Steel rose to 3,247 CNY/T on August 11, 2025, up 1.25% from the previous day. Over the past month, Steel's price has risen 5.25%, and is up 10.07% 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 830.03 USD/T on August 8, 2025, down 0.95% from the previous day. Over the past month, HRC Steel's price has fallen 5.89%, but it is still 22.06% 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.

This report uses the producer price index for steel mill products, averaging the growth in price for various types of steel, including bars, sheets, strips, plates and wires, of the hot-rolled and cold-rolled varieties. The index has a base year of 1982. Data is sourced from the Bureau of Labor Statistics and is presented as the equally weighted average of monthly figures.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Iron and Steel (WPU101) from Jan 1926 to Jun 2025 about iron, steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

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.

Major US steelmakers hike rebar prices by $60 per ton amid market fluctuations and demand changes.

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.

US iron and steel manufacturers, who are estimated to generate $108.4 billion in revenue for 2025, face a complex financial landscape after several years of fluctuating performance. While the industry has demonstrated a current period growth of 3.7% CAGR, the current year growth is estimated at 3.6%. Lower revenues in recent years were linked to depressed steel prices, caused by oversupply, sluggish demand in the construction and automotive sectors, and import competition. However, early 2025 has seen an uptick in prices driven partly by tariffs on imported steel, providing a glimmer of hope for improved earnings and profit, even as stricter EPA regulations on air quality and hazardous pollutants raise compliance costs. Characterized by a mix of large integrated producers and smaller specialized mills, the industry's structure is being reshaped by tariffs on foreign steel. While tariffs are boosting domestic manufacturers by creating a more favorable environment for domestic investment and job creation, they are also driving up costs for downstream industries such as automakers and construction firms. These tariffs, imposed to protect domestic producers, have contributed to higher US steel prices, even as manufacturers navigate increasingly stringent environmental regulations. The EPA's tougher air quality standards, targeting emissions from steelmaking processes, require costly investments in new equipment and process upgrades. As a result, the industry faces a complex landscape of trade tensions and varying profit impacts across different sectors. Looking ahead, the industry is expected to see growth stimulated by projected expansion in the domestic economy and large-scale federal infrastructure investments. Government initiatives, particularly those tied to infrastructure projects with “Buy America” provisions, are expected to bolster demand for domestically produced steel. The industry is projected to achieve a 1.7% CAGR through 2030, reaching $117.8 billion in revenue. Rising demand for green steel will also accelerate technology investments and transform production processes. Steelmakers will need to invest in expanding capacity, modernizing facilities and adopting advanced manufacturing technologies to meet anticipated demand and comply with evolving environmental standards.

Europe's steel producers are signaling price increases for hot-rolled coil. Market optimism and extended CO2 emissions deadlines support this trend, with prices expected to rise due to higher raw material costs.

United States PPI: Metals: IS: Steel Mill Pdts: Hot Rolled Bars,Plates & Structure data was reported at 211.900 Jun1982=100 in Jun 2018. This records an increase from the previous number of 207.000 Jun1982=100 for May 2018. United States PPI: Metals: IS: Steel Mill Pdts: Hot Rolled Bars,Plates & Structure data is updated monthly, averaging 111.600 Jun1982=100 from Jun 1982 (Median) to Jun 2018, with 433 observations. The data reached an all-time high of 269.000 Jun1982=100 in Aug 2008 and a record low of 92.500 Jun1982=100 in Feb 2002. United States PPI: Metals: IS: Steel Mill Pdts: Hot Rolled Bars,Plates & Structure data remains active status in CEIC and is reported by Bureau of Labor Statistics. The data is categorized under Global Database’s USA – Table US.I017: Producer Price Index: By Commodities.

United States PPI: Metals: IS: Steel Mill Pdts: Steel Wire data was reported at 282.900 Jun1982=100 in Oct 2018. This records an increase from the previous number of 278.100 Jun1982=100 for Sep 2018. United States PPI: Metals: IS: Steel Mill Pdts: Steel Wire data is updated monthly, averaging 106.800 Jun1982=100 from Jun 1982 (Median) to Oct 2018, with 431 observations. The data reached an all-time high of 326.700 Jun1982=100 in Sep 2008 and a record low of 95.400 Jun1982=100 in Apr 1987. United States PPI: Metals: IS: Steel Mill Pdts: Steel Wire data remains active status in CEIC and is reported by Bureau of Labor Statistics. The data is categorized under Global Database’s United States – Table US.I017: Producer Price Index: By Commodities.

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.

The Galvanized Steel Market size was valued at USD 98.80 USD Billion in 2023 and is projected to reach USD 147.58 USD Billion by 2032, exhibiting a CAGR of 5.9 % during the forecast period. Zinc-coated steel called galvanized steel is popular for the production of buildings, automobiles, and all kinds of home appliances where durability and being able to resist corrosion are important. Kinds include plated-in dips and electroless that provide variety. Technology innovations enable higher production rates with less waste – which means the overall environmental impact is reduced. It is an extended-use technique that increases the life span of the product, reduces maintenance and improves the structural integrity. One of the benefits herein is the high level of durability and simplicity in maintenance as well as the possibility to recycle it. This makes the material a first choice in most applications across many industries. Recent developments include: December 2023: Nippon Steel entered into an agreement to acquire U. S. Steel Corporation. The company will acquire U. S. Steel in an all-cash transaction for USD 55.00 per share. This acquisition is expected to close in the second or third quarter of 2024., October 2022: ThyssenKrupp Steel introduced a new hot-dip galvanizing line at the Dortmund location, namely FBA 10. With this introduction, the company now has two modern hot-dip galvanizing lines and reached a total production capacity of nearly 1 million metric tons per year., September 2022: Nucor Corporation has announced it is ready to construct two new flat-rolled galvanizing lines at Nucor Steel Berkeley in South Carolina and another one in western U.S. which will commence its operations in mid-2025. The company’s expansion strategy helps it expand its capabilities and grow its participation in the consumer durables and automotive markets., August 2022: Ansteel Group acquired a Benxi Steel Company. This acquisition helps Ansteel Group to expand their steel capacity to 63 mn t/year. With this acquisition, Benxi Steel Company became a second-level subsidiary of Ansteel Group. Such acquisition creates an opportunity to increase the company's share in the market., February 2022: Nucor Corporation acquired California Steel Industries, Inc. (CSI) for a cash purchase price of USD 400 million. The acquired company operates to offer cold rolled, hot rolled, oiled and pickled, galvanized and ERW pipe. Such strategic developments help Nucor Corporation to make a strong presence in the Western region.. Key drivers for this market are: Growing Product Demand from Various End-use Industries to Drive Market Growth. Potential restraints include: High Price Volatility of Raw Types to Restrain Market Growth. Notable trends are: Increasing Trend toward the Use of Electro-Galvanizing Steel in Manufacturing Electric Parts to Present Market Growth.

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Steel Rebars Market Size 2025-2029

The steel rebars market size is forecast to increase by USD 66.1 billion at a CAGR of 4.9% between 2024 and 2029.

The market is experiencing significant growth due to the increasing construction activities in various sectors, including residential, commercial, and infrastructure. This trend is driven by the global population growth and urbanization, leading to a surge in demand for new buildings and infrastructure projects. Moreover, innovations in steel rebars are contributing to the market's growth, with manufacturers focusing on enhancing the product's durability, strength, and corrosion resistance. However, the market faces challenges due to the fluctuation in prices of raw materials needed to manufacture steel rebars, such as iron ore and coal.
These price volatilities can impact the profitability of steel rebar manufacturers and may lead to supply chain disruptions. Companies seeking to capitalize on market opportunities and navigate challenges effectively should focus on implementing cost management strategies, exploring alternative raw material sources, and investing in research and development to offer innovative and sustainable steel rebar solutions.

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

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The steel rebar market continues to evolve, driven by the dynamic interplay of various factors. Applications in civil and structural engineering sectors remain a significant market driver, with infrastructure development and construction projects requiring large quantities of reinforcement bars for concrete structures. The ongoing unfolding of market activities is marked by advancements in rebar production techniques, such as hot and cold rolling, as well as the development of new steel grades and standards. Rebar diameters and lengths are continually being optimized for various applications, from high-rise buildings to residential construction. Seismic resistance and fire resistance are increasingly important considerations, leading to the adoption of new standards and technologies, such as epoxy and galvanized coatings.
Rebar testing and inspection play a crucial role in ensuring structural integrity, with the importance of quality control and certification growing. The supply chain, from steel mills to rebar distributors and fabricators, is undergoing continuous transformation, with advancements in logistics and technology streamlining the process. Green building initiatives are also influencing market dynamics, with an increasing focus on sustainable and eco-friendly construction materials. Precast concrete and prestressed concrete are gaining popularity due to their environmental benefits and improved mechanical properties. The market's continuous evolution is further underscored by advancements in rebar bending and cutting technologies, as well as the emergence of new applications, such as rebar spacing and rebar placement automation.
Overall, the steel rebar market is a vibrant and dynamic space, characterized by ongoing innovation and adaptation to changing market conditions.

How is this Steel Rebars Industry segmented?

The steel rebars 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

  Deformed
  Mild


Application

  Residential
  Commercial
  Public infrastructure


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Type Insights

The deformed segment is estimated to witness significant growth during the forecast period.

Deformed steel rebars, identified by their raised patterns like lugs, ribs, or indentations, are essential building materials for constructing infrastructure with high strength and durability. These rebars are commonly used in the construction of buildings, bridges, highways, dams, and other structures where structural integrity is paramount. The increasing urbanization in developing countries, particularly in Asia and Africa, drives the demand for new infrastructure and housing projects, leading to a significant increase in the need for deformed steel rebars. Additionally, investments in infrastructure projects such as transportation networks, bridges, and dams create high demand for high-performance reinforcement materials. BS and ASTM standards regulate the production and quality of deformed steel rebars in the US, ensuring their mechanical properties meet specifications.

Steel mills and rolling mills manufacture these rebars using hot or cold rolling processes. Rebar lengths, diameters, and grades vary depending on the application and project requirements. Yield and tensile stren

The Steel Rolling and Drawing industry in Canada has faced significant turbulence, pushing revenue downward in recent years. Steel prices have fallen in consecutive years after massive swings in 2020 and 2021. Canada’s manufacturers have also been challenged by the growing penetration of domestic markets by imports, pushing down the price of industry products. As a result, industry-wide revenue is forecast to contract at a CAGR of 6.5% over the past five years to $1.5 billion in 2024, when revenue is projected to drop $1.5 billion. Exports to the United States have been a boon to steel rollers and drawers amid declines in the domestic market. Exports to the US surged by more than 40.0% in 2022 alone, driving export expansion as Canadian manufacturers sought new markets. Consequently, exports' share of revenue has nearly doubled and is expected to surpass 38% of total revenue in 2024. Nonetheless, steel rollers and drawers’ success in cultivating export markets has not been able to forestall profit losses, as falling steel prices have placed pressure on global clients to pass on cost decreases.Steel rollers and drawers will face ongoing challenges as declining steel prices constrain performance. Within Canada, rollers and drawers will continue to endure pressure from integrated steel mills and metal wholesalers adopting functions previously performed by industry mills. However, the industry is expected to eke out growth as construction markets in Canada and the US offer opportunities spurred by federal infrastructure programs. Industry revenue is thus projected to rise at a CAGR of 1.2% through the end of 2028, totalling $1.6 billion. Still, manufacturers are bracing for turbulence with the incoming Trump Administration, which has threatened to renew tariffs on Canadian goods. The imposition of duties on Canadian steel could severely undermine the competitiveness of Canadian goods in the US market, which today gobbles up almost all steel dolling and drawing exported from Canada.

The Carbon Steel Market size was valued at USD 916.79 USD Billion in 2023 and is projected to reach USD 1247.62 USD Billion by 2032, exhibiting a CAGR of 4.5 % during the forecast period. Alloyed steel with high carbon content, referred to as carbon steel, provides unique strength and robustness which suits it for countless circles of uses in different industries. Its versatility and economy of scale make it the most essential component in the construction, automotive, infrastructure, machinery, and consumer goods industries. Varying as medium, low, and high carbon steels, a mechanical need is fitted by it. These production strategies - hot rolling and cold drawing - guarantee the quality of the output. The carbon steel market is the main factor of economic growth. It provides affordable solutions for infrastructure and manufacturing because the steel is available in large quantities and easy to fabricate. Recent developments include: February 2024 - JSW Steel Limited and JFE Steel Corporation formed a joint venture named SW JFE Electrical Steel Private Limited. The joint venture formed aligns with the growing market for grain-oriented electrical steel in India., May 2023 – JSW Steel stated that its wholly-owned subsidiary JSW steel coated products limited will complete the acquisition of National Steel and Agro Industries (NSAIL) for a total payment of USD 75 million., May 2023 – Saudi Aramco & public Investment and Baosteel Group announced a joint venture to construct a steel manufacturing plant in Saudi Arabia with annual capacity of 2.5 million tons of direct reduced iron and 1.5 million tons of steel plate., September 2022 – ArcelorMittal Nippon Steel India Limited announced the new construction and capacity of hot rolling and upstream facilities at Hazira Steel India. The company announced the acquisition of electric power, port, and infrastructure assets which were operated by separate companies., January 2022 – POSCO partnered with Adani Group and announced the establishment of an integrated steel mill and exploration corporation for an estimated investment of USD 5 billion.. Key drivers for this market are: High Carbon Steel Emerges as Indispensable in Automotive Industry Evolution. Potential restraints include: Environmental Regulation and Price Volatility to Hinder Market Growth . Notable trends are: Innovative Types and Applications are Creating Opportunities for Market Growth.

In February 2023, the price of steel foundry was recorded as $4,583 per ton (CIF, US), representing an 18% increase compared to the previous month.

United States PPI: Metals: IS: Steel Mill Pdts data was reported at 223.500 1982=100 in Sep 2018. This records an increase from the previous number of 223.400 1982=100 for Aug 2018. United States PPI: Metals: IS: Steel Mill Pdts data is updated monthly, averaging 75.000 1982=100 from Jan 1939 (Median) to Sep 2018, with 957 observations. The data reached an all-time high of 257.000 1982=100 in Aug 2008 and a record low of 9.800 1982=100 in Apr 1940. United States PPI: Metals: IS: Steel Mill Pdts data remains active status in CEIC and is reported by Bureau of Labor Statistics. The data is categorized under Global Database’s USA – Table US.I017: Producer Price Index: By Commodities.

The Qatari steel industry, currently valued at an estimated $XX million in 2025 (assuming a logical market size based on regional trends and comparable economies), exhibits robust growth potential, with a Compound Annual Growth Rate (CAGR) exceeding 4.50%. This expansion is fueled by several key drivers. Firstly, the ongoing infrastructure development projects across Qatar, particularly those related to the legacy of the FIFA World Cup and ongoing national development initiatives, create substantial demand for structural steel, architectural steel, and pre-fabricated building components. Secondly, the nation's expanding industrial and logistics sectors, including oil and gas operations, further stimulate consumption. Finally, the government's commitment to sustainable construction practices and the increasing adoption of pre-engineered buildings contribute to market growth. However, challenges exist. Global steel price fluctuations can impact profitability, while competition from regional and international suppliers presents a challenge to local players. Furthermore, reliance on imported raw materials exposes the industry to global supply chain vulnerabilities. Segment-wise, structural steel fabrication and pre-engineered building segments are expected to lead the market growth, reflecting the significant construction activity. Key players like Eversendai Qatar, Qatar Blue Steel Factory WLL, and others are actively shaping the market dynamics through strategic investments and project acquisitions. The industry's future trajectory hinges on successfully navigating these challenges while capitalizing on the considerable opportunities presented by Qatar's sustained economic development. The forecast period (2025-2033) projects a significant expansion for the Qatari steel industry. This prediction takes into account a conservative estimation of the current market size, acknowledging the absence of explicit figures in the initial data. The CAGR of over 4.50% suggests a substantial increase in market value by 2033. While specific segmental contributions require further data analysis, it's anticipated that increased government spending on infrastructure and industrial development will fuel growth across all segments, albeit at varying rates. Continued diversification within the economy, coupled with a focused strategy on attracting foreign investment, will also contribute positively to the steel market. Market share will likely remain distributed amongst the existing major players and new entrants aiming to capitalize on the promising market. However, success will depend on the players’ capacity to optimize operations, leverage technological advancements, and maintain cost-effectiveness in a dynamic global environment. This comprehensive report provides an in-depth analysis of the Qatar steel industry, covering the period from 2019 to 2033. It delves into market size, trends, key players, and future growth projections, incorporating high-search-volume keywords like "Qatar steel market," "Qatar steel fabrication," "Qatar construction steel," and "Qatar steel industry outlook." The report utilizes 2025 as the base year and offers detailed forecasts until 2033, analyzing historical data from 2019-2024. Recent developments include: October 2022: An AED 15 million (USD 4.08 Million) production facility was opened at the Hamriyah Free Zone by Reliable Engineering & Fabrication, a renowned company in the design, engineering, manufacture, and installation of all types of light to heavy metal fabrications with coating systems. The world-class structural steel fabricator hopes to serve the needs of the oil and gas, marine, and wind farming sectors through its new facility, which has a floor area of more than 150,000 square feet., September 2022: Watania Steel (WS) plans to increase its output by incorporating new items into its current line-up. A 500,000 t/yr rebar and wire rod mill will be put into operation by the steel manufacturer in Riyadh next to its present manufacturing facilities. This move comes after in-depth research on Saudi Arabia's demand patterns and new product introductions for over a year. After commissioning, WS's capacity for rebar and wire rods will be greater than 750,000 t/y. The provision of finished goods may satisfy Saudi Arabia's and its neighboring nations' rising demand.. Notable trends are: The Metalworking Market Expands Due to the Rising Demand from the Oil and Gas Sector.

Nucor Bar Group raises rebar prices by $60/t effective June 2025, aligning with industry trends amid stable construction demand and rising costs.