Steel decreased 101 Yuan/MT or 3.05% since the beginning of 2025, 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 March of 2025.

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.

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 66 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 nine percent in fiscal year 2024.

HRC Steel increased 180.96 USD/T or 25.52% since the beginning of 2025, 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 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.

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.

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).

The market value of the steel industry in the U.S. amounted to around 133 billion U.S. dollars in 2021, and is projected to reach nearly 97 billion in 2022, a year-on-year decrease of around 27.3 percent. It is expected to continue decreasing in the following years, reaching approximately 62 billion U.S. dollars by 2027.

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 555 U.S. dollars per metric ton—a 15 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 717.7 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 529 billion yuan (approximately 82 billion U.S. dollars). This comes after China's steel sector had a drop in sales to its domestic auto sector in early 2019.

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).

The globalsteel marketsize reached US$ 1,823.5 billion in 2022. Over the forecast period, global steel demand is anticipated to rise at 4.4% CAGR. Total market revenue is set to increase from US$ 1,893.9 billion in 2023 to US$ 2,901.9 billion in 2033.

2018 to 2022 Steel Market Outlook Vs. 2023 to 2033 Forecast

Country-wise Insights

Category-wise Insights

Steel Industry Research Scope

The market value of the stainless steel industry in the U.S. is forecast to amount to almost 5.4 billion U.S. dollars in 2022, a year-on-year decrease of around 16 percent. It is expected to continue decreasing, reaching approximately 5.3 billion U.S. dollars by 2027.

The North American steel market is set to see fluctuating HRC prices between $600 and $800 per short tonne, with industry optimism for moderate to significant growth over the next 3-5 years but limited investment in decarbonization.

The High-Speed Steel Market Report is Segmented by Type (Tungsten High-Speed Steel, Molybdenum High-Speed Steel, and Other Types), Product Type (Metal Cutting Tools, Cold Working Tools, and Other Product Types), End-User Industry (Automotive, Aerospace, Plastics, and Other End-User Industries), and Geography (Asia-Pacific, North America, Europe, South America, and the Middle East and Africa). The Market Size and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

In 2023, the price of 16 to 32mm steel reinforcement bars in Singapore was at approximately 879.62 Singapore dollars per metric ton. This was a decrease from its market price in the previous year.

According to Cognitive Market Research, the global Pre finished Steel Market size will be USD 455815.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 16.20% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 182326.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 136744.56 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 104837.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 18.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 22790.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 9116.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.9% from 2024 to 2031.
Coils is the fastest growing segment of the Pre finished Steel industry

Market Dynamics of Pre finished Steel Market

Key Drivers for Pre finished Steel Market

Demand for Pre-Finished Steel to Boost Market Growth

The demand for pre-finished steel is driven by its durability and corrosion resistance, making it ideal for construction. Industries like automotive, agriculture, and commercial buildings seek materials that can withstand harsh environmental conditions while requiring minimal maintenance. The rise in infrastructure development globally further fuels the need for robust construction materials. As sustainability becomes a focus, pre-finished steel's recyclability also appeals to environmentally conscious builders. This demand is expected to grow as more companies recognize the long-term benefits of investing in high-quality, durable materials, ensuring lower replacement costs and enhanced structural integrity. The versatility of pre-finished steel in various applications, from residential to industrial buildings, also supports its increasing use, driving market growth. For instance, structural steel is a highly versatile and durable material that has become increasingly popular in large-scale construction projects in recent years. Its strength, resistance to corrosion, and ability to withstand extreme weather conditions make it the ideal choice for a wide range of applications. From high-rise buildings to large bridges and industrial facilities, structural steel offers unparalleled strength and stability that is essential for ensuring the safety and longevity of these structures.

Expansion of the Food Service Sector to Drive Market Growth

Advancements in coating technologies have significantly enhanced the aesthetic appeal and functionality of pre-finished steel. New techniques allow for a wider range of colors and finishes, enabling architects and designers to create visually appealing structures without sacrificing performance. Improved coatings provide better resistance to scratches, fading, and UV exposure, making pre-finished steel a preferred choice in architectural applications. These innovations also promote energy efficiency by allowing for reflective surfaces that reduce heat absorption in buildings. As a result, builders and developers increasingly turn to pre-finished steel for projects that prioritize both design and functionality. This growing trend in customizable, high-performance materials contributes to the overall expansion of the pre-finished steel market.

Restraint Factor for the Pre finished Steel Market

Competition from Alternative Packaging Materials, such as Plastics and Styrofoam, will Limit Market Growth

Fluctuating raw material prices, particularly for steel and zinc, pose a significant restraint on the pre-finished steel market. Price volatility can create uncertainty for manufacturers, making it challenging to set competitive pricing while maintaining profit margins. This unpredictability may lead to reduced investments in production capabilities and innovation, as companies become more risk-averse. Furthermore, higher raw material costs can deter potential customers from choosing pre-finished steel, especially when alternative materials are available at lower prices. Consequently...

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

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).

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