Steel rose to 3,228 CNY/T on July 24, 2025, up 0.62% from the previous day. Over the past month, Steel's price has risen 9.54%, and is up 2.93% 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 July of 2025.

In 2023, the price of fabricated structural steel in the United Kingdom has fallen by over ** percent. That came after the cost of that building material soared between 2020 and 2022. Most of that price increase happened in 2021, with a growth rate of **** percent that year. Structural steel is widely used for construction because it is durable, malleable, and strong, while also being cheaper than many other metals. For example, it is often used as a structural material for skyscrapers and other buildings, as well as for infrastructure. Why has the price of steel increased? Those price increases seen until 2022 have not just affected the UK, but many other countries around the world. For example, the cost of fabricated structural metal in the U.S. and that of structural steel and other steel products in Germany reached their highest growth rate in 2022. Supply chain disruptions along with a decrease in the global production of crude steel in 2020 were some of the main reasons for those price hikes in 2021. In addition to that, the price of iron ore, which is the main component of steel, and energy also had a strong impact on the final price of steel products those years. Largest steel producers In the past couple of years, China was by far the largest steel producer in the world, with a production volume that was well over ***** times higher than that of the second country in the ranking: India. Although the United States was also on that list along with Japan and Russia, it was not among the leading exporters of steel. The reason for that discrepancy is that a big share of the production in countries of the size of the U.S., China, and India goes to fill their own domestic needs. Meanwhile, **** of the ** companies with the highest output of steel came from China, with the rest coming from Luxembourg, Japan, South Korea, India, and the U.S.

HRC Steel fell to 872.95 USD/T on July 24, 2025, down 0.12% from the previous day. Over the past month, HRC Steel's price has fallen 1.81%, but it is still 31.47% 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.

In the fourth quarter of 2023, the price of the flat steel in the USA reached 3479 USD/MT by December. Similarly, in China, the flat steel prices hit 1858 USD/MT in the same month. The Germany also saw flat steel prices reaching 3125 USD/MT during Q4 2023.

Explore IMARC’s newly published report, titled “Flat Steel Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of flat steel pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

After demand for steel dropped during the arrival of the COVID-19 pandemic in 2019, steel prices also took a hit. However, in 2021, hot-rolled coil (HRC) steel prices were projected to rebound to around *** U.S. dollars per metric ton—a ** percent recovery from the dip in prices that had continued into 2020. The U.S. market by the end of 2021 The United States is among the markets where hot-rolled coil (HRC) steel prices are the highest in the world. It was expected that U.S. steel distributors and producers, such as Nucor and United States Steel, would benefit from the steel tariffs on U.S. imports that came into effect in the spring of 2018. At the same time, U.S. imports from the countries subjected to the so-called Section 232 tariffs were projected to decline. By the end of 2021, Canada was the main country of origin for the U.S.’s imports for consumption of steel products. Impact on the Chinese market Even though a large part of China's steel exports to the United States had already been restricted through antidumping or countervailing duties, trade tensions put pressure on steel markets worldwide, including China. Chinese steel product imports amounted to ***** million U.S. dollars, making it the ninth country of origin for steel products in the United States. Overall, rolled steel was the seventh largest category of Chinese export goods in 2021, amounting to almost *** billion yuan (approximately ** billion U.S. dollars). This comes after China's steel sector had a drop in sales to its domestic auto sector in early 2019.

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

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: Carbon Steel Castings, Except Investment (WPU10150701) from Dec 2003 to May 2025 about steel, investment, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

This statistic shows the monthly prices of U.S. flat rolled steel throughout 2018, with a breakdown by main product type. Flat rolled steel is often used in pipe work, boilers, and construction. Plate steel, which is a relatively thick product and used in shipbuilding, cost *** U.S. dollars per short ton at the start of 2018 in January.

The electrical steel prices in the United States for Q3 2024 reached 5895 USD/MT in September. The prices of electrical steel in the country exhibited a sustained upward trajectory throughout Q3, reflecting a favorable market environment. Year-over-year price growth highlighted this positive momentum, with prices increasing in the second half of Q3 in comparison to the first.

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

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.

The Electrical Steel market in North America experienced modest stability in Q1 2025, characterized by a quarter-ending price of USD 5,710/MT for Electrical Steel (M15-C5) Coil delivered to Tijuana, USA. This price remained stable compared to Q4 2024, where fluctuations were more pronounced due to shifting demand dynamics and supply chain adjustments. During the previous quarter, prices ranged widely as the market reacted to various influences, including heightened demand from the growing electric vehicle and renewable energy sectors.

This statistic represents the US iron and steel import price index between 2006 and 2017. In 2017, this price index stood at ***, compared with 100 in 2005. 2005 was chosen as the base year (2005=100).

From May to August 2018, rebar products cost *** U.S. dollars per short ton. Rebar, which is short for reinforcing bar, is used to reinforce concrete or other aspects of masonry in order to provide tensile strength to large structures.

Why did the Steel Plate Price Change in May 2025? The Steel Plate Price Index in North American market inclined during Q1 2025, with prices settling at USD 1279/MT Ex Works Texas (USA) for 20 mm Steel Plate, reflecting an overall increase in comparison to Q4 2024.

China Transaction Price: 36 City Avg: Stainless Steel: 1.0, 304/2B Cold Roll data was reported at 15,228.470 RMB/Ton in Mar 2025. This records a decrease from the previous number of 15,275.970 RMB/Ton for Feb 2025. China Transaction Price: 36 City Avg: Stainless Steel: 1.0, 304/2B Cold Roll data is updated monthly, averaging 17,539.700 RMB/Ton from Apr 2008 (Median) to Mar 2025, with 204 observations. The data reached an all-time high of 33,048.000 RMB/Ton in May 2008 and a record low of 13,029.000 RMB/Ton in Feb 2016. China Transaction Price: 36 City Avg: Stainless Steel: 1.0, 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: Transaction Price: Production Material: Steel.

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

Explore the factors influencing recent fluctuations in steel prices, including global supply and demand dynamics, raw material costs, geopolitical events, and energy expenses. Understand how major producers like China impact the market and the effects of post-pandemic recovery on price volatility.

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