projects continue to fuel demand, the price sensitivity of steel and the increasing regulatory pressures necessitate a shift towards higher-value products and sustainable manufacturing processes. Key players are actively pursuing mergers and acquisitions, technological innovations (such as hydrogen-based steelmaking), and partnerships to improve efficiency and gain a competitive edge in a slowing market. The long-term success in the steel sector will hinge on the ability of companies to successfully navigate these challenges and embrace sustainable and technologically advanced solutions. Further analysis of regional data and specific segment performance would provide more granular insights into the market's future trajectory.

In 2023, the price index for iron and steel combined in Germany was *****. This means that compared to 2015, the index year, prices have increased by almost *** percent. This was a significant difference compared to the year before.

SSAB Americas announces a $100 per ton price increase for heavy plate products amid ongoing market instability, marking the third such hike in just over a month.

Get the latest insights on price movement and trend analysis of Stainless Steel in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

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.

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The high strength steel market share is expected to increase by USD 14.51 million from 2019 to 2024, and the market’s growth momentum will accelerate at a CAGR of 10.14%

This high strength steel market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers high strength steel market segmentation by application (automotive, construction, aviation, and others) and geography (APAC, North America, Europe, South America, and MEA). The high strength steel market report also offers information on several market vendors, including ArcelorMittal SA, Essar Steel India Ltd., HBIS Group Co. Ltd., Hyundai Steel Co., JSW STEEL Ltd., Nippon Steel Corp., Nucor Corp., POSCO, Tata Steel Ltd., and United States Steel Corp. among others.

What will the High Strength Steel Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the High Strength Steel Market Size for the Forecast Period and Other Important Statistics

High Strength Steel Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The growing demand for high strength steel in the automobile industry is notably driving the high-strength steel market growth, although factors such as the volatile prices of raw materials may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the high strength steel industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key High Strength Steel Market Driver

The growing demand for high-quality automobile components is one of the major factors driving the market growth. Because of the performance of high-strength steel in comparison to low and mild-strength steel, automotive manufacturers mainly prefer high-strength steel over mild-strength steel for manufacturing vehicle components that find applications for indoor beams, chassis, bumpers, and cross-members and seating. With the increasing growth of the automotive industry, this demand for manufacturing high-quality components will significantly fuel the growth of the high-strength steel market.

Key High Strength Steel Market Trend

The rising demand in the wind energy sector is another factor supporting the high-strength steel market growth. The demand for renewable energy is growing with the rise in environmental concerns. The wind energy sector is growing with the increasing establishment of wind turbines and is expected to surpass other sources of renewable power generation. The rising global demand for wind energy for the generation of electricity has increased the demand for more installation of wind turbines. The components of wind turbines require high-strength materials for better performance and extended service life. AHSS is used in manufacturing different parts of turbines, including towers, gearboxes, and motor houses. Therefore, the increasing installation of wind turbines will drive the demand for high-strength steel.

Key High Strength Steel Market Challenge

The volatile prices of raw materials will be a major challenge for the high-strength steel market during the forecast period. In the past few years, the prices of iron ore witnessed major fluctuations, which has affected the prices of crude steel and finished steel products. Although the demand for steel is increasing in the automotive, construction, marine, aviation, and other industries, the fluctuating prices of raw materials are hampering the growth of the steel market. The fluctuating prices of iron ore are attributed to the mining disruptions in Australia and Brazil. The disruptions have also reduced the steel import rate in China as the shipments from both Australia and Brazil have decreased significantly. In addition, owing to revised environmental policies, China is expected to restrict its steel production, which will increase the prices of iron ore and steel. Therefore, the increase in the prices of steel is expected to limit the growth of the global AHSS market during the forecast period.

This high-strength steel market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global high-strength steel market as a part of the global steel market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the high-strength

Europe's steel producers are signaling price increases for hot-rolled coil. Market optimism and extended CO2 emissions deadlines support this trend, with prices expected to rise due to higher raw material costs.

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).