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.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Steel Mill Products (WPU1017) from Jan 1939 to Feb 2025 about mills, steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

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 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.

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.

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.

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.

In 2023, the price of fabricated structural steel in the United Kingdom has fallen by over 20 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 52.6 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 seven 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, nine of the 15 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 Producer Price Index by Commodity: Metals and Metal Products: Stainless and Other Alloy Steel Scrap (WPU101212) from Dec 1986 to Feb 2025 about steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

China Transaction Price: 36 City Avg: Stainless Steel: 2.0, 304/2B Cold Roll data was reported at 15,230.620 RMB/Ton in Jan 2025. This records a decrease from the previous number of 15,328.450 RMB/Ton for Dec 2024. China Transaction Price: 36 City Avg: Stainless Steel: 2.0, 304/2B Cold Roll data is updated monthly, averaging 16,547.000 RMB/Ton from Dec 2011 (Median) to Jan 2025, with 158 observations. The data reached an all-time high of 22,569.000 RMB/Ton in Jan 2012 and a record low of 13,381.000 RMB/Ton in Dec 2015. China Transaction Price: 36 City Avg: Stainless Steel: 2.0, 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: 36 City Monthly Avg: Transaction Price: Production Material.

In the fourth quarter of 2023, the price of the mild steel plate in Japan reached 856 USD/MT (Mild Steel (JIS 3101-10 mm) Plate) by December.

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

Nucor and Gerdau, leaders in the US steel industry, announce significant price hikes due to rising raw material costs, impacting rebar and hot rolled coil prices.

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).

China Transaction Price: 36 City Avg: Carbon Steel: 180mm, 45# data was reported at 4,058.520 RMB/Ton in Jan 2025. This records a decrease from the previous number of 4,088.490 RMB/Ton for Dec 2024. China Transaction Price: 36 City Avg: Carbon Steel: 180mm, 45# data is updated monthly, averaging 4,479.215 RMB/Ton from Dec 2011 (Median) to Jan 2025, with 158 observations. The data reached an all-time high of 6,211.910 RMB/Ton in May 2021 and a record low of 2,389.000 RMB/Ton in Feb 2016. China Transaction Price: 36 City Avg: Carbon Steel: 180mm, 45# 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.

In the fourth quarter of 2023, the price of the long steel in the USA reached 1513 USD/MT by December. Similarly, in Taiwan, the long steel prices hit 707 USD/MT in the same month. Moreover, Italy also saw long steel prices reaching 870 USD/MT during Q4 2023.

Explore IMARC’s newly published report, titled “Long Steel Pricing Report 2025: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of long steel pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

Graph and download economic data for Producer Price Index by Industry: Material Recyclers: Shredded Carbon Steel Scrap (PCU429930429930113) from Dec 1986 to Feb 2025 about materials, steel, PPI, industry, inflation, price index, indexes, price, and USA.

China Transaction Price: 36 City Avg: Round Steel: 20mm, Q235 data was reported at 3,825.710 RMB/Ton in Jan 2025. This records a decrease from the previous number of 3,858.110 RMB/Ton for Dec 2024. China Transaction Price: 36 City Avg: Round Steel: 20mm, Q235 data is updated monthly, averaging 4,149.535 RMB/Ton from Apr 2008 (Median) to Jan 2025, with 202 observations. The data reached an all-time high of 5,952.500 RMB/Ton in May 2021 and a record low of 2,215.000 RMB/Ton in Feb 2016. China Transaction Price: 36 City Avg: Round Steel: 20mm, Q235 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.

The Platts Market Data - Metals dataset provides over 2,400 ferrous steel, steel raw materials, and nonferrous metals prices and indicators from all global regions.

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.

China Purchasing Price Index: Ferrous Metal Material data was reported at 95.700 Prev Year=100 in 2024. This records an increase from the previous number of 93.800 Prev Year=100 for 2023. China Purchasing Price Index: Ferrous Metal Material data is updated yearly, averaging 102.318 Prev Year=100 from Dec 1986 (Median) to 2024, with 39 observations. The data reached an all-time high of 174.100 Prev Year=100 in 1993 and a record low of 86.300 Prev Year=100 in 2009. China Purchasing Price Index: Ferrous Metal Material data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Inflation – Table CN.IE: Purchasing Price Index.