Steel rose to 2,962 CNY/T on June 27, 2025, up 0.44% from the previous day. Over the past month, Steel's price has fallen 2.02%, and is down 10.27% 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 June of 2025.

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.

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 June of 2025.

HRC Steel fell to 881.98 USD/T on June 27, 2025, down 0.34% from the previous day. Over the past month, HRC Steel's price has risen 5.63%, and is up 30.86% compared to the same time last year, 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.

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).

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.

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 May of 2025.

Get the latest insights on price movement and trend analysis of Stainless Steel (304) in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

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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

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.

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.

The stainless steel HR coil prices in the United States for Q3 2024 reached 3,260 USD/MT in September. The market showed a stable trend, experiencing only slight price decreases. The steady supply chain and moderate need contributed to this balance. While the automotive industry faced lower sales, construction activity remained steady. The absence of plant shutdowns supported supply consistency, and overall, pricing stayed relatively unchanged during the quarter.

United States - Producer Price Index by Industry: Steel Wire Drawing: Stainless Steel Wire was 242.66800 Index Jun 1982=100 in July of 2023, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Steel Wire Drawing: Stainless Steel Wire reached a record high of 290.12600 in August of 2022 and a record low of 100.00000 in June of 1982. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Steel Wire Drawing: Stainless Steel Wire - last updated from the United States Federal Reserve on June of 2025.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Iron and Steel (WPU101) from Jan 1926 to May 2025 about iron, 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.

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Stainless Steel 400 Series Market Size 2024-2028

The stainless steel 400 series market size is forecast to increase by USD 11.49 billion at a CAGR of 6.67% between 2023 and 2028.

The market is experiencing significant growth due to several key factors. The economic expansion in China and India is driving demand for this type of stainless steel, as it is widely used in various industries In these countries. Additionally, the increased penetration of the stainless steel 400 series in industrial applications, such as chemical processing and power generation, is contributing to market growth. The market is seeing increased demand due to its use in cladding applications, offering a combination of strength, corrosion resistance, and aesthetic appeal for various architectural and industrial projects. However, the market is also facing challenges, including the volatility of raw material prices, which can impact the cost-effectiveness of producing and using the stainless steel 400 series. Producers must carefully manage their supply chains and production costs to remain competitive In the market. Overall, the market is expected to continue growing due to its versatility, durability, and increasing demand from various end-use industries.

What will be the Size of the Stainless Steel 400 Series Market During the Forecast Period?

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The market encompasses a diverse range of corrosion-resistant alloys, primarily composed of iron, chromium, nickel, molybdenum, and other elements. These alloys, including 304 and 316 stainless steels, are renowned for their strength, durability, and resistance to various environmental conditions. The market for Stainless Steel 400 series alloys serves numerous industries, including consumer goods, such as cutlery and kitchen appliances, automotive components, industrial equipment, construction, and architectural applications. Applications span from handrails and drainage systems to roofing and cladding, reflecting the versatility of these materials. The market has experienced steady growth, driven by increasing demand for sustainable and long-lasting materials in various sectors.
Raw material prices, particularly chromium and nickel, have influenced market dynamics, but the overall trend remains positive. As the demand for stainless steel continues to grow, its usage extends beyond traditional industries to emerging sectors like renewable energy and electric vehicles. The market is expected to maintain its momentum, offering significant opportunities for manufacturers and end-users alike.

How is this Stainless Steel 400 Series Industry segmented and which is the largest segment?

The industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

End-user

  Consumer goods
  Mechanical engineering and heavy industries
  Automotive and transportation
  Building and construction
  Others


Product Type

  Plate and sheet
  Bar and tubular
  Structural


Geography

  APAC

    China
    India
    Japan
    South Korea


  Europe



  North America

    US


  Middle East and Africa



  South America

By End-user Insights

The consumer goods segment is estimated to witness significant growth during the forecast period.

The market encompasses a diverse range of materials, primarily composed of iron, chromium, and nickel. These corrosion-resistant alloys are widely used in various industries, including consumer goods, automotive components, industrial equipment, construction, and architectural cladding. The 400 series stainless steels, specifically 304 and 316, offer superior corrosion resistance and are commonly utilized in cookware, kitchen sinks, ornamental items, automotive parts, consumer electronics, and building and construction. The cost-effectiveness, high strength, and durability of the 400 series stainless steels make them an attractive choice for manufacturers. These alloys are fabricated using advanced refining methods, such as vacuum induction melting, electro slag refining, and computational modeling, ensuring consistent alloy compositions.

Molybdenum additions enhance the corrosion resistance of these alloys, making them suitable for demanding applications. The 400 series stainless steels cater to various industries, including automotive and transportation, mechanical engineering, heavy industries, aerospace, and home components. In export-oriented economies, the demand for these alloys is significant due to their versatility and superior performance. The market is expected to grow due to its extensive applications and the increasing demand for high-performance materials.

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The Consumer goods segment was

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Cold Finished Steel Bars and Bar Shapes (WPU101708) from Jun 1982 to May 2025 about finished, steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

Exports of Stainless Steel in Japan increased to 16259.17 JPY Million in February from 14095.89 JPY Million in January of 2024. This dataset includes a chart with historical data for Japan Exports of Stainless Steel.

Turkey Exports of wire of stainless steel to Slovakia was US$999 during 2021, according to the United Nations COMTRADE database on international trade. Turkey Exports of wire of stainless steel to Slovakia - data, historical chart and statistics - was last updated on June of 2025.

United States - Producer Price Index by Commodity: Metals and Metal Products: Cold Rolled Steel Sheet and Strip was 388.21700 Index Jun 1982=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Cold Rolled Steel Sheet and Strip reached a record high of 711.61100 in November of 2021 and a record low of 99.40000 in January of 1983. 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: Cold Rolled Steel Sheet and Strip - last updated from the United States Federal Reserve on June of 2025.