Steel fell to 3,067 CNY/T on August 29, 2025, down 1.38% from the previous day. Over the past month, Steel's price has fallen 4.99%, and is down 2.23% 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 August of 2025.

HRC Steel fell to 793 USD/T on August 29, 2025, down 2.10% from the previous day. Over the past month, HRC Steel's price has fallen 7.79%, but it is still 11.06% 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.

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).

Steel Prices: Delhi: Kalkaji Market: Girders: 125x75 mm data was reported at 35,000.000 INR/Metric Ton in Jun 2016. This records a decrease from the previous number of 38,000.000 INR/Metric Ton for Mar 2016. Steel Prices: Delhi: Kalkaji Market: Girders: 125x75 mm data is updated quarterly, averaging 43,000.000 INR/Metric Ton from Mar 2014 (Median) to Jun 2016, with 10 observations. The data reached an all-time high of 48,000.000 INR/Metric Ton in Dec 2014 and a record low of 35,000.000 INR/Metric Ton in Jun 2016. Steel Prices: Delhi: Kalkaji Market: Girders: 125x75 mm 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).

Graph and download economic data for Producer Price Index by Industry: Steel Product Manufacturing from Purchased Steel (PCU33123312) from Dec 2003 to Jul 2025 about purchase, steel, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

Steel Prices: Delhi: Kalkaji Market: Mild Steel Flat Iron: Others data was reported at 47,000.000 INR/Metric Ton in Dec 2014. This stayed constant from the previous number of 47,000.000 INR/Metric Ton for Sep 2014. Steel Prices: Delhi: Kalkaji Market: Mild Steel Flat Iron: Others data is updated quarterly, averaging 47,000.000 INR/Metric Ton from Sep 2014 (Median) to Dec 2014, with 2 observations. The data reached an all-time high of 47,000.000 INR/Metric Ton in Dec 2014 and a record low of 47,000.000 INR/Metric Ton in Dec 2014. Steel Prices: Delhi: Kalkaji Market: Mild Steel Flat Iron: Others 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).

The global steel market size attained a volume of around 1738.39 MMT in 2024. The market is projected to grow at a CAGR of 2.24% between 2025 and 2034 to reach a volume of nearly 2169.48 MMT by 2034. The growing demand in the steel market is due to the increasing infrastructure investments and expanding sectors including automotive and construction. Rising urbanization needs and an increasing need for durable materials in urban development projects have motivated the growth to a great extent. Since the automotive industry requires high-quality steel products to manufacture vehicles, it plays a significant role in steady growth. Steel usage for the production of components that are quantitatively effective is expected to be driven by the renewable energy sectors, particularly the wind and solar energy industries. The steel sector is set to grow as global infrastructure investment rises, with a particular emphasis on developing high-performance materials in line with environmental pledges.

Why did the Steel Plate Price Change in July 2025? The Steel Plate Price Index in the USA increased by 3.2% quarter-over-quarter in Q2 2025. The rise was driven by supply tightening following reduced mill output and a modest recovery in end-user demand from construction and machinery segments.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Carbon Steel Scrap (WPU101211) from Dec 1986 to Jul 2025 about steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

The steel rebar prices in the United States for Q3 2024 reached 860 USD/MT in September. The region experienced notable price drops amid declining demand and excess supply. Prices consistently trended downward, with a minor decrease at the end of the quarter. This persistent bearish sentiment highlighted ongoing challenges in stabilizing the market as excess supply continued to weigh heavily on pricing dynamics.

Steel Prices: Delhi: Kalkaji Market: Mild Steel Sheets Galvanised Plain: 1.25 mm Thickness data was reported at 52,000.000 INR/Metric Ton in Jun 2016. This stayed constant from the previous number of 52,000.000 INR/Metric Ton for Mar 2016. Steel Prices: Delhi: Kalkaji Market: Mild Steel Sheets Galvanised Plain: 1.25 mm Thickness data is updated quarterly, averaging 52,000.000 INR/Metric Ton from Mar 2014 (Median) to Jun 2016, with 6 observations. The data reached an all-time high of 62,000.000 INR/Metric Ton in Jun 2014 and a record low of 47,000.000 INR/Metric Ton in Dec 2015. Steel Prices: Delhi: Kalkaji Market: Mild Steel Sheets Galvanised Plain: 1.25 mm Thickness 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).

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

The global steel market, valued at $1,329,590 million in 2025, is projected to experience minimal growth over the forecast period (2025-2033), reflecting a CAGR of -1%. This stagnation, despite the continued demand from construction and infrastructure development globally, is primarily attributed to several factors. Increased production costs due to rising energy prices and raw material scarcity are impacting profitability, leading to cautious production expansions. Furthermore, growing environmental concerns and stricter regulations surrounding carbon emissions are forcing steel manufacturers to invest heavily in sustainable production methods, further affecting short-term growth. The competitive landscape is dominated by large integrated steel mills like China Baowu Group, ArcelorMittal, and Nippon Steel Corporation, who are strategically focusing on technological advancements and diversification into value-added products to mitigate the impact of slow growth. Regional variations are expected, with emerging economies potentially showing more dynamic growth than mature markets facing economic slowdown. The shift towards more sustainable steel production, including the adoption of electric arc furnaces and increased recycling, will likely influence the long-term outlook and redefine market dynamics. The relatively flat growth trajectory highlights the need for strategic adaptation within the industry. While infrastructure projects continue to fuel demand, the price sensitivity of steel and the increasing regulatory pressures necessitate a shift towards higher-value products and sustainable manufacturing processes. Key players are actively pursuing mergers and acquisitions, technological innovations (such as hydrogen-based steelmaking), and partnerships to improve efficiency and gain a competitive edge in a slowing market. The long-term success in the steel sector will hinge on the ability of companies to successfully navigate these challenges and embrace sustainable and technologically advanced solutions. Further analysis of regional data and specific segment performance would provide more granular insights into the market's future trajectory.

This table contains 215 series, with data for years 1956 - 2013 (not all combinations necessarily have data for all years). This table contains data described by the following dimensions (Not all combinations are available): Geography (1 items: Canada ...), Commodities (215 items: Primary metal products; Iron and steel products; Primary steel products; Ferrosilicon ...).

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Steel Market Size 2025-2029

The steel market size is forecast to increase by USD 307.4 billion at a CAGR of 4.5% between 2024 and 2029.

The market is experiencing significant shifts driven by urbanization and infrastructure development. The increasing demand for steel in construction and infrastructure projects, particularly in emerging economies, is a key growth driver. Steel is used in jewelry, belt buckles, clips, casings, watch straps and backs, cooker hoods, outdoor kitchen cabinets, worktops, drainers, sinks, and others. Moreover, the trend toward sustainable steel production is gaining momentum as companies seek to reduce their carbon footprint and meet evolving consumer preferences. However, the market faces challenges in the form of trade barriers and protectionist policies. These obstacles can hinder the free flow of steel between countries and potentially disrupt global supply chains.
Companies must navigate these challenges by exploring alternative sourcing options and strengthening their relationships with key suppliers. To capitalize on opportunities and mitigate risks, strategic planning and operational agility are essential. Companies that can effectively address these market dynamics will be well-positioned to thrive in the evolving steel landscape. Advanced properties of steel, such as pliability and appealing aesthetic properties in diverse architectural elements such as railings, roofing, and staircases will fuel the market growth inthe coming years.

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

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market is a dynamic and intricate industry encompassing various sectors, including steel prices, fabrication, aerospace, automotive, research, and construction. Steel prices fluctuate based on supply and demand, with recent trends pointing towards increased costs due to raw material expenses and logistical challenges in steel transportation. In the realm of innovation, powder metallurgy and advanced steel alloys are gaining traction, offering enhanced properties for high-performance applications. The steel aerospace and automotive industries rely on lightweight, high-strength steel to optimize fuel efficiency and reduce emissions. Steel research continues to push boundaries, with developments in steel composites and 3D printing technology revolutionizing construction and engineering projects.
The steel supply chain is undergoing digital transformation, streamlining processes and improving efficiency. Steel demand remains strong, driven by infrastructure development, energy projects, and the ongoing need for durable, reliable materials. The steel industry's focus on sustainability and energy efficiency is shaping future trends, with steel manufacturing processes becoming more environmentally friendly and energy-intensive operations being optimized. Ultimately, the market's resilience and adaptability ensure its continued relevance in diverse industries and applications.

How is this Steel Industry segmented?

The steel industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Flat steel
  Long steel


Application

  Structural steel
  Automotive steel
  Electrical steel
  Packaging steel


End-user

  Construction
  Transportation
  Machinery
  Metal goods
  Others


Method

  Basic oxygen furnace
  Electric arc furnace
  Open hearth furnace


Geography

  North America

    US
    Mexico


  Europe

    Germany
    Italy
    Russia


  Middle East and Africa

    Turkey


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Type Insights

The flat steel segment is estimated to witness significant growth during the forecast period. In the realm of flat steel, a significant sector within the global market, products are crafted from slabs into sheets, plates, coils, and strips. These materials, renowned for their versatility, strength, and adaptability, underpin numerous industrial applications. Major product categories include hot-rolled coil (HRC), cold-rolled coil (CRC), galvanized steel, tinplate, and steel plates, each customized to meet distinct performance needs, such as surface finish, tensile strength, and corrosion resistance. Flat steel assumes a pivotal role in the automotive industry, where it contributes to the production of body panels and structural components. The steelmaking process involves various techniques, including blast furnace, basic oxygen furnace, and electric arc furnace, while recycling steel scrap is a crucial aspect of sustainable steel production.

Alloying elements are added

Steel Prices: Delhi: Kalkaji Market: Mild Steel Round Bars: 10 mm Diameter data was reported at 37,000.000 INR/Metric Ton in Jun 2016. This records a decrease from the previous number of 40,000.000 INR/Metric Ton for Mar 2016. Steel Prices: Delhi: Kalkaji Market: Mild Steel Round Bars: 10 mm Diameter data is updated quarterly, averaging 43,500.000 INR/Metric Ton from Mar 2014 (Median) to Jun 2016, with 10 observations. The data reached an all-time high of 49,000.000 INR/Metric Ton in Jun 2014 and a record low of 37,000.000 INR/Metric Ton in Jun 2016. Steel Prices: Delhi: Kalkaji Market: Mild Steel Round Bars: 10 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).

Hot-Rolled Steel Products Price in Mexico - 2023. Find the latest marketing data on the IndexBox platform.

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).

In 2024, after two years of growth, there was significant decline in the Serbian market for hot-rolled bars of high speed steel, when its value decreased by -28.8% to $919K. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $1.5M. From 2016 to 2024, the growth of the market failed to regain momentum.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Fabricated Structural Iron and Steel for Industrial Buildings Metal Bar Joists, Short Span (WPU10740510) from Jun 2011 to Jul 2025 about fabrication, iron, steel, metals, buildings, commodities, PPI, industry, inflation, price index, indexes, price, and USA.