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 (WPS101211) from Jan 1997 to Feb 2025 about steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

China Transaction Price: 36 City Avg: Carbon Steel: 40mm, 45# data was reported at 3,973.690 RMB/Ton in Jan 2025. This records a decrease from the previous number of 3,996.610 RMB/Ton for Dec 2024. China Transaction Price: 36 City Avg: Carbon Steel: 40mm, 45# data is updated monthly, averaging 4,386.630 RMB/Ton from Dec 2011 (Median) to Jan 2025, with 158 observations. The data reached an all-time high of 6,111.880 RMB/Ton in May 2021 and a record low of 2,370.000 RMB/Ton in Dec 2015. China Transaction Price: 36 City Avg: Carbon Steel: 40mm, 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.PG: Steel Price.

Explore the dynamic factors influencing carbon steel prices per kg, including market demand, geopolitical events, and supply chain disruptions. Learn how these variables, along with steel grades and economic conditions, affect pricing in industries like construction and automotive as of October 2023.

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.

In 2023, the average selling prince of South Korean steel works company POSCO's carbon steel amounted to around 1.02 million South Korean won per metric ton. This was a slight decrease compared to the previous year, but still represented the second-highest number of the past decade.

North America’s carbon steel business revenue totaled US$ 75.0 billion in 2022. Over the forecast period, demand for carbon steel in North America is anticipated to rise at a 4.9% CAGR. The region's total carbon steel business value is predicted to increase from US$ 78.1 billion in 2023 to US$ 125.6 billion by 2033.

Attributes	Key Insights
North America Carbon Steel Business Base Value in 2022	US$ 75.0 billion
Estimated North America Carbon Steel Business Sales Value (2023)	US$ 78.1 billion
Projected North America Carbon Steel Business Revenue (2033)	US$ 125.6 billion
Value-based North America Carbon Steel Business CAGR (2023 to 2033)	4.9%
Collective Value Share: Top 5 Countries (2023E)	55% to 65%

Historical Performance Vs. Carbon Steel Sales Forecast in North America

Historical CAGR (2018 to 2022)	4.2%
Forecast CAGR (2023 to 2033)	4.9%

Country-wise Insights

Countries	Expected North America Carbon Steel Revenue (2033)
United States	US$ 91.5 billion
Canada	US$ 17.3 billion
Mexico	US$ 16.8 billion

Countries	Projected Carbon Steel CAGR (2023 to 2033)
United States	4.4%
Canada	5.8%
Mexico	6.5%

Category-wise Insights

Top Segment (Carbon Content)	Low Carbon Content Steel
Predicted CAGR (2023 to 2033)	4.9%

Top Segment (Product Type)	Flat Product Types
Projected CAGR (2023 to 2033)	4.7%

United States - Producer Price Index by Commodity: Metals and Metal Products: Shredded Carbon Steel Scrap was 267.88000 Index Jun 1996=100 in February of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Shredded Carbon Steel Scrap reached a record high of 375.23600 in April of 2022 and a record low of 56.10000 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: Shredded Carbon Steel Scrap - last updated from the United States Federal Reserve on March of 2025.

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.

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.

United States - Producer Price Index by Industry: Iron and Steel Forging: Hot Impression Die Impact, Press and Upset Carbon Steel Forgings was 201.70700 Index Dec 1983=100 in February of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Iron and Steel Forging: Hot Impression Die Impact, Press and Upset Carbon Steel Forgings reached a record high of 227.59200 in March of 2024 and a record low of 99.80000 in October of 1986. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Iron and Steel Forging: Hot Impression Die Impact, Press and Upset Carbon Steel Forgings - last updated from the United States Federal Reserve on March of 2025.

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.

Attributes	Key Insights
Steel Market Size in 2022	US$ 1,823.5 billion
Estimated Steel Market Value (2023)	US$ 1,893.9 billion
Projected Steel Market Revenue (2033)	US$ 2,901.9 billion
Value-based Steel Market CAGR (2023 to 2033)	4.4%
Collective Value Share: Top 5 Countries (2023E)	56.2%

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

Historical CAGR (2018 to 2022)	1.0%
Forecast CAGR (2023 to 2033)	4.4%

Country-wise Insights

Countries	Steel Market Revenue (2033)
United States	US$ 271.6 billion
Germany	US$ 105.8 billion
China	US$ 794.4 billion
Japan	US$ 304.9 billion
South Korea	US$ 129.0 billion
India	US$ 167.4 billion

Countries	Projected steel CAGR (2023 to 2033)
United States	3.3%
Germany	2.4%
China	4.6%
Japan	5.2%
South Korea	5.8%
India	5.2%

Category-wise Insights

Top Segment (Steel Type)	Carbon Steel
Predicted CAGR (2023 to 2033)	3.8%

Top Segment (End Use)	Building and Construction
Predicted CAGR (2023 to 2033)	3.8%

Steel Industry Research Scope

Attribute	Details
Estimated Market Size (2023)	US$ 1,893.9 billion
Projected Market Size (2033)	US$ 2,901.9 billion
Anticipated Growth Rate (2023 to 2033)	4.4%
Historical Data	2018 to 2022
Forecast Period	2023 to 2033
Quantitative Units	Value (US$ billion) and Volume (‘000 tons)
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Market Segments Covered	Steel Type End Use Region
Regions Covered	North America Latin America Western Europe Eastern Europe East Asia South Asia Pacific Middle East Africa
Key Companies Profiled	Baowu Steel Group Corporation Limited ArcelorMittal Nippon Steel Corporation Thyssenkrupp AG Nucor Corporation JFE Steel Corporation Tata Steel Limited Posco International Cleveland-Cliffs Inc EVRAZ Plc Gerdau S.A. Hyundai Steel Co Jiangsu Shagang Group Co., Ltd. United States Steel Corp. Novolipetsk Steel Severstal Steel Authority of India Limited JSW Steel Limited

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.

The global low carbon stainless steel market is experiencing robust growth, driven by increasing demand across diverse sectors. While precise figures for market size and CAGR aren't provided, a reasonable estimation, based on industry trends and comparable materials, suggests a 2025 market size of approximately $15 billion USD. Considering the rising adoption of sustainable materials in automotive, construction, and energy applications, a conservative Compound Annual Growth Rate (CAGR) of 7% is projected for the forecast period of 2025-2033. This growth is fueled by stringent environmental regulations promoting reduced carbon emissions, alongside the inherent advantages of low carbon stainless steel, including enhanced corrosion resistance and recyclability. The automotive industry, particularly electric vehicle (EV) manufacturing, is a key driver, requiring lightweight yet durable materials. Similarly, the growing ocean engineering and petrochemical sectors contribute significantly to the demand. The market is segmented by steel type (austenitic and ferritic) and application, with automotive, ocean engineering, and petrochemical industries currently dominating consumption. Several factors, however, could restrain market growth. Fluctuations in raw material prices (like nickel and chromium) and the capital investments required for advanced production technologies pose potential challenges. Furthermore, competition from alternative materials, such as aluminum alloys and high-strength steels, needs to be considered. Nonetheless, the long-term outlook remains positive, driven by the ongoing focus on sustainability and the increasing demand for high-performance materials across multiple industries. Key players in the market include established stainless steel manufacturers like Outokumpu, JFE Holdings, TATA, and POSCO, who are actively investing in research and development to enhance the production efficiency and cost-effectiveness of low carbon stainless steel. Regional growth will likely be driven by Asia-Pacific and North America, reflecting robust industrial activities and investments in sustainable infrastructure.

5161 Global import shipment records of Carbon Steel with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

Explore how global market demands, raw material costs, and geopolitical tensions affect steel prices in 2023, including the impact of energy costs, regional variations, and advancements in technology on carbon and stainless steel.

Iron or Non-Alloy Steel Wire Containing Less than 0.25% of Carbon Market Size Value in Finland, 2021 Discover more data with ReportLinker!

United States Carbon Steel Product Imports: North America data was reported at 416,278.000 USD th in Jun 2018. This records a decrease from the previous number of 698,487.000 USD th for May 2018. United States Carbon Steel Product Imports: North America data is updated monthly, averaging 412,123.500 USD th from Jan 2000 (Median) to Jun 2018, with 222 observations. The data reached an all-time high of 820,211.000 USD th in Jul 2008 and a record low of 127,141.000 USD th in Dec 2001. United States Carbon Steel Product Imports: North America data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s USA – Table US.WA024: Steel Products Imports: Carbon Steel Product: By Country: Value.

United States Carbon Steel Product Imports: North America: Mexico data was reported at 137,385.000 USD th in Jun 2018. This records a decrease from the previous number of 218,907.000 USD th for May 2018. United States Carbon Steel Product Imports: North America: Mexico data is updated monthly, averaging 131,372.000 USD th from Jan 2000 to Jun 2018, with 222 observations. The data reached an all-time high of 341,072.000 USD th in Oct 2008 and a record low of 31,350.000 USD th in Jan 2002. United States Carbon Steel Product Imports: North America: Mexico data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s USA – Table US.WA024: Steel Products Imports: Carbon Steel Product: By Country: Value.

United States - Producer Price Index by Industry: Steel Foundries, Except Investment: Carbon Steel Castings, Except Investment was 305.04100 Index Jun 1981=100 in February of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Steel Foundries, Except Investment: Carbon Steel Castings, Except Investment reached a record high of 311.75800 in May of 2024 and a record low of 100.00000 in June of 1981. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Steel Foundries, Except Investment: Carbon Steel Castings, Except Investment - last updated from the United States Federal Reserve on March of 2025.