Steel rose to 3,117 CNY/T on December 2, 2025, up 0.23% from the previous day. Over the past month, Steel's price has risen 1.30%, but it is still 7.09% 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 December of 2025.

Russia Avg Consumer Price: Metal Ware: Utensils Set: Stainless Steel data was reported at 284.660 RUB in Jan 2019. This records an increase from the previous number of 279.450 RUB for Dec 2018. Russia Avg Consumer Price: Metal Ware: Utensils Set: Stainless Steel data is updated monthly, averaging 132.160 RUB from Jan 1997 (Median) to Jan 2019, with 265 observations. The data reached an all-time high of 284.660 RUB in Jan 2019 and a record low of 20.710 RUB in Jul 1997. Russia Avg Consumer Price: Metal Ware: Utensils Set: Stainless Steel data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Prices – Table RU.PA008: Average Consumer Price: Furniture and Ware.

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

The Sri Lankan hot-rolled round stainless steel market skyrocketed to $141K in 2024, jumping by 16% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption posted a resilient expansion. Hot-rolled round stainless steel consumption peaked at $226K in 2018; however, from 2019 to 2024, consumption remained at a lower figure.

After three years of growth, the Bangladeshi hot-rolled round stainless steel market decreased by -3.8% to $1.1M in 2024. In general, consumption, however, recorded a significant expansion. Over the period under review, the market hit record highs at $1.7M in 2017; however, from 2018 to 2024, consumption stood at a somewhat lower figure.

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Iron and Steel Market Size 2024-2028

The iron and steel market size is forecast to increase by USD 478.1 billion, at a CAGR of 5.65% between 2023 and 2028.

The market is experiencing significant growth, driven by the increasing consumption of high-strength stainless steel. This trend is fueled by the expanding infrastructure sector, particularly in emerging economies, and the growing demand for stainless steel in various end-use industries such as construction, automotive, and packaging. Furthermore, the rising popularity of stainless steel scrap as a cost-effective alternative to primary steel production is contributing to market expansion. However, the market faces challenges as well. Carbon fiber is increasingly gaining traction in the automotive industry, posing a threat to the demand for steel and stainless steel.
This shift is due to the lightweight and high-strength properties of carbon fiber, making it an attractive alternative for manufacturers seeking to reduce vehicle weight and improve fuel efficiency. Companies in the iron and steel industry must adapt to this trend by focusing on innovation and developing new applications for steel and stainless steel that offer superior performance or cost advantages over carbon fiber. Additionally, ensuring sustainable production methods and addressing environmental concerns will be crucial in maintaining market competitiveness and addressing regulatory pressures.

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

Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The market continues to evolve, driven by advancements in steel production technologies and the diverse applications of various steel types across numerous sectors. High-strength low-alloy steel, for instance, is increasingly sought after for its enhanced yield strength and hardness, making it suitable for use in automotive and construction industries. Impact testing and hardness testing are crucial in ensuring the quality and durability of these high-performance steels. Stainless steel, with its excellent corrosion resistance, is another key player in the market. The production of stainless steel involves processes such as pig iron production, coke making, and sintering, followed by electric arc furnace melting and continuous casting.

The industry anticipates a steady growth of around 4% annually, fueled by increasing demand from sectors like aerospace and healthcare. An example of this market's continuous dynamism can be seen in the implementation of advanced high-strength steel in the automotive industry. A major automaker reported a 15% increase in fuel efficiency by using this steel in vehicle production. The steel's superior properties, such as increased tensile strength and fatigue resistance, contribute to the overall improvement in vehicle performance and sustainability. Quality control systems, steel scrap recycling, and steel microstructure analysis are essential components of the steel manufacturing process.

They ensure the consistent production of steel grades that meet specific customer requirements. The integration of coating lines and galvanizing lines further enhances the versatility of steel products. Alloy steel and carbon steel undergo various processes, including blast furnace operation, basic oxygen furnace, hot rolling mill, and cold rolling mill, to achieve their desired properties. Heat treatment and pickling line processes further refine these steels for specific applications. The ongoing innovation in steelmaking technologies, such as secondary steelmaking and yield optimization techniques, continues to shape the market landscape.

How is this Iron and Steel Industry segmented?

The iron and steel 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

  Construction
  Machinery
  Transportation
  Metal goods
  Others


Type

  Steel
  Iron


Geography

  North America

    US


  Europe

    Russia


  APAC

    China
    India
    Japan


  Rest of World (ROW)

By End-user Insights

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

The market is a critical sector in the construction industry, supplying essential components for structural integrity, durability, and versatility. High-strength low-alloy steel, for instance, undergoes impact testing and hardness testing to ensure its robustness in various applications. Stainless steel, another key player, offers corrosion resistance and is extensively used in galvanizing lines and coating lines. Pig iron production and coke making are fundamental processes in steelmaking, wh

HRC Steel fell to 891.06 USD/T on December 2, 2025, down 0.88% from the previous day. Over the past month, HRC Steel's price has risen 5.08%, and is up 29.14% 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.

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.

India Consumer Price Index (CPI): Miscellaneous: Stainless Steel Utensils data was reported at 155.200 2012=100 in Oct 2018. This records an increase from the previous number of 151.600 2012=100 for Sep 2018. India Consumer Price Index (CPI): Miscellaneous: Stainless Steel Utensils data is updated monthly, averaging 129.000 2012=100 from Jan 2014 (Median) to Oct 2018, with 58 observations. The data reached an all-time high of 155.200 2012=100 in Oct 2018 and a record low of 114.400 2012=100 in Jan 2014. India Consumer Price Index (CPI): Miscellaneous: Stainless Steel Utensils data remains active status in CEIC and is reported by Central Statistics Office. The data is categorized under India Premium Database’s Inflation – Table IN.IA017: Consumer Price Index: 2012=100: Miscellaneous.

In value terms, stainless steel wire imports totaled $1.9B in 2016. In general, stainless steel wire imports continue to indicate a moderate setback. Global stainless steel wire import peaked of $2.5B...

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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 value

Exports of Ferrous waste and scrap; of stainless steel in Austria 2007-2018: Exports, Exports By Country, Export Prices By Country

Russia Avg Consumer Price: Construction Materials: Sink of Stainless Steel data was reported at 2,221.700 RUB in Jan 2019. This records a decrease from the previous number of 2,288.370 RUB for Dec 2018. Russia Avg Consumer Price: Construction Materials: Sink of Stainless Steel data is updated monthly, averaging 1,650.490 RUB from Jan 2004 (Median) to Jan 2019, with 181 observations. The data reached an all-time high of 2,312.620 RUB in Dec 2016 and a record low of 1,111.490 RUB in Jan 2004. Russia Avg Consumer Price: Construction Materials: Sink of Stainless Steel data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Prices – Table RU.PA013: Average Consumer Price: Construction Materials.

2018 Global import shipment records of Stainless Steel Investment Casting with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

Exports of Stainless Steel Household Articles in Asia 2007-2018: Exports, Exports By Country, Export Prices By Country

India Retail Price Index: Industrial Workers: 2001p: Others: Untensil Stainless Steel data was reported at 247.760 2001=100 in Oct 2018. This records an increase from the previous number of 246.270 2001=100 for Sep 2018. India Retail Price Index: Industrial Workers: 2001p: Others: Untensil Stainless Steel data is updated monthly, averaging 193.320 2001=100 from Jan 2006 (Median) to Oct 2018, with 154 observations. The data reached an all-time high of 247.760 2001=100 in Oct 2018 and a record low of 112.350 2001=100 in Jan 2006. India Retail Price Index: Industrial Workers: 2001p: Others: Untensil Stainless Steel data remains active status in CEIC and is reported by Labour Bureau Government of India. The data is categorized under India Premium Database’s Inflation – Table IN.IG016: Retail Price Index: Industrial Workers: 2001=100: Miscellaneous: Others.

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Stainless Steel Wire Rods Market Size 2024-2028

The stainless steel wire rods market size is forecast to increase by USD 1.66 billion at a CAGR of 4.15% between 2023 and 2028.

The market is experiencing significant growth due to the increasing demand from the construction industry. This sector's expansion is primarily driven by the rising infrastructure development and urbanization in various regions. Moreover, strategic alliances and partnerships among steel manufacturers are contributing to the market's growth by enhancing their production capabilities and expanding their customer base. However, the market faces challenges due to the fluctuation in prices of raw materials, particularly nickel and chromium, which are essential components of stainless steel. These price fluctuations can impact the profitability of manufacturers and, in turn, affect the market's growth trajectory. Overall, the market for stainless steel wire rods is expected to witness steady growth In the coming years, with the construction industry being a key driver and strategic collaborations among manufacturers playing a crucial role in market development.

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

Request Free SampleThe market encompasses the production and distribution of long, continuous lengths of chromium-containing steel wires. These wires, renowned for their corrosion resistance, exhibit impressive tensile strength and a favorable strength-to-weight ratio. The market caters to diverse industries, including construction, mining, marine, oil & gas, aviation, medical, paper mills, and household applications. Stainless steel wire rods are integral to problem-solving in manufacturing processes, offering superior performance and reliability. Exporting is a significant facet of the market, with integrated facilities producing ultra-fine wires for biocompatibility in medical applications and robust wires for weight capacities in heavy industries. The market's size is substantial, with continuous growth driven by the versatility and reliability of stainless steel wire rods in various sectors.Key trends include increasing demand for lightweight materials, biocompatibility, and high-performance wires with enhanced durability.

How is this Stainless Steel Wire Rods Industry segmented and which is the largest segment?

The stainless steel wire rods industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. ApplicationSteel wireSteel fastenersSteel bright barsOthersProduct8 mm10 mm6 mmOthersGeographyAPACChinaIndiaJapanSouth KoreaEuropeNorth AmericaUSMiddle East and AfricaSouth America

By Application Insights

The steel wire segment is estimated to witness significant growth during the forecast period. Steel wire, derived from high-carbon and low-carbon steel, is a versatile material used extensively in various industries, including construction, manufacturing, automotive, and agriculture. The rising demand for steel wire is attributed to its superior strength, durability, and corrosion resistance. In construction, steel wire is employed as reinforcement for concrete structures, and in suspension bridges, it is utilized for ropes due to its high tensile strength. Furthermore, steel wires find extensive applications in industries like mining, marine, oil & gas, aviation, medical, paper mills, and household applications. The lightweight yet robust nature of steel wires makes them suitable for use in construction projects, such as vibration dampening in marine applications and support cables in suspension bridges.Steel wires' reliability and problem-solving capabilities are evident In their use as mooring cables, scaffolding systems, anchoring buildings, hoisting equipment, and load-carrying cables. The strength-to-weight ratio, biocompatibility, and durability of steel wires make them a preferred choice for numerous applications, offering cost savings and enhanced performance.

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The Steel wire segment was valued at USD 3.43 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 66% to 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.

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The market is driven by the expansion of end-user industries, particularly In the Asia Pacific (APAC) region. Countries like China, Japan, and India are key contributors due to their growing automotive and construction sectors. For instance, India's National Smart Cities Mission aims

Exports of Ferrous waste and scrap; of stainless steel in Asia 2007-2018: Exports, Exports By Country, Export Prices By Country

United States PPI: Metals: IS: Iron & Steel Scrap: Stainless & Alloy Steel Scrap data was reported at 495.100 Dec1986=100 in Jun 2018. This records an increase from the previous number of 449.800 Dec1986=100 for May 2018. United States PPI: Metals: IS: Iron & Steel Scrap: Stainless & Alloy Steel Scrap data is updated monthly, averaging 335.400 Dec1986=100 from Dec 1986 (Median) to Jun 2018, with 257 observations. The data reached an all-time high of 803.700 Dec1986=100 in Mar 2011 and a record low of 100.000 Dec1986=100 in Dec 1986. United States PPI: Metals: IS: Iron & Steel Scrap: Stainless & Alloy Steel Scrap data remains active status in CEIC and is reported by Bureau of Labor Statistics. The data is categorized under Global Database’s USA – Table US.I017: Producer Price Index: By Commodities.

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Advanced High Strength Steel Market Size 2024-2028

The advanced high strength steel market size is forecast to increase by USD 16.18 billion at a CAGR of 12.09% between 2023 and 2028. The market is experiencing significant growth, driven primarily by the increasing demand for AHSS in the automotive production sector. According to the International Trade Administration, prominent automakers are investing heavily in greenfield projects to expand their production capacity of AHSS. Mechanical properties such as high strength, formability, and lightweight characteristics make AHSS an ideal choice for automotive manufacturers to reduce vehicle weight and improve fuel efficiency. However, the market faces challenges due to the volatile prices of raw materials, particularly iron ore, which can impact the profitability of AHSS producers. The wind energy sector is another emerging application area for AHSS, offering potential growth opportunities. Despite these challenges, the market is expected to continue its upward trajectory, driven by the growing demand for lightweight and fuel-efficient vehicles.

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Advanced High-Strength Steels (AHSS) have gained significant attention in various industries due to their superior mechanical properties and weight-reduction capabilities. These steels offer enhanced yield strength and tensile strength, making them ideal for use in lightweight structures, such as rail coach building and automotive parts. The environmental benefits of AHSS are noteworthy, as they contribute to reducing carbon emissions during production and use. Green field investments in advanced high strength steels (AHSS) are crucial for meeting the increasing demand from electric and hybrid vehicles, as companies like Continental Automotive focus on developing third generation steel and aluminum with superior ductility properties and minimum tensile strength. Understanding the nomenclature consideration considerations and each grade's minimum yield strength is essential for ensuring compliance with AHSS specifications and identifying investment pockets in the market. In the construction sector, AHSS is used in active structures, solar heating systems, and roofing systems, leading to energy savings and reduced environmental impact. The steel industry has seen a shift towards third-generation steels, which offer improved mechanical properties and reduced weight.

Furthermore, raw materials, including iron ore prices, play a crucial role in the production of High strength low alloy steels . Regulations governing steel industry emissions continue to evolve, further driving the demand for lightweight and strong AHSS. AHSS grades are used extensively in the automotive industry for manufacturing lightweight components, leading to fuel efficiency and reduced carbon emissions. In the maritime sector, vessel manufacturers use AHSS for building lightweight and strong vessels, ensuring safety and efficiency. Solar panels and other renewable energy systems also benefit from the use of AHSS, as they require lightweight yet strong materials for their construction. Overall, the market for advanced high-strength steels is expected to grow significantly due to their environmental benefits, improved mechanical properties, and weight reduction capabilities.

Market Segmentation

The market 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.

Grade Type

  Dual phase
  Complex phase
  Transformation-induced plasticity
  Others


End-user

  Automobile
  Construction
  Aviation and marine
  Others


Geography

  APAC

    China
    India
    Japan


  North America

    US


  Europe

    Germany


  South America



  Middle East and Africa

By Grade Type Insights

The dual phase segment is estimated to witness significant growth during the forecast period. It is a class of materials that includes dual-phase (DP steels). Low- to medium-carbon having between 5% and 50% volume fractional martensitic islands that are scattered across a soft ferrite matrix is known as ferrite-martensite dual-phase. There may also be bainite and retained austenite components in addition to martensite; these are typically formed when greater edge stretch formability is sought. Dual-phase has a wide range of strength and ductility due to these changes in microstructure. It is well known to have a high energy absorption capacity. These features make it extremely desirable for automotive applications, especially when combined with a cheap production cost.

Furthermore, It has a high-strain redistribution capacity due to its high-strain hardenability. This translates to better drivability and mechanical qualities (yield strengths) of the completed item that are higher than the blank.