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.

Brazil Steel: Cost & Expenses data was reported at 101,177,175.000 BRL th in 2017. This records an increase from the previous number of 94,233,086.000 BRL th for 2016. Brazil Steel: Cost & Expenses data is updated yearly, averaging 91,269,907.000 BRL th from Dec 2007 (Median) to 2017, with 11 observations. The data reached an all-time high of 115,278,984.000 BRL th in 2015 and a record low of 59,171,044.000 BRL th in 2007. Brazil Steel: Cost & Expenses data remains active status in CEIC and is reported by Brazilian Institute of Geography and Statistics. The data is categorized under Brazil Premium Database’s Metal and Steel Sector – Table BR.WAI002: Iron and Steel Financial Data: Steel.

Explore the factors influencing the cost of steel per ton in 2023, including market demand, geopolitical conditions, production costs, and material specifications. Understand how industries, trade policies, and raw material prices impact global steel price trends.

Explore the factors influencing the cost of steel plates per pound, including market conditions, material grade, and processing requirements. Understand how global economic conditions and industry demand affect pricing, with carbon steel ranging from $0.30 to $1.00 per pound and stainless steel from $2.00 to $3.00. Stay informed for competitive pricing strategies.

China Steel Making: Cost of Sales: Year to Date data was reported at 516.781 RMB bn in Oct 2015. This records an increase from the previous number of 465.361 RMB bn for Sep 2015. China Steel Making: Cost of Sales: Year to Date data is updated monthly, averaging 364.349 RMB bn from Dec 1998 (Median) to Oct 2015, with 102 observations. The data reached an all-time high of 938.330 RMB bn in Dec 2011 and a record low of 57.319 RMB bn in Feb 2006. China Steel Making: Cost of Sales: Year to Date data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Industrial Sector – Table CN.BHT: Ferrous Metal Smelting and Pressing: Steel Making.

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.

Graph and download economic data for Unit Labor Costs for Manufacturing: Iron and Steel Mills and Ferroalloy Production (NAICS 3311) in the United States (IPUEN3311U101000000) from 1988 to 2024 about ferroalloy, unit labor cost, iron, mills, steel, NAICS, IP, production, manufacturing, and USA.

China Steel: Large & Medium Enterprise: Cost of Sales: Year to Date data was reported at 1,366,618.690 RMB mn in Mar 2022. This records an increase from the previous number of 865,222.120 RMB mn for Feb 2022. China Steel: Large & Medium Enterprise: Cost of Sales: Year to Date data is updated monthly, averaging 1,656,149.780 RMB mn from Dec 2007 (Median) to Mar 2022, with 86 observations. The data reached an all-time high of 6,180,657.350 RMB mn in Dec 2021 and a record low of 131,966.790 RMB mn in Jan 2009. China Steel: Large & Medium Enterprise: Cost of Sales: Year to Date data remains active status in CEIC and is reported by China Iron and Steel Association. The data is categorized under China Premium Database’s Metal and Steel Sector – Table CN.WAH: Steel Industry: Financial Data: Large & Medium Enterprise. contact us

China Steel Industry: Cost of Sales data was reported at 4,411,446.642 RMB mn in 2020. This records an increase from the previous number of 3,772,196.306 RMB mn for 2019. China Steel Industry: Cost of Sales data is updated yearly, averaging 2,008,071.665 RMB mn from Dec 1995 (Median) to 2020, with 26 observations. The data reached an all-time high of 4,411,446.642 RMB mn in 2020 and a record low of 244,975.000 RMB mn in 1996. China Steel Industry: Cost of Sales data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Metal and Steel Sector – Table CN.WAH: Steel Industry: Financial Data.

In 2024, the producer price index (PPI) for iron and steel in Japan stood at *** index points on average, decreasing from ****** points in the previous year. The lowest producer price of iron and steel within the preceding decade was in 2016, with a PPI of ***** points. What determines the price of steel products? Steelmaking requires several raw materials and plenty of energy. Japan has hardly any significant resources to satisfy either demand domestically. Therefore, the country imports iron ore and coking coal, the crucial raw materials needed to produce steel by using blast furnaces. Accordingly, the price depends on the overall energy price and a steady raw material supply – primarily from Australia. For recycling, steel scrap can be added to a certain degree within the conventional process or re-melted in electric arc furnaces. The latter process entails high electricity consumption, making recycled steel of this kind expensive. Carbon-neutral steel: a matter of price Ample carbon emissions are caused by removing excess carbon left from the carbon-based reduction of the iron oxides. Consequently, one strategy is to adjust steel plants to carbon-neutral reducing agents, such as green or blue hydrogen. Carbon capture, usage, and storage (CCUS), still in development, could offset further emissions on top.The trade-off for implementing these measures and using sustainable energy had called for a gradual transition. Ironically, the latest price increases in fossil fuels could spur ecological investments even more than the contested CO2-emission-based premium included in the petroleum and coal tax.

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

Tata Steel reported INR247.04B in Cost of Sales for its fiscal quarter ending in March of 2025. Data for Tata Steel | TATA - Cost Of Sales including historical, tables and charts were last updated by Trading Economics this last June in 2025.

Explore current pricing factors and cost estimates for 1/4-inch steel plates per square foot, considering market demand, location, and additional processing costs as of October 2023. Learn how bulk purchasing and supplier relationships can influence prices.

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.

Graph and download economic data for Capital Costs for Manufacturing: Steel Product Manufacturing from Purchased Steel (NAICS 3312) in the United States (IPUEN3312C021000000) from 1988 to 2021 about cost, purchase, steel, NAICS, capital, IP, production, manufacturing, and USA.

China Steel Industry: Selling and Distribution Cost data was reported at 29,019.480 RMB mn in 2010. This records an increase from the previous number of 22,726.130 RMB mn for 2009. China Steel Industry: Selling and Distribution Cost data is updated yearly, averaging 7,860.300 RMB mn from Dec 1995 (Median) to 2010, with 14 observations. The data reached an all-time high of 29,132.610 RMB mn in 2007 and a record low of 2,558.000 RMB mn in 1995. China Steel Industry: Selling and Distribution Cost data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Metal and Steel Sector – Table CN.WAH: Steel Industry: Financial Data.

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

Explore how various factors like market demand, steel types, geopolitical events, and seasonal fluctuations affect steel costs, with current prices ranging from $0.30 to $1.50 per pound. Stay informed to make better purchasing decisions.

BlueScope Steel reported AUD2.57B in Cost of Sales for its fiscal semester ending in June of 2024. Data for BlueScope Steel | BSL - Cost Of Sales including historical, tables and charts were last updated by Trading Economics this last June in 2025.

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Carbon Steel Market Size 2024-2028

The carbon steel market size is forecast to increase by USD 187.59 billion at a CAGR of 3.58% between 2023 and 2028.

The market is experiencing significant growth, driven primarily by the increasing demand in the construction industry for its durability and cost-effectiveness. This sector's expansion is further fueled by the global shift towards sustainable manufacturing practices, as carbon steel's production process emits less greenhouse gases compared to other steel types. However, the market is not without challenges. Volatile prices of raw materials, such as iron ore and coal, pose a significant threat to market growth. Producers must navigate these price fluctuations to maintain profitability and remain competitive. To capitalize on market opportunities and navigate challenges effectively, companies must focus on operational efficiency, supply chain optimization, and strategic sourcing of raw materials. Additionally, investments in research and development to improve production processes and create value-added products can differentiate market players and provide a competitive edge. Overall, the market presents a compelling growth opportunity for investors and businesses, with the potential for significant returns in the long term.

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

Request Free SampleCarbon steel, a fundamental component in construction and engineering, continues to shape industries with its versatile properties and evolving trends. Steel architecture's growth is driven by stringent safety standards and advanced forming processes, leading to innovative product development. Traceability and certification are crucial in ensuring steel's quality and reliability, while R&D and collaborations propel industry 4.0 and circular economy initiatives. Microstructure analysis and inspection standards play a pivotal role in enhancing steel's performance and sustainability. Simulation, testing methods, and optimization software facilitate efficient manufacturing processes and smart steel applications. Industry associations and partnerships foster knowledge exchange and digitalization, enabling a competitive market landscape. Steel's investment potential lies in its versatility, as it adapts to various engineering applications and welding processes. Sustainability initiatives and quality control measures further strengthen its appeal. Green steel, a promising trend, focuses on reducing carbon emissions and improving overall environmental impact. In the realm of steel manufacturing, collaboration, innovation, and adherence to industry standards are key to staying competitive. The future holds exciting possibilities as steel continues to adapt and evolve, offering endless opportunities for businesses.

How is this Carbon Steel Industry segmented?

The carbon 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-userConstructionShipbuildingAutomotiveTransportationOthersTypeLow carbon steelMedium carbon steelHigh carbon steelProductLong SteelFlat SteelTubular SteelGeographyAPACChinaIndiaJapanEuropeFranceGermanyItalyUKNorth AmericaUSCanadaMiddle East and AfricaEgyptKSAOmanUAESouth AmericaArgentinaBrazil

By End-user Insights

The construction segment is estimated to witness significant growth during the forecast period.Carbon steel plays a pivotal role in various industries, including construction, manufacturing, energy, and transportation. In the construction sector, carbon steel's high strength and ductility make it an ideal choice for constructing high-rise buildings, tech parks, roads, highways, bridges, and other infrastructure projects. The global construction industry is experiencing moderate growth, driven by the increasing demand for residential and commercial buildings worldwide. Heavy equipment and industrial machinery also rely heavily on carbon steel for their manufacturing due to its heat resistance and wear resistance. The energy sector utilizes carbon steel pipes and plates for their high strength-to-weight ratio and corrosion resistance, making them suitable for transporting oil and gas. Steel manufacturers employ various processes such as forming, finishing, optimization, and recycling to produce different grades of carbon steel, including high strength steel, stainless steel, and alloy steel. These grades cater to diverse applications, including automotive, aerospace, and advanced technology industries. Steel suppliers and distributors play a crucial role in the steel supply chain by ensuring timely delivery of steel products to various industries. Steel prices are influenced by several factors, including production costs, demand, and market conditions. Steel research an