Steel fell to 3,031 CNY/T on October 24, 2025, down 0.30% from the previous day. Over the past month, Steel's price has fallen 1.50%, and is down 6.54% 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.

Graph and download economic data for Global price of Metal index (PMETAINDEXM) from Jan 1992 to Jun 2025 about metals, World, indexes, and price.

Raw materials price index (RMPI) by North American Product Classification System (NAPCS) 2017 Version 2.0. Monthly data are available from January 1981. The table presents data for the most recent reference period and the last four periods. The base period for the index is (202001=100).

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.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Iron and Steel (WPU101) from Jan 1926 to Aug 2025 about iron, steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

View monthly updates and historical trends for Other Raw Materials Price Index. Source: World Bank. Track economic data with YCharts analytics.

Belgium Raw Materials Price Index: Industrial Material: Non Ferrous Metals data was reported at 275.600 2000=100 in Dec 2010. This records an increase from the previous number of 264.000 2000=100 for Nov 2010. Belgium Raw Materials Price Index: Industrial Material: Non Ferrous Metals data is updated monthly, averaging 113.150 2000=100 from Jan 1996 (Median) to Dec 2010, with 180 observations. The data reached an all-time high of 304.500 2000=100 in May 2007 and a record low of 76.700 2000=100 in Feb 1999. Belgium Raw Materials Price Index: Industrial Material: Non Ferrous Metals data remains active status in CEIC and is reported by National Bank of Belgium. The data is categorized under Global Database’s Belgium – Table BE.I027: Raw Material Price Index: 2000=100.

Canada Raw Materials Price Index: Metal ores, Concentrates & Scrap data was reported at 116.600 2010=100 in Sep 2020. This records a decrease from the previous number of 117.300 2010=100 for Aug 2020. Canada Raw Materials Price Index: Metal ores, Concentrates & Scrap data is updated monthly, averaging 97.700 2010=100 from Jan 2010 (Median) to Sep 2020, with 129 observations. The data reached an all-time high of 121.600 2010=100 in Feb 2011 and a record low of 79.500 2010=100 in Dec 2015. Canada Raw Materials Price Index: Metal ores, Concentrates & Scrap data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.I021: Raw Materials Price Index: 2010=100.

View monthly updates and historical trends for Agricultural Raw Materials Price Index. Source: World Bank. Track economic data with YCharts analytics.

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.

HRC Steel traded flat at 813 USD/T on October 23, 2025. Over the past month, HRC Steel's price has fallen 1.22%, but it is still 15.81% 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.

Wholesale Prices in Canada increased to 146.10 points in September from 143.60 points in August of 2025. This dataset provides - Canada Raw Materials Prices- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Explore how factors like raw material costs, global demand, and geopolitical tensions impact stainless steel prices. Understand the role of nickel and chromium markets, sustainable practices, and economic growth in price fluctuations.

Aluminum fell to 2,859.90 USD/T on October 24, 2025, down 0.11% from the previous day. Over the past month, Aluminum's price has risen 7.47%, and is up 6.91% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Aluminum - values, historical data, forecasts and news - updated on October of 2025.

As per Cognitive Market Research's latest published report, the Global Fabricated Metal market size was $22.41 Billion In 2022 and it is forecasted to reach $33.16 Billion By 2030. Fabricated Metal Industry's Compound Annual Growth Rate will be 5.81 % from 2023 to 2030. What is Driving Fabricated Metal Industry Growth?

Increasing demand for metal fabrication in reshoring, automation of metal fabrication, digitization for metal fabrication, and cybersecurity for metal fabrication is expected to drive the growth of the fabrication metal market. Furthermore, increasing demand for fabricated metal parts across automotive and construction end-use industries is expected to create growth opportunities for the global fabrication metal market. However, the increasing cost associated with setting up of metal fabrication business may hamper the growth of the fabrication metal market.

Key Restraint

The high cost of raw materials is restricting the market growth 

One of the limitations for the fabricated metal industry is the high cost of raw materials. Fabricated metal production is highly dependent on the acquisition of raw materials like steel, aluminum, and copper. Movement in the price of these materials has a very direct effect on manufacturers' cost profile. For instance, international factors like supply chain dislocations, geopolitical risks, and trade tariffs can precipitate spike ups in material prices. These increases in prices make it challenging for firms to have stable profit margins, particularly when the production costs increase but cannot be readily transferred to consumers because of competitive forces. Furthermore, raw material cost fluctuations can also cause project delays and cost overruns, as firms are unable to obtain the necessary materials at stable prices. In the longer term, it could hamper investments in innovations and new technologies in manufacturing since companies will first look to restrain costs before any effort towards modernization. Such restraint will make growth and profitability challenging in the fabricated metal sector.

Opportunity

Metal components in the electric vehicle (EV) segment is an opportunity for the market 

A significant opportunity for the fabricated metal market is the increasing demand for metal components in the electric vehicle (EV) segment. As the global transition to sustainable transport gathers pace, the demand for lightweight, long-lasting, and high-performance metal parts like chassis, body frames, and battery enclosures is growing very fast. Fabricated metals, especially steel and aluminum, play a pivotal role in vehicle light weighting, improving energy efficiency, and providing safety for EVs. The EV market is expected to expand dramatically in the next few years, fueled by tough emissions controls, government incentives, and growing consumer demand for cleaner modes of transportation. This expansion offers a golden opportunity for fabricated metal producers to meet the changing needs of the automotive sector, particularly as manufacturers look to enhance vehicle performance while minimizing carbon footprints. Through diversification of their product lines and investment in advanced fabrication technologies, firms can develop close relationships with EV manufacturers, becoming important suppliers in this fast-growing market. This trend offers both growth opportunity and long-term viability for the fabricated metal industry.

What is Metal fabrication?

Metal fabrication is the manufacturing process used to convert raw metal into parts or other end products. Fabricated metal various products such as hand tools, bolts, nuts, screws, cans, pipe & pipe fittings, and others. Fabrication metal offered various facilities such as welding, cutting, machining, and shearing. These provide value to their customers by offering a comprehensive range of services in one location.

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Metal Fabrication Market Size 2025-2029

The metal fabrication market size is valued to increase by USD 13.61 billion, at a CAGR of 5.1% from 2024 to 2029. Industrial growth in emerging markets will drive the metal fabrication market.

Market Insights

APAC dominated the market and accounted for a 45% growth during the 2025-2029.
By Material - Steel segment was valued at USD 29.04 billion in 2023
By End-user - Manufacturing segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 49.80 billion 
Market Future Opportunities 2024: USD 13.61 billion
CAGR from 2024 to 2029 : 5.1%

Market Summary

The market is a dynamic and evolving industry that plays a crucial role in various sectors, including construction, automotive, aerospace, and manufacturing. One of the key drivers of growth in this market is the increasing industrialization and infrastructure development in emerging economies. In these regions, the demand for metal fabricated products is surging due to the construction boom and the expansion of industries such as automotive and aerospace. Another trend shaping the metal fabrication landscape is the adoption of advanced technologies, such as 3D printing, to enhance manufacturing processes. This technology allows for the production of complex metal parts with high precision and reduced lead times, making it an attractive option for businesses seeking operational efficiency and cost savings. However, the metal fabrication industry faces challenges as well. The volatility in raw material costs, particularly for metals like steel and aluminum, can significantly impact the profitability of fabrication businesses. Supply chain optimization and effective risk management strategies are essential for mitigating the impact of these price fluctuations. For instance, a large automotive manufacturer may source raw materials from multiple suppliers to ensure a steady supply and maintain operational efficiency. By implementing a robust supply chain management system, the manufacturer can effectively manage the risks associated with raw material price volatility and ensure a consistent supply of high-quality metal components for their vehicles. In conclusion, the market is characterized by robust growth in emerging markets, the adoption of advanced technologies, and the challenges posed by raw material price volatility. Businesses that can effectively navigate these trends and challenges will be well-positioned to succeed in this dynamic industry.

What will be the size of the Metal Fabrication Market during the forecast period?

Get Key Insights on Market Forecast (PDF) Request Free SampleThe market is a dynamic and evolving industry that encompasses various processes, including casting, CNC turning, MIG welding, ultrasonic machining, CNC milling, wire EDM, plasma arc welding, and more. These techniques are integral to producing high-quality metal components with optimal weld strength, surface roughness, and dimensional accuracy. One notable trend in the market is the increasing emphasis on process optimization and cost optimization. For instance, companies have reported a significant reduction in production time by implementing advanced techniques in CNC milling and CNC turning. Safety protocols are another crucial consideration in the metal fabrication industry. Ensuring weld integrity and adhering to safety standards is essential for both employee safety and product quality. Furthermore, waste management and sustainability have become increasingly important in boardroom discussions. By focusing on these areas, companies can improve their bottom line while reducing their environmental footprint. In the realm of manufacturing processes, casting defects and forging defects continue to pose challenges. Advanced techniques like nondestructive testing and metallographic analysis are employed to ensure weld integrity and maintain production efficiency. Additionally, resistance welding and electrochemical machining are gaining popularity due to their ability to produce high-quality welds with minimal waste. In summary, the market is a dynamic and evolving industry that requires a focus on process optimization, cost optimization, safety, and quality. By implementing advanced techniques and staying abreast of industry trends, companies can maintain a competitive edge and meet the demands of their customers.

Unpacking the Metal Fabrication Market Landscape

In the dynamic realm of metal fabrication, advanced technologies and techniques continue to reshape the industry landscape. Notably, the adoption of fatigue analysis in design for manufacturing has led to a 25% reduction in product failures, enhancing customer satisfaction and brand reputation. Furthermore, the integration of welding automation and robotics in fabrication processes has improved effici

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Aluminum Sheet and Strip (WPU10250105) from Dec 2003 to Sep 2023 about aluminum, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

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.

Copper fell to 5.06 USD/Lbs on October 24, 2025, down 0.17% from the previous day. Over the past month, Copper's price has risen 7.25%, and is up 16.80% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Copper - values, historical data, forecasts and news - updated on October of 2025.

Canada Raw Materials Price Index: Non Ferrous Metals data was reported at 229.700 2002=100 in Oct 2013. This records an increase from the previous number of 227.300 2002=100 for Sep 2013. Canada Raw Materials Price Index: Non Ferrous Metals data is updated monthly, averaging 112.400 2002=100 from Jan 1981 (Median) to Oct 2013, with 394 observations. The data reached an all-time high of 327.500 2002=100 in May 2007 and a record low of 83.900 2002=100 in Nov 1993. Canada Raw Materials Price Index: Non Ferrous Metals data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.I022: Raw Materials Price Index: 2002=100.