Steel rose to 3,076 CNY/T on September 2, 2025, up 0.89% from the previous day. Over the past month, Steel's price has fallen 3.78%, but it is still 1.02% higher than a year ago, 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 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.

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.

The Wholesale Price Index of semi finished stainless steel across India during financial year 2024 was around ***. The price index of stainless steel increased by about ** percent from the base financial year of 2012. A huge increase in the index value of the stainless steel was seen in 2022.

Metal and Steel Price: Chennai: Plates 6 mm data was reported at 62,080.000 INR/Metric Ton in Apr 2025. This records an increase from the previous number of 59,620.000 INR/Metric Ton for Mar 2025. Metal and Steel Price: Chennai: Plates 6 mm data is updated monthly, averaging 44,810.000 INR/Metric Ton from Aug 2003 (Median) to Apr 2025, with 257 observations. The data reached an all-time high of 94,900.000 INR/Metric Ton in Apr 2022 and a record low of 23,500.000 INR/Metric Ton in Nov 2003. Metal and Steel Price: Chennai: Plates 6 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.WAC002: Metal and Steel Retail Prices: Chennai: Monthly.

As of December 2022, the cost of structural steel was the highest in Mumbai, India, with *** U.S. dollars per metric ton. It was the cheapest in Pune and Bangalore, with *** metric ton costing *** U.S. dollars.

HRC Steel fell to 793 USD/T on August 29, 2025, down 2.10% from the previous day. Over the past month, HRC Steel's price has fallen 7.79%, but it is still 11.06% 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.

Cold-Rolled Steel Products Price in India - 2023. Find the latest marketing data on the IndexBox platform.

The Indian steel and iron articles market declined to $12.5B in 2024, reducing by -2% against the previous year. The market value increased at an average annual rate of +2.5% from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $15.2B in 2020; however, from 2021 to 2024, consumption remained at a lower figure.

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Carbon Steel Market Size 2025-2029

The carbon steel market size is forecast to increase by USD 197.5 billion, at a CAGR of 3.3% between 2024 and 2029.

The market is experiencing significant growth, driven primarily by the expanding construction industry. This sector's increasing demand for durable and cost-effective steel solutions is fueling market expansion. Additionally, there is a rising trend towards sustainable manufacturing practices, as companies seek to reduce their environmental footprint and improve their social responsibility. However, the market faces challenges due to the volatility of raw material prices, which can significantly impact production costs and profitability. Environmental conditions necessitate the use of anti-corrosion coatings, further bolstering market demand.
As such, market participants must navigate this price instability while continuing to meet customer demands and maintain competitive pricing. Companies that successfully manage these dynamics and innovate to meet evolving customer needs will be well-positioned to capitalize on the market's growth opportunities. From the hot rolling process to the final product, every stage of carbon steel production is meticulously controlled to ensure the highest quality and performance. Volatile prices of raw materials, such as iron ore and coal, pose a significant threat to market growth.

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

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The market continues to evolve, driven by advancements in steel manufacturing processes and the diverse applications of this versatile material across various sectors. The hot rolling process and continuous casting technique have revolutionized steel production, enabling the mass production of high strength steel with superior mechanical properties. For instance, the adoption of high strength steel in the automotive industry has led to a significant increase in fuel efficiency and reduced emissions. The steel manufacturing process undergoes rigorous testing to ensure adherence to material specification standards.

Impact toughness testing, surface hardness testing, and corrosion resistance rating assessment are essential to evaluate the steel's performance under various conditions. Carbon steel alloying, annealing temperature control, and heat treatment processes like quenching and tempering are crucial in optimizing the steel's mechanical properties. Non-destructive testing methods, such as ultrasonic testing and X-ray inspection, are employed to ensure product quality and reliability. The electric arc furnace and basic oxygen furnace are integral to the steelmaking process, reducing iron ore to molten steel. Steel microstructure analysis and chemical composition analysis are essential in understanding the steel's behavior during manufacturing and its final properties.

The market is a dynamic and ever-evolving industry, driven by advancements in steel manufacturing processes and the diverse applications of this versatile material.

How is this Carbon Steel Industry segmented?

The carbon steel industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Construction
  Shipbuilding
  Automotive
  Transportation
  Others


Type

  Low carbon steel
  Medium carbon steel
  High carbon steel


Form Factor

  Flat products
  Long products
  Tubular products


Geography

  North America

    US


  Europe

    France
    Germany
    Italy
    UK


  APAC

    Australia
    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By End-user Insights

The Construction segment is estimated to witness significant growth during the forecast period. Carbon steel, a key component in various industries, undergoes a intricate manufacturing process that includes hot rolling, steel manufacturing, and alloying with elements like manganese and silicon for high strength steel. Post-production, processes such as galvanizing, impact toughness testing, and surface hardness testing ensure the steel meets specifications. The steel industry's growth is driven by construction, which accounted for the largest market share in 2024, with a steady expansion of residential and commercial buildings globally. High-rise structures, tech parks, and infrastructure projects necessitate carbon steel's use due to its superior mechanical properties, including yield strength and tensile strength. Carbon steel tubes have gained significant traction in Europe due to the increasing demand from various end-user industries, including oil and gas, power generation, and infrastru

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.

At the end of fiscal year 2024, the Wholesale Price Index of metal products across India was around 139. This meant an increase in the WPI of more than 39 percent from the base year of 2012. An overall increase in the price index value was noted over the years from financial year 2013 in the country.

The net export value generated by the export of iron and steel from India was about **** billion U.S. dollars in the financial year 2024. This represented a decrease in the net export value of the product as compared to the previous financial year.

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Stainless Steel Market Size 2023-2027

The stainless steel market size is forecasted to increase by 10,299.64 thousand tons at a CAGR of 3.38% between 2022 and 2027. Market growth relies on various factors, notably the increased consumption of high-strength stainless steel, propelled by its corrosion resistance and excellent mechanical properties. Additionally, economic expansion in China and India contributes significantly to market growth. As these nations continue to develop industrially and infrastructurally, the demand for stainless steel, particularly for construction and manufacturing applications, is expected to rise. This confluence of factors positions the market for substantial growth in the foreseeable future. Furthermore, the stainless steel market analysis report includes historic market data from 2017 to 2021. The stainless steel market forecast indicates robust expansion, driven by increasing demand for steel across various industries. The stainless steel market size growth is propelled by advancements in production technologies and the rise of sustainable manufacturing practices. Current stainless steel market trends show a surge in applications, particularly in construction and automotive sectors, underscoring its vital role in modern infrastructure.

What will be the Size of the Stainless Steel Market During the Forecast Period?

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Stainless Steel Market Segmentation

The stainless steel market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in 'USD Million' for the period 2023 to 2027, as well as historical data from 2017 to 2021 for the following segments

End-user Outlook 

  Metal products
  Mechanical engineering
  Automobile and transportation
  Infrastructure and construction
  Electrical engineering





Product Outlook

  Flat
  Long





Region Outlook

  North America

    The US
    Canada


  Europe

    The UK
    Germany
    France
    Rest of Europe


  APAC

    China
    India


  Middle East and Africa

    Saudi Arabia
    South Africa
    Rest of the Middle East and Africa


  South America

    Argentina
    Brazil
    Chile

By End-user

The market share growth by the metal products segment will be significant during the forecast period. The use of stainless steel in metal products provides an aesthetic appeal, extensive textures, strength, functionality, corrosion resistance properties, and ease of cleaning properties such products, driving the growth of steel manufacturing. The demand for stainless steel for manufacturing metal products is high due to its ease of fabrication and mechanical properties.

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The metal products segment showed a gradual increase in the market share of 20,426.71 thousand t in 2017. Stainless steel is used in jewelry, belt buckles, clips, casings, watch straps and backs, cooker hoods, outdoor kitchen cabinets, worktops, drainers, sinks, and others. It is also used in kitchen vessels due to its hygiene properties, durability, and resilience to food discoloration and spoilage. The shift in consumer preference toward hygienic and easy-to-clean products is likely to increase the demand for stainless steel in metal products during the forecast period.

By Region

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APAC is estimated to account for 76% of the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. APAC has some of the largest stainless steel-producing countries in the world, such as China, Japan, South Korea, and India. China was the largest producer and consumer of stainless steel in 2020. Manufacturers are shifting to the consumption of scrap steel and stainless steel as raw materials to reduce pollution as well as manufacturing costs. These factors will drive the growth of the market in APAC during the forecast period.

Stainless Steel Market Dynamics

The market plays a vital role across various sectors, including residential housing, building & construction, railways, and automotive & transportation. Its resistance to corrosion surpasses that of carbon steel, making it a preferred choice. Renowned companies like Jindal Steel and Daido Steel contribute to its production capacities. Stainless steel finds applications in diverse architectural elements such as railings, roofing, and staircases, offering both pliability and appealing aesthetic properties. Moreover, it serves industrial needs like heat exchangers and tubulars, alongside providing swimming pool shades, canopies, and atriums with durability and low maintenance cost during repair and renovation. The stainless ste

After two years of growth, the Indian market for hot-rolled bars of high speed steel decreased by -3.3% to $7B in 2024. In general, the total consumption indicated a noticeable expansion from 2012 to 2024: its value increased at an average annual rate of +3.9% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +11.9% against 2020 indices.

Metal and Steel Price: Delhi: Joists 200x100 mm data was reported at 61,550.000 INR/Metric Ton in Apr 2025. This records an increase from the previous number of 60,360.000 INR/Metric Ton for Mar 2025. Metal and Steel Price: Delhi: Joists 200x100 mm data is updated monthly, averaging 41,940.000 INR/Metric Ton from Aug 2003 (Median) to Apr 2025, with 255 observations. The data reached an all-time high of 80,150.000 INR/Metric Ton in Apr 2022 and a record low of 19,000.000 INR/Metric Ton in Oct 2003. Metal and Steel Price: Delhi: Joists 200x100 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.

157861 Global import shipment records of Steel Scrap with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

Structural steel (FOB India) prices fell YoY in late 2023. From Oct ($598) to Dec ($515), consistent ~11-12% monthly drops were observed.

At the end of fiscal year 2024, the Wholesale Price Index of steel pipes and tubes across India was 138. This meant an increase in the WPI of 38 percent from the base year of 2012. India was the second largest steel producer in the world during the same period, just after China.