Steel fell to 3,158 CNY/T on July 31, 2025, down 2.17% from the previous day. Over the past month, Steel's price has risen 4.22%, and is up 5.27% 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 rose to 857.96 USD/T on July 29, 2025, up 0.94% from the previous day. Over the past month, HRC Steel's price has fallen 2.50%, but it is still 22.04% 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.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Cold Rolled Steel Sheet and Strip (WPU101707) from Jun 1982 to Jun 2025 about steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

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

Get the latest insights on price movement and trend analysis of Stainless Steel Plate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Why did the Stainless Steel (Flat) Price Change in July 2025? The Stainless Steel (Flat) Price Index in North America registered a quarter-over-quarter decline of 5.3% in Q2 2025, reflecting a softening pricing environment driven by supply-demand imbalances and tepid downstream consumption.

Iron and steel scrap prices in the United States stood at around *** U.S. dollars per metric ton in 2024, down from *** dollars per ton a year earlier. This is the fourth consecutive annual decrease recorded. Steel scrap consumption The majority of domestic steel industry scrap consumption is from manufacturers of raw steel, and steel castings. These raw materials are used to produce steel products that are used for appliances, construction, machinery, and transportation, among other industry uses. Only small amounts of steel scrap were used for the production of ferroalloys, copper precipitation, and the chemical industry. Recycling scrap Recycled iron and steel scrap materials have been essential for the production of new steel and cast iron products. Vehicles are one of the largest sources of old steel scrap used for recycling and nearly 100 percent of cars are recycled for their scrap material. It is expected that the recycling rate for scrap materials from appliances and construction purposes should rise, especially as public interest for recycling grows and profitability increases.

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).

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).

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 ** 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 **** percent in fiscal year 2024.

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.

Over the five years through 2024-25, iron and steel manufacturing revenue is expected to dip at a compound annual rate of 3.3% to £7.2 billion. Heaps of cheap steel on the global market have undercut British prices and caused big trade partners like the EU to institute import quotas. Unable to lower prices because of high labour costs and environmental charges, industry giants like British Steel and Tata Steel have stated a need for government intervention to continue operating. Both companies are also moving away from blast furnace operations to invest in greener electric arc furnaces, marking a complete industry shift. Tata Steel closed its Port Talbot site in September 2024, marking the end of traditional steelmaking in Wales and the switch to its electric arc furnace, which is set to begin operations in 2028. British Steel is preparing to close its Lincolnshire blast furnace site before the end of 2024-25. However, ongoing discussions with the government over the size of the support package for British Steel’s transition could delay the closure. The industry has been wracked by volatility. Metal prices dropped during 2020-21 as the COVID-19 pandemic slashed downstream demand for iron and steel. However, as manufacturing and construction activity started recovering in 2021-22, iron and steel prices soared as production failed to keep up, causing a global undersupply of steel. This massively raised revenue in 2021-22, driving up profitability. Steel prices started to dip in 2022-23, bringing down iron and steel manufacturers’ revenue. In 2024-25, revenue is set to dip by 2.9% owing to a slump in sales volumes in the second half of the year, resulting from the 2024 Autumn Budget denting business confidence and slashing construction and manufacturing new orders. This will coincide with iron and steel prices continuing to stave off. Profit is expected to remain flat as iron ore, carbon and energy prices continue to normalise, reducing manufacturers’ costs. However, higher wage costs and subdued demand will keep profit low at 1.1% in 2024-25. Over the five years through 2029-30, revenue is forecast to drop at a compound annual rate of -0.2% to £7 billion. While UK steel manufacturers no longer face tariffs in the US, EU import quotas will stay put, causing significant harm. Despite UK quotas, competition from imports will prevail, especially as China’s manufacturing rebounds. Reduced production from British Steel and Tata Steel as both companies switch to electric arc furnace production will also hinder revenue growth until 2028-29.

In 2023, the price of fabricated structural steel in the United Kingdom has fallen by over ** 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 **** 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 ***** 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, **** of the ** companies with the highest output of steel came from China, with the rest coming from Luxembourg, Japan, South Korea, India, and the U.S.

Aluminum fell to 2,588.10 USD/T on July 31, 2025, down 0.73% from the previous day. Over the past month, Aluminum's price has fallen 0.54%, but it is still 12.72% higher than a year ago, 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.

Metal and Steel Price: Chennai: Plates 6 mm data was reported at 62,080.000 INR/Metric Ton in Apr 2025. This records an increase from the previous number of 59,620.000 INR/Metric Ton for Mar 2025. Metal and Steel Price: Chennai: Plates 6 mm data is updated monthly, averaging 44,810.000 INR/Metric Ton from Aug 2003 (Median) to Apr 2025, with 257 observations. The data reached an all-time high of 94,900.000 INR/Metric Ton in Apr 2022 and a record low of 23,500.000 INR/Metric Ton in Nov 2003. Metal and Steel Price: Chennai: Plates 6 mm data remains active status in CEIC and is reported by Joint Plant Committee. The data is categorized under India Premium Database’s Metal and Steel Sector – Table IN.WAC002: Metal and Steel Retail Prices: Chennai: Monthly.

In 2024, iron ore was worth an average of approximately *** U.S. dollars per dry metric ton unit (dmtu), compared to only ** U.S. dollars per dmtu in 2000. The month with the highest average iron ore price in 2021 was June, at over *** U.S. dollars per dmtu. Iron ore: market context and price fluctuation Iron ore is composed of minerals and rocks from which metallic iron can be extracted. Iron ore is an important part of the world economy, as a large proportion of iron ore is used to make steel, which is a widely used material globally. In a given year, the monthly price of iron ore varies noticeably, ranging for example from a high of ****** U.S. dollars per dmtu in June 2021 down to a low of ***** U.S. dollars per dmtu in November 2021. Major iron ore producing nations Australia has the world's largest iron ore reserves, at ** billion metric tons of crude iron ore and is also the world's largest producer of iron ore. Not surprisingly, China, the world's leading steel manufacturer, is also the world's leading importer of iron. In recent years, China's iron imports have increased significantly, from ****** million metric tons in 2004, to over *** billion metric tons in 2018.

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.

The Canadian steel industry is currently facing a challenging period marked by a projected 12.4% contraction in 2025, with total revenues falling to $15.2 billion. Although the industry posted a 2.5% CAGR over the current period, this figure is largely due to strong gains in 2021, followed by subsequent declines. This downturn is primarily driven by the imposition of a 25% US tariff on Canadian steel imports, which has sharply reduced export volumes and reduced the profit margin, leading to layoffs and production slowdowns. While some losses are being offset by reciprocal Canadian tariffs and government support for domestic procurement, the industry’s trajectory reflects the struggle to adapt to a rapidly shifting trade environment and persistently low steel prices. Companies are responding by ramping up domestic sales, seeking new international markets and enhancing operational efficiency, but the near-term outlook remains pressured by global overcapacity and weak demand. Structurally, the Canadian steel industry is undergoing significant consolidation, highlighted by Cleveland-Cliffs’ $3.4 billion acquisition of Stelco in late 2024. This deal exemplifies a broader trend toward fewer, larger and more integrated producers, as competitive pressures and market volatility force smaller or less efficient mills to close or merge. The number of steel manufacturing establishments in Canada has steadily declined. Industry responses to the current crisis include not only trade action and procurement reform but also investments in modernization and green steel initiatives. While these measures may enhance long-term competitiveness and innovation, they also raise concerns about reduced supplier diversity, workforce restructuring and the potential for higher barriers to entry for new firms. Looking ahead, the outlook for the Canadian steel industry remains cautious. Revenues are projected to decline further, reaching $14.5 billion by 2030, with a projected CAGR of -1.0% over the next five years. Continued global oversupply, subdued demand and competition from low-cost producers are expected to keep steel prices and profit under pressure. The industry will likely see more consolidation within North America as companies seek scale and resilience, while downstream industries may benefit from lower input costs but face risks from potential supply disruptions. To navigate these headwinds, Canadian steelmakers must prioritize innovation, cost management and product differentiation, especially in specialty and green steel. Strategic adaptation, scenario planning and agile supply chain management will be essential for maintaining competitiveness and financial stability in an increasingly volatile and concentrated market.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Steel Wire, Stainless Steel (WPU10170502) from Dec 2010 to Jul 2023 about wired, steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Iron and Steel Scrap (WPU1012) from Jan 1947 to May 2025 about iron, steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.