During the last quarter of 2024, the stainless steel plate prices in the USA reached 3785 USD/MT in December. As per the stainless steel plate price chart, the availability of nickel and chromium determined market trends, and changes in feedstock costs affected the pricing. Dynamics were also influenced by domestic production levels and international trade regulations. Although steady supply circumstances occasionally helped keep costs under control, mill output changes and industrial demand occasionally caused instability.

Explore IMARC’s newly published report, titled “Stainless Steel Plate Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” offers an in-depth analysis of stainless steel plate pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

Why did the Stainless Steel (Flat) Price Change in May 2025? The Stainless Steel Flat Price Index in North American market declined significantly in the first quarter of 2025, closing at USD 3,389/MT for SS 304 HR Plate (6 x 1250 x 2000) DEL Texas, marking a 7.5% decrease QoQ.

Steel rose to 3,050 CNY/T on July 3, 2025, up 0.66% from the previous day. Over the past month, Steel's price has risen 2.94%, but it is still 10.53% lower 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 July of 2025.

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

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).

Stainless steel prices fell in 2024 due to oversupply and weak demand; 2025 outlook signals further declines amid market saturation.

United States - Producer Price Index by Commodity: Metals and Metal Products: Steel Pipe and Tube, Stainless Steel was 140.87600 Index Dec 2010=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Steel Pipe and Tube, Stainless Steel reached a record high of 169.93400 in May of 2022 and a record low of 88.60000 in September of 2016. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Metals and Metal Products: Steel Pipe and Tube, Stainless Steel - last updated from the United States Federal Reserve on July of 2025.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Stainless and Other Alloy Steel Scrap (WPU101212) from Dec 1986 to May 2025 about steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

China Transaction Price: 36 City Avg: Stainless Steel: 2.0, 304/2B Cold Roll data was reported at 15,097.180 RMB/Ton in Mar 2025. This records a decrease from the previous number of 15,170.080 RMB/Ton for Feb 2025. China Transaction Price: 36 City Avg: Stainless Steel: 2.0, 304/2B Cold Roll data is updated monthly, averaging 16,515.000 RMB/Ton from Dec 2011 (Median) to Mar 2025, with 160 observations. The data reached an all-time high of 22,569.000 RMB/Ton in Jan 2012 and a record low of 13,381.000 RMB/Ton in Dec 2015. China Transaction Price: 36 City Avg: Stainless Steel: 2.0, 304/2B Cold Roll data remains active status in CEIC and is reported by Price Monitoring Center, NDRC. The data is categorized under China Premium Database’s Price – Table CN.PA: Price Monitoring Center, NDRC: 36 City Monthly Avg: Transaction Price: Production Material.

United States - Producer Price Index by Commodity: Metals and Metal Products: Steel Wire, Stainless Steel was 175.30000 Index Dec 2010=100 in July of 2023, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Steel Wire, Stainless Steel reached a record high of 209.58200 in August of 2022 and a record low of 83.80000 in June of 2016. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Metals and Metal Products: Steel Wire, Stainless Steel - last updated from the United States Federal Reserve on July of 2025.

The Wholesale Price Index of semi finished stainless steel across India during financial year 2024 was around 136. The price index of stainless steel increased by about 36 percent from the base financial year of 2012. A huge increase in the index value of the stainless steel was seen in 2022.

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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

Why did the Stainless Steel CR Coil Price Change in May 2025? The Stainless Steel CR Coil Price Index in the North American market increased significantly in the first quarter of 2025, buoyed by robust domestic demand and supply constraints in the global market.

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.

Explore the factors influencing 304L stainless steel pricing, including market demand, material costs, and regional differences. Discover insights on pricing strategies, bulk discounts, and how geopolitical dynamics affect global metal prices.

The stainless steel CR coil prices in the United States for Q3 2024 reached 4800 USD/MT in September. A balance between supply and demand sustained the region's market's price stability. While manufacturing levels improved year over year, they reduced month over month. The market environment became more complex due to supply network problems such growing input costs, customs delays, and shortages, but prices stayed the same.

Flat Rolled Stainless Steel Market Outlook

The global flat rolled stainless steel market size was valued at approximately USD 95 billion in 2023 and is projected to reach about USD 135 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.0% during the forecast period. This significant growth can be attributed to various factors including increasing demand from the automotive and construction industries, coupled with advancements in production technologies and rising investments in infrastructure projects across emerging economies.

One of the key growth factors for the flat rolled stainless steel market is the robust demand from the automotive sector. Stainless steel's properties such as corrosion resistance, strength, and aesthetic appeal make it an ideal material for automotive components. As automotive manufacturers strive to produce lighter, fuel-efficient vehicles without compromising safety, the use of stainless steel is on the rise. Additionally, the burgeoning electric vehicle (EV) market further accentuates the demand for high-quality stainless steel components, given the material's excellent performance in battery and electrical systems.

Another significant driver of the market is the thriving construction industry. Stainless steel's durability and low maintenance requirements make it a preferred choice for structural applications, facades, roofing, and interior design elements. The growing trend of sustainable building practices also favors the use of stainless steel due to its recyclability and minimal environmental impact. As urbanization continues at a rapid pace, particularly in Asia-Pacific and Latin America, the demand for stainless steel in construction is anticipated to witness substantial growth.

Technological advancements in production processes and innovations in stainless steel grades are also contributing to market growth. The development of new alloys and improved rolling techniques enhance the material's performance characteristics, making it suitable for a broader range of applications. Furthermore, advancements in automation and digital manufacturing processes are leading to more efficient production lines, reducing costs and increasing output. These innovations not only improve the quality of flat rolled stainless steel but also enable manufacturers to meet the growing demand more effectively.

From a regional perspective, the Asia-Pacific region is expected to dominate the flat rolled stainless steel market due to its robust industrial base and growing infrastructure investments. North America and Europe are also significant markets owing to the presence of established automotive and construction industries. However, the Middle East & Africa region is anticipated to exhibit the highest growth rate during the forecast period, driven by increasing construction activities and economic diversification efforts in the Gulf countries.

Product Type Analysis

The flat rolled stainless steel market can be segmented by product type into hot rolled and cold rolled stainless steel. Hot rolled stainless steel is produced by heating steel above its recrystallization temperature and then rolling it into flat sheets. This process imparts certain properties such as enhanced ductility and malleability, making hot rolled stainless steel suitable for applications in heavy industries and construction. The primary advantage of hot rolled stainless steel is its cost-effectiveness, as the production process is relatively simple and less expensive compared to cold rolling.

On the other hand, cold rolled stainless steel undergoes a series of rolling processes at or near room temperature, which results in a product with a smoother surface finish, higher strength, and tighter dimensional tolerances. Cold rolled stainless steel is preferred in applications where precision and surface quality are paramount, such as in the manufacturing of consumer goods and automotive components. The demand for cold rolled stainless steel is expected to grow at a faster rate compared to hot rolled stainless steel due to its superior properties and expanding applications.

Market trends indicate a growing preference for high-performance stainless steel grades in both hot rolled and cold rolled segments. Manufacturers are increasingly focusing on developing specialized alloys that offer enhanced resistance to corrosion, wear, and

During the fourth quarter of 2024, the stainless-steel round bar prices in the United States reached 6350 USD/MT in December. The market saw price declines, primarily driven by weak demand amid economic uncertainties. While supply levels remained stable, manufacturing and market availability were not enough to counterbalance the lack of purchasing activity. Seasonality also influenced prices, and logistical disruptions further hindered the market’s recovery.

Explore IMARC’s newly published report, titled “Stainless Steel Round Bar Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” offers an in-depth analysis of stainless steel round bar pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

316 Stainless Steel Market Outlook

The global 316 stainless steel market size was valued at approximately $3.5 billion in 2023 and is projected to reach $5.8 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2032. The growth of this market is primarily driven by increasing demand from various end-user industries, technological advancements, and the exceptional properties of 316 stainless steel that make it suitable for a wide range of applications.

The rising demand in the construction industry is a significant growth factor for the 316 stainless steel market. This material is highly resistant to corrosion, which makes it ideal for construction applications, especially in coastal and industrial environments where high resistance to salt and various chemicals is crucial. The durability and longevity of 316 stainless steel result in lower maintenance costs, enhancing its appeal in the construction sector. Additionally, the ongoing urbanization and infrastructural developments worldwide are further propelling the demand for this high-grade stainless steel.

Another major growth driver is the increasing use of 316 stainless steel in the automotive and aerospace industries. In the automotive sector, the focus on lightweight materials that provide strength and corrosion resistance is crucial for enhancing fuel efficiency and vehicle performance. Similarly, the aerospace industry requires materials that can withstand extreme conditions while maintaining structural integrity. 316 stainless steel meets these requirements, leading to its growing adoption in these applications. The advancements in manufacturing technologies have also made it easier to produce complex components using this material, broadening its application scope.

The medical industry is also contributing significantly to the growth of the 316 stainless steel market. This material is commonly used in medical devices and surgical instruments due to its biocompatibility, resistance to sterilization processes, and ability to withstand harsh cleaning agents. The rising global healthcare expenditure and the growing number of surgical procedures are expected to drive the demand for 316 stainless steel in the medical sector. Furthermore, the increasing trend of medical tourism and the expansion of healthcare facilities in emerging economies are additional factors supporting market growth.

In the realm of interior design and commercial applications, Stainless Steel Shelves are gaining popularity due to their durability and aesthetic appeal. These shelves offer a sleek, modern look while providing robust support for a variety of uses. In kitchens, stainless steel shelves are favored for their resistance to heat and moisture, making them ideal for storing cookware and food items. In retail and industrial settings, they provide a sturdy solution for displaying products or organizing tools and materials. The versatility and low maintenance requirements of stainless steel shelves make them a preferred choice in both residential and commercial environments, aligning with the growing trend towards minimalistic and functional design.

Regionally, Asia Pacific is expected to dominate the 316 stainless steel market during the forecast period. The region's growth can be attributed to rapid industrialization, urbanization, and infrastructural developments in countries like China and India. North America and Europe are also significant markets due to the presence of established automotive, aerospace, and healthcare industries. In contrast, the Middle East and Africa, along with Latin America, are projected to witness moderate growth, driven by development projects and expanding industrial activities.

Product Type Analysis

The 316 stainless steel market is segmented by product type into sheets, plates, bars, tubes, and others. Each of these product types serves distinct applications and has its own set of advantages, driving demand in various industries. Sheets are widely used in the automotive and construction sectors due to their excellent formability, weldability, and corrosion resistance. The increasing demand for lightweight and durable materials in these industries is propelling the growth of the sheets segment.

The plates segment is another crucial product type, extensively used in heavy industries, marine applications, and in the construction of chemical processing equipment. Plates offer high strength, resistance