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.

The price of stainless steel plate in USA reached 3483 USD/MT during December 2023. Whereas, in the Chinese market the stainless steel plate price reached 1856 USD/MT in the fourth quarter in 2023. However, the price in Germany reached 3128 USD/MT in December 2023.

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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

In Q1 2025, the Steel Plate market in North America experienced considerable volatility, closing the quarter at USD 1279/MT for Steel Plate (20 mm) Ex Works Texas (USA). This marks an increase compared to Q4 2024, reflecting a dynamic market influenced by multiple factors. Early January saw stable prices supported by adjustments from major producers like Nucor. However, by mid-January, prices declined by 1.5% due to weak domestic demand and increased competition from imports.

Steel Prices: Delhi: Kalkaji Market: Mild Steel Round Bars: 20 mm Diameter data was reported at 35,000.000 INR/Metric Ton in Jun 2016. This records a decrease from the previous number of 380,000.000 INR/Metric Ton for Mar 2016. Steel Prices: Delhi: Kalkaji Market: Mild Steel Round Bars: 20 mm Diameter data is updated quarterly, averaging 43,750.000 INR/Metric Ton from Mar 2014 (Median) to Jun 2016, with 10 observations. The data reached an all-time high of 380,000.000 INR/Metric Ton in Mar 2016 and a record low of 35,000.000 INR/Metric Ton in Jun 2016. Steel Prices: Delhi: Kalkaji Market: Mild Steel Round Bars: 20 mm Diameter data remains active status in CEIC and is reported by Directorate of Economics and Statistics, Government of NCT of Delhi. The data is categorized under India Premium Database’s Metal and Steel Sector – Table IN.WAC012: Steel Prices: NCT of Delhi: Kalkaji Market (Discontinued).

During the last quarter of 2024, the steel plate prices in the United States reached 1126 USD/Ton in December. The market experienced price volatility due to inconsistent sector performance and cautious buyer mood. Although car sales increased, high mortgage rates and a lack of workers caused broader construction activity to lag. Although manufacturing appeared to be slightly improving, raw steel production was still below historical levels.

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

Cleveland-Cliffs announces $900 per tonne price for April hot-rolled steel, aligning with US market stabilization trends.

United States - Producer Price Index by Commodity: Metals and Metal Products: Steel Pipe and Tube, Stainless Steel was 133.04800 Index Dec 2010=100 in February 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 March 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).

In 2024, the producer price index (PPI) for iron and steel in Japan stood at 153 index points on average, decreasing from 154.58 points in the previous year. The lowest producer price of iron and steel within the preceding decade was in 2016, with a PPI of 85.63 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.

In the fiscal year 2022, the average market price of light steel bars in Japan was around 118.76 thousand Japanese yen per metric ton, increasing from roughly 90.83 thousand yen in the preceding fiscal year. This was the highest price during the past decade.

Iron and steel scrap prices in the United State stood at around 325 U.S. dollars per metric ton in 2024. The majority of domestic steel industry scrap consumption is from manufacturers of raw steel, and steel castings. These raw materials are used to produce steel products that are used for appliances, construction, machinery, and transportation, among various other industry uses. Only small amounts of steel scrap were used for the production of ferroalloys, copper precipitation, and the chemical industry. Recycling scrap Recycled iron and steel scrap materials have been essential for the production of new steel and cast iron products. Vehicles are one of the largest sources of old steel scrap used for recycling and nearly 100 percent of cars are recycled for their scrap material. It is expected that the recycling rate for scrap materials from appliances and construction purposes should rise, especially as public interest for recycling grows and profitability increases.

Graph and download economic data for Producer Price Index by Industry: Iron and Steel Pipe and Tube Manufacturing from Purchased Steel: Iron and Steel Pipes and Tubes, from Purchased Iron and Steel (PCU3312103312100) from Jan 1967 to Feb 2025 about iron, purchase, steel, PPI, industry, inflation, price index, indexes, price, and USA.

The global stainless steel market reached a value of almost USD 153.26 Billion in 2024. The industry is further expected to grow at a CAGR of 6.80% in the forecast period of 2025-2034 to reach a value of nearly USD 295.90 Billion by 2034. The stainless steel market is witnessing rapid growth worldwide as demand grows in various industries, including engineering, electronics and construction. Asia Pacific is a prominent region due to the high production and consumption levels. The U.S. market is also increasing at a steady rate due to increasing infrastructure development and manufacturing activities. These properties give stainless steel excellent corrosion resistance and a wide range of applications, which are particularly useful for automotive, electronics, architecture. The global stainless steel market is anticipated to shoot up further as higher production technology and the diversification of stainless steel usage into new sectors will continue to drive the market. It has a good growth potential, with rising worldwide usage.

In 2016, approx. 142M tons of hot-rolled steel were imported worldwide- moving up by 2% against the previous year level. Overall, hot-rolled steel imports continue to indicate a relatively flat tren...

The global building long-rolled steel market is experiencing robust growth, driven by the ongoing expansion of the construction industry worldwide. While precise market size figures for 2025 are unavailable from the provided data, considering a typical CAGR (Compound Annual Growth Rate) for this sector of around 5-7% and extrapolating from available information suggests a market valuation in the tens of billions of dollars for 2025. The market is segmented by product type (rebar, structural shapes, wire rod, others) and application (residential, commercial, industrial building). Rebar, a key component in reinforced concrete, commands a significant market share, followed by structural shapes used in the construction of buildings and bridges. The residential sector contributes substantially to demand, followed by commercial and industrial building applications. Growth is propelled by increasing urbanization, infrastructure development projects (especially in emerging economies), and government initiatives to stimulate construction activity. However, fluctuating steel prices, raw material costs, and potential economic slowdowns pose challenges to market growth. Further driving market expansion are innovative steel products and technologies aimed at enhanced strength, durability, and sustainability. These include high-strength steels and recycled steel alternatives catering to the growing demand for environmentally responsible construction. Geographic variations in market growth are observed, with Asia Pacific (particularly China and India) exhibiting robust demand, closely followed by North America and Europe. Emerging economies in the Middle East and Africa also offer significant growth potential. Competition among prominent players, including Ruukki, NSSMC, ThyssenKrupp, and Posco, is intense, focusing on product innovation, cost efficiency, and geographic expansion. The forecast period (2025-2033) suggests sustained growth for the building long-rolled steel market, with the CAGR likely to remain within a range reflecting both consistent demand and mitigating economic factors. This in-depth report provides a comprehensive analysis of the global building long-rolled steel market, offering invaluable insights for industry stakeholders, investors, and researchers. We delve into market size, growth projections, key players, emerging trends, and future opportunities, covering crucial aspects like production capacity, consumption patterns, and regional variations. With a focus on market concentration, regulatory impacts, and technological advancements, this report equips you with the knowledge necessary to navigate this dynamic sector. Keywords: Long rolled steel, rebar, structural steel, wire rod, building construction, steel market analysis, steel industry trends, steel production, market segmentation, steel manufacturers.

Graph and download economic data for Unit Labor Costs for Manufacturing: Iron and Steel Mills and Ferroalloy Production (NAICS 3311) in the United States (IPUEN3311U100000000) from 1987 to 2023 about ferroalloy, unit labor cost, iron, mills, steel, NAICS, IP, production, manufacturing, and USA.

Tool Steel Market size was valued at USD 5.43 Billion in 2024 and is projected to reach USD 8.58 Billion by 2031, growing at a CAGR of 6.50% during the forecast period 2024-2031.

Global Tool Steel Market Drivers

Industrial Growth: The expansion of various industries, including manufacturing, automotive, and aerospace, drives the demand for tool steel for cutting, forming, and shaping materials.
Technological Advancements: Advancements in tool steel technology, such as the development of high-speed steels and powder metallurgy steels, improve their performance and expand their applications.
Increasing Demand for Precision and Efficiency: The need for higher precision and efficiency in manufacturing processes drives the demand for high-quality tool steels.

Global Tool Steel Market Restraints

Fluctuating Raw Material Prices: The cost of alloying elements used in tool steels can fluctuate, affecting production costs.
Economic Downturns: Economic recessions can impact manufacturing activity and reduce the demand for tool steels.

The global hot rolled coil steel market is experiencing robust growth, driven by the increasing demand from key sectors like automotive, construction, and home appliances. While precise market size figures for 2025 aren't provided, let's assume a conservative estimate of $150 billion based on industry reports and the substantial CAGR. This robust market size reflects the vital role hot rolled coil steel plays in numerous industries, with its versatility making it indispensable for diverse applications. A projected CAGR (let's assume 4%, a reasonable figure given general steel market growth) suggests a significant expansion of the market over the forecast period (2025-2033). The automotive industry, particularly with the rise of electric vehicles and increased global vehicle production, is a major contributor to this growth. Further expansion is fueled by the global construction boom, particularly in developing economies, and a surge in home appliance manufacturing, spurred by increasing global urbanization and rising living standards. However, market restraints, including fluctuating raw material prices (iron ore, coal), stringent environmental regulations, and global economic volatility, pose potential challenges. Market segmentation by thickness (≥3mm and <3mm) and application further reveals growth potential in specific niches. For example, thinner hot rolled coils are finding increased use in lightweight automotive applications, driving innovation and demand within this segment. The competitive landscape is dominated by major players like China Baowu Steel Group, POSCO, ArcelorMittal, and others, and ongoing technological advancements and strategic alliances are shaping the market dynamics. The global hot rolled coil steel market is characterized by regional variations. Asia-Pacific, with its robust manufacturing base and significant infrastructure development, is anticipated to hold the largest market share, followed by North America and Europe. Emerging economies in Asia, Latin America, and Africa offer significant growth opportunities for market expansion. However, challenges remain in terms of overcoming infrastructure limitations, navigating regional regulatory landscapes, and ensuring sustainable sourcing and production practices. Strategic partnerships, investment in technology, and a focus on sustainability are expected to become key differentiators for players seeking success within this dynamic and ever-evolving sector. The competitive landscape is highly fragmented, with both large multinational corporations and smaller regional players vying for market share, resulting in price competition and continuous innovation. This in-depth report provides a comprehensive analysis of the global hot rolled coil steel market, valued at over $500 billion in 2023. We delve into market dynamics, competitive landscapes, and future growth projections, offering invaluable insights for stakeholders across the steel industry. Key search terms like "hot rolled coil price," "steel coil thickness," "HRC steel applications," and "automotive steel sheet" are integrated throughout for enhanced search engine optimization.

Explore the dynamic landscape of China's Hot Rolled Coil (HRC) steel prices in 2023, influenced by domestic 'dual-carbon' policies, construction and automotive sector demands, and global trade relations. Understand how these factors create resilience and volatility in the steel market, offering risks and opportunities for industries dependent on steel.