Steel rose to 3,228 CNY/T on July 24, 2025, up 0.62% from the previous day. Over the past month, Steel's price has risen 9.54%, and is up 2.93% 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 July of 2025.

HRC Steel fell to 872.95 USD/T on July 24, 2025, down 0.12% from the previous day. Over the past month, HRC Steel's price has fallen 1.81%, but it is still 31.47% 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.

United States - Producer Price Index by Commodity: Metals and Metal Products: Fabricated Steel Plate was 375.65500 Index 1982=100 in June of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Fabricated Steel Plate reached a record high of 375.65500 in June of 2025 and a record low of 89.60000 in June of 1980. 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: Fabricated Steel Plate - last updated from the United States Federal Reserve on July of 2025.

United States - Producer Price Index by Commodity: Metals and Metal Products: Cold Rolled Steel Sheet and Strip was 392.04700 Index Jun 1982=100 in June of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Cold Rolled Steel Sheet and Strip reached a record high of 711.61100 in November of 2021 and a record low of 99.40000 in January of 1983. 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: Cold Rolled Steel Sheet and Strip - last updated from the United States Federal Reserve on July of 2025.

Product segmentation includes:Hot Rolled: Widely used in construction, automotive, and shipbuildingCold Rolled: Used in appliances, automotive components, and constructionDirect Rolled: Cost-effective option for structural applicationsTubes: Used in pipelines, boilers, and construction Recent developments include: In June 2023, Tata Steel Limited signed a memorandum of understanding with Germany’s SMS group in order to collaborate on a decarbonized steel manufacturing process. The firms will conduct more technical discussions and take steps to do a Joint Industrial Demonstration of SMS group's EASyMelt technology, as part of the MoU , In February 2023, Nippon Steel entered into a strategic agreement with Teck Resources Limited in order to acquire royalty interests and equity in Elk Valley Resources Ltd. The purpose of the investment is securing high-quality steelmaking coal, which is necessary for Nippon Steel's carbon-neutral goal, and building a profitable and sustainable consolidated company portfolio via greater investment in high-quality raw materials , In March 2023, ArcelorMittal declared that it had successfully acquired Companhia Siderúrgica do Pecém ('CSP') in Brazil for an estimated USD 2.2 billion in enterprise value, after receiving the necessary regulatory clearance. This acquisition offers notable financial and operational synergies and also paves the way for future growth opportunities such as the possibility of increasing primary steelmaking capacity , In March 2023, JFE Steel announced that it had increased the fatigue resistance of its AFD (anti-fatigue-damage) steel by creating a thin version of it. The thin-walled variant of AFD steel is anticipated to be used in a wider range of applications, including structural components of bridges that are vulnerable to cracking over time, and is ideal for minimizing aging-related maintenance and replacement costs in steel construction intended for long-term use , In May 2023, after performing a feasibility study, JFE Steel Corporation and JSW Steel Limited agreed to a fundamental arrangement to establish a joint venture firm for manufacturing grain-oriented electrical steel sheets (GOES) in India. By providing GOES for green energy network improvement projects, this venture seeks to support the expanding Indian economy , In January 2022, POSCO and the Adani Group agreed to explore prospects for commercial collaboration, including the establishment of an integrated steel mill designed to be environment-friendly in Mundra, Gujarat, alongside other businesses , In July 2022, BP p.l.c. and ThyssenKrupp Steel established a strategic partnership to aid in the decarbonization of steel, including the supply of renewable power and low-carbon hydrogen. They intend to promote policies in Europe that will aid in the development of low-carbon hydrogen and green steel . Key drivers for this market are: Rapid urbanization and population growth fuel demand for steel in residential and commercial construction, including skyscrapers, residential buildings, and commercial complexes.. Potential restraints include: Fluctuations in prices of raw materials such as iron ore and coal, essential for steel production, pose challenges in cost management and profitability for steel manufacturers.. Notable trends are: Adoption of advanced manufacturing technologies, including electric arc furnaces (EAF) and continuous casting processes, enhances production efficiency, reduces energy consumption, and lowers carbon emissions..

The Electrical Steel Marketsize was valued at USD 30.70 USD Billion in 2023 and is projected to reach USD 44.96 USD Billion by 2032, exhibiting a CAGR of 5.6 % during the forecast period.Electrical Steel is speciality steel used in the cores of electromagnetic gadgets along with motors, generators, and transformers as it reduces energy loss. It is an iron alloy with silicon as the main additive detail (in preference to carbon). The specific components is adapted to produce unique magnetic properties: small hysteresis area ensuing in low power loss in line with cycle, low middle loss, and high permeability. It exhibits low electric conductivity, excessive magnetic permeability, and decreased core loss as compared to standard steel due to its silicon content. The most important drivers of the electric metal market are the high price of consumption of electrical steel in transformers and motors, that are vital components in diverse industries which include power, automobile, and production. Recent developments include: March 2022: ArcelorMittal S.A. announced an investment of USD 317.90 million to establish the production plant for electrical steel at the Mardyck site located in Northern France. The purpose of the investment is to increase production capacity to maximize revenue., November 2021: POSCO announced boosting the production of electrical steel sheets to fulfill the consumer’s demand. The company decided to invest USD 848.6 million to produce 300,000 tons of steel plate per year., July 2021: Following the business strategy, the NLMK Group announced the continuation of the construction of an electrical steel plant in Maharashtra, India. The plant would have a production capacity of 64,000 tons of electrical steel annually., November 2020: NIPPON STEEL CORPORATION expanded electrical steel sheet facilities in the Setouchi Works Hirohata, and Kyushu Works Yawata. The investment, including those previously announced, will approximate USD 721 million. This series of measures to improve capacity and quality will take full effect during the first half of 2023, with manufacturing capacity expected to increase by approximately 40%., April 2020: Shougang Group declared that the company achieved the ultimate production efficiency for the finishing rolling electrical sheets. The purpose of the company is to aim at improving the shearing loss with an enhanced yield rate.. Key drivers for this market are: Increased Product Demand from the Automotive Industry to Aid Market Expansion. Potential restraints include: Fluctuations in Raw Material Prices to Hamper Market Augmentation. Notable trends are: Increasing Product Adoption to Manufacture Electrical Motors to Boost Market Proliferation.

United States - Producer Price Index by Commodity: Metals and Metal Products: Hot Rolled Steel Bars, Plates, and Structural Shapes was 253.34600 Index Jun 1982=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Hot Rolled Steel Bars, Plates, and Structural Shapes reached a record high of 334.08500 in July of 2022 and a record low of 94.00000 in August of 2001. 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: Hot Rolled Steel Bars, Plates, and Structural Shapes - last updated from the United States Federal Reserve on July of 2025.

United States - Producer Price Index by Commodity: Metals and Metal Products: Hot Rolled Steel Sheet and Strip, Including Tin Mill Products was 303.08700 Index Jun 1982=100 in February of 2022, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Hot Rolled Steel Sheet and Strip, Including Tin Mill Products reached a record high of 390.51200 in November of 2021 and a record low of 95.40000 in February 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: Hot Rolled Steel Sheet and Strip, Including Tin Mill Products - last updated from the United States Federal Reserve on July of 2025.

In May 2024, iron ore was valued at approximately *** U.S. dollars per dry metric ton unit (dmtu), as compared to *** U.S. dollars per dmtu in the same month of the previous year. Iron ore prices and production Iron ore refers to the minerals and rocks from which metallic iron is economically viable to extract. Pig iron, which is one of the raw materials used in steel production, is derived from iron ore. The price of iron ore has fluctuated a great deal over the last twenty years. In 2003, one dmtu of iron ore cost ** U.S. dollars, and increased to a high of *** U.S. dollars per dmtu in 2011. The price saw dramatic drops in the past decade, from ****** U.S. dollars per dry metric ton unit in March 2013 to ***** U.S. dollars per dmtu in December 2015. Since then, the price has increased gradually to ****** U.S. dollars per dmtu as of July 2021, before dropping sharply in August 2021. Iron ore producers Overall, the global production of iron ore did not decrease when the prices dropped. In fact, an increase in production among several of the world's largest iron ore producing countries was observed in the past five years. Australia produced *** million metric tons of iron ore in 2023. China is also among the world's largest iron ore producers, though its production is calculated differently than in other countries. Based primarily on the production of raw ore rather than usable ore, China produced an estimated *** million metric tons in 2023.

The global high-speed steel (HSS) market, valued at $3.13 billion in 2025, is projected to experience robust growth, driven by a compound annual growth rate (CAGR) exceeding 4.00% from 2025 to 2033. This expansion is fueled by several key factors. The automotive and aerospace industries, major consumers of HSS for cutting tools and components, are experiencing steady growth, demanding higher precision and efficiency in manufacturing processes. The increasing adoption of advanced machining techniques, such as high-speed machining and multi-axis machining, further boosts demand for high-performance HSS tools. Furthermore, the rising production of plastics and the expansion of the plastics processing industry contribute to the market's growth, as HSS tools are vital for various processes involved. The market segmentation reveals a strong preference for tungsten high-speed steel due to its superior properties. However, molybdenum high-speed steel is also gaining traction due to its cost-effectiveness in specific applications. Geographic expansion, particularly in rapidly industrializing economies of Asia-Pacific, further contributes to the market's positive outlook. Competitive pressures from established players like ArcelorMittal, Sandvik AB, and thyssenkrupp AG, along with emerging players, contribute to innovation and price competitiveness, benefiting end-users. Despite the positive outlook, certain challenges exist. Fluctuations in raw material prices, particularly tungsten and molybdenum, can impact profitability and pricing strategies. Technological advancements in alternative materials, such as carbide and ceramic cutting tools, present competitive threats. The market's future growth will depend on successful adaptation to these challenges, ongoing technological advancements in HSS composition and manufacturing, and the continued expansion of key end-user industries. The continued focus on sustainability and environmentally friendly manufacturing processes within these industries will also play a crucial role shaping future demand for HSS. While precise figures for individual market segments and regions are unavailable, extrapolation from the overall market size and CAGR provides a comprehensive understanding of the HSS market dynamics. Recent developments include: July 2023: Syntagma Capital announced the acquisition of Erasteel, the high-speed steels and recycling division of Eramet SA., April 2022: JFE Steel Corporation and ThyssenKrupp Steel Europe jointly launched new 980 and 1180 MPa-class high-strength steel sheets capable of cold forming for the production of automobile frame components.. Key drivers for this market are: Growing Usage in Different Industrial Applications, Increasing Demand from Aerospace industry; Other Drivers. Potential restraints include: Growing Usage in Different Industrial Applications, Increasing Demand from Aerospace industry; Other Drivers. Notable trends are: The Automotive Industry is Expected to Dominate the Market.

United States - Producer Price Index by Commodity: Metals and Metal Products: Other Sheet Metal Electronic Enclosures (Excluding Computers) was 145.08100 Index Jun 2011=100 in June of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Other Sheet Metal Electronic Enclosures (Excluding Computers) reached a record high of 145.44100 in April of 2025 and a record low of 98.00000 in July of 2013. 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: Other Sheet Metal Electronic Enclosures (Excluding Computers) - last updated from the United States Federal Reserve on July of 2025.

The Steel Pipes & Tubes Market size was valued at USD 134.96 billion in 2023 and is projected to reach USD 204.27 billion by 2032, exhibiting a CAGR of 6.1 % during the forecasts period. The Steel Pipes & Tubes Market refers to products that are employed in creating steel pipes and tubes in a manufacturing industry and in sectors like construction, oil, and gas, automobile, and production among others. Piping of steel pipes and tubes is utilized to convey fluids, gases, and solids in commercial and individual settings. These structures are extensively applied in civil construction including bridges, pipelines for water and containment, heating ventilation, and air conditioning systems and structural skeletons. Trends, currently visible in the market include enhanced requirements for higher reliance and superior anti-corrosive properties; technological advancement including establishing seamless pipe production; and the rising use of steel pipes in developing countries for infrastructure improvement. Furthermore, there is rising pressure from regulatory programs and green practices that are encouraging the adoption of environmentally responsible steelmaking processes. Recent developments include: In December 2023, Jindal Stainless Limited acquired Rabirun Vinimay Private Limited (RVPL), which manufactures stainless steel cold sheets with rolled coils and profiles. The company is expected to spend USD 11.50 million to acquire RVPL. RVPL has a cold rolling manufacturing unit in West Bengal, India, which produces steel pipes & tubes with a capacity of 50,000 mt per year , In August 2023, NST Mechanical Tubular Products Sales Co., Ltd., a subsidiary of Nippon Steel Trading Corporation, acquired the business and a part of its assets from SAKAISHIN, Ltd. The company markets semi-furnished metal products such as pipes and tubes. The acquisition aims to improve the efficiency of distribution processing centers and sales bases, thus strengthening its sales platform to enhance customer satisfaction. , In July 2023, Rama Steel Tubes Limited, signed a MOU with JSW Steel Group to procure hot-rolled coils and manufacture pipes & tubes. The partnership aims to procure 100,000 tons of Hot Rolled Coils (HRC) from JSW Steel to support the manufacturing of various pipes & tubes. .

United States - Producer Price Index by Commodity: Metals and Metal Products: Steel Wire, Stainless Steel was 175.30000 Index Dec 2010=100 in July of 2023, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Steel Wire, Stainless Steel reached a record high of 209.58200 in August of 2022 and a record low of 83.80000 in June 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 Wire, Stainless Steel - last updated from the United States Federal Reserve on July of 2025.

United States - Producer Price Index by Commodity: Metals and Metal Products: Cut Plate and Structural Scrap was 272.31400 Index Jun 1996=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Cut Plate and Structural Scrap reached a record high of 414.20000 in July of 2008 and a record low of 64.10000 in November of 2001. 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: Cut Plate and Structural Scrap - last updated from the United States Federal Reserve on July of 2025.

United States - Producer Price Index by Industry: Sheet Metal Work Manufacturing: Sheet Metal Roofing and Roof Drainage Equipment was 242.68500 Index Dec 2003=100 in July of 2024, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Sheet Metal Work Manufacturing: Sheet Metal Roofing and Roof Drainage Equipment reached a record high of 251.24000 in October of 2022 and a record low of 100.00000 in December of 2003. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Sheet Metal Work Manufacturing: Sheet Metal Roofing and Roof Drainage Equipment - last updated from the United States Federal Reserve on July of 2025.

LME Index rose to 4,269.90 Index Points on July 22, 2025, up 0.51% from the previous day. Over the past month, LME Index's price has risen 2.72%, and is up 9.48% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. LME Index - values, historical data, forecasts and news - updated on July of 2025.

United States - Producer Price Index by Industry: Rolled Steel Shape Manufacturing: Cold Rolled Steel Sheet and Strip, Made from Purchased Steel was 297.97300 Index Jun 1982=100 in June of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Rolled Steel Shape Manufacturing: Cold Rolled Steel Sheet and Strip, Made from Purchased Steel reached a record high of 548.59600 in November of 2021 and a record low of 30.40000 in February of 1967. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Rolled Steel Shape Manufacturing: Cold Rolled Steel Sheet and Strip, Made from Purchased Steel - last updated from the United States Federal Reserve on July of 2025.

United States - Producer Price Index by Commodity: Metals and Metal Products: Carbon Steel Scrap was 473.02000 Index Dec 1986=100 in June of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Carbon Steel Scrap reached a record high of 786.56400 in April of 2022 and a record low of 97.70000 in April of 1987. 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: Carbon Steel Scrap - last updated from the United States Federal Reserve on July of 2025.

Aluminum fell to 2,649.55 USD/T on July 23, 2025, down 0.29% from the previous day. Over the past month, Aluminum's price has risen 2.86%, and is up 15.17% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Aluminum - values, historical data, forecasts and news - updated on July of 2025.

United States - Producer Price Index by Industry: Fabricated Structural Metal Manufacturing: Fabricated Structural Iron and Steel for Commercial, Residential, Institutional, and Public Buildings was 200.16900 Index Jun 2011=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Fabricated Structural Metal Manufacturing: Fabricated Structural Iron and Steel for Commercial, Residential, Institutional, and Public Buildings reached a record high of 217.28300 in January of 2024 and a record low of 100.00000 in June of 2011. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Fabricated Structural Metal Manufacturing: Fabricated Structural Iron and Steel for Commercial, Residential, Institutional, and Public Buildings - last updated from the United States Federal Reserve on July of 2025.