Steel fell to 3,188 CNY/T on July 31, 2025, down 1.24% from the previous day. Over the past month, Steel's price has risen 5.21%, and is up 6.27% 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 August of 2025.

This table contains 215 series, with data for years 1956 - 2013 (not all combinations necessarily have data for all years). This table contains data described by the following dimensions (Not all combinations are available): Geography (1 items: Canada ...), Commodities (215 items: Primary metal products; Iron and steel products; Primary steel products; Ferrosilicon ...).

Iron and Steel Price in Canada - 2023. Find the latest marketing data on the IndexBox platform.

HRC Steel rose to 847.04 USD/T on August 1, 2025, up 0.84% from the previous day. Over the past month, HRC Steel's price has fallen 4.29%, but it is still 24.38% 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.

Raw materials price index (RMPI) by North American Product Classification System (NAPCS) 2017 Version 2.0. Monthly data are available from January 1981. The table presents data for the most recent reference period and the last four periods. The base period for the index is (202001=100).

In 2024, the Canadian hot-rolled steel products market decreased by -8.5% to $5.9B, falling for the second consecutive year after two years of growth. In general, consumption, however, continues to indicate a pronounced downturn. Hot-rolled steel products consumption peaked at $7.8B in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.

This table contains 14 series, with data for years 1977 - 1995 (not all combinations necessarily have data for all years), and was last released on 2000-02-18. This table contains data described by the following dimensions (Not all combinations are available): Geography (4 items: Canada; Atlantic provinces and Quebec; Ontario; Prairie provinces and British Columbia ...), Manufacturer-installer selling price indexes (4 items: Field erected fabricated steel; Bulk storage tanks; Buildings; Bridges ...), Index base period (2 items: 1986=100; 1981=100 ...).

Industrial product price index (IPPI), by major product group by North American Product Classification System (NAPCS) 2017 Version 2.0. Monthly data are available from January 1956. The table presents data for the most recent reference period and the last four periods. The base period for the index is (202001=100).

In 2023, after three years of growth, there was decline in shipments abroad of hot-rolled bars in free-cutting steels, when their volume decreased by -1.9% to 25K tons.

Wholesale Prices in Canada increased to 144.10 points in June from 140.30 points in May of 2025. This dataset provides - Canada Raw Materials Prices- actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2025, the price of reinforcment bars of 16 millimeters in Toronto and Vancouver amounted to 2,500 Canadian dollars per tonne. Meanwhile, structural steel universal l beams cost 4,500 Canadian dollars per tonne. The price of these steel building materials were the same in both cities.

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.

Cold-Rolled Steel Products Price in Canada - 2023. Find the latest marketing data on the IndexBox platform.

Canada Commodity Price Index: Metals and Minerals data was reported at 882.930 Jan1972=100 in Apr 2025. This records an increase from the previous number of 876.330 Jan1972=100 for Mar 2025. Canada Commodity Price Index: Metals and Minerals data is updated monthly, averaging 293.930 Jan1972=100 from Jan 1972 (Median) to Apr 2025, with 640 observations. The data reached an all-time high of 1,076.840 Jan1972=100 in Apr 2022 and a record low of 100.000 Jan1972=100 in Jan 1972. Canada Commodity Price Index: Metals and Minerals data remains active status in CEIC and is reported by Bank of Canada. The data is categorized under Global Database’s Canada – Table CA.I025: Commodity Price Index: Jan1972=100: Monthly.

Commodity Price Index: Agriculture data was reported at 320.190 Jan1972=100 in Apr 2025. This records an increase from the previous number of 305.780 Jan1972=100 for Mar 2025. Commodity Price Index: Agriculture data is updated monthly, averaging 182.345 Jan1972=100 from Jan 1972 (Median) to Apr 2025, with 640 observations. The data reached an all-time high of 391.540 Jan1972=100 in May 2022 and a record low of 100.000 Jan1972=100 in Jan 1972. Commodity Price Index: Agriculture data remains active status in CEIC and is reported by Bank of Canada. The data is categorized under Global Database’s Canada – Table CA.I025: Commodity Price Index: Jan1972=100: Monthly.

Metal wholesalers in Canada distribute metal products to a variety of markets that use them as inputs. Three manufacturing subsectors account for the bulk of demand for metals, including machinery, fabricated metal and transportation equipment manufacturers. Despite considerable volatility, demand from these segments is estimated to have risen since 2019. Throughout the period, industry performance has varied in response to fluctuations in the price of steel and iron. Revenue growth has also been influenced by changes in oil and natural gas prices, which impact downstream activity in manufacturing and construction markets. Changes in consumer spending during the COVID-19 pandemic also affected these key markets. Over the past five years, metal wholesaling revenue is estimated to rise at a CAGR of 4.4% to $31.4 billion in 2024, when revenue is forecast to fall by 0.9%. Variations in steel prices have influenced performance through the end of 2024. Global steel overcapacity, alongside falling demand from oil and gas markets during the pandemic, led to sharp declines in prices and volumes. The price environment began to change as the economy began to recover in 2021 when metal prices rose sharply. Cooling economic growth is expected to cause revenue to slightly decline in 2024, though average industry profit is forecast to remain relatively steady. Metal wholesaling revenue is expected to fall at a CAGR of 1.2% to $29.6 billion through the end of 2029. While manufacturing growth will be moderate, iron prices are forecast to decline from recent highs. Iron and steel demand from downstream industries is forecast to remain mixed, helping to partially offset unfavourable price changes. Forecast global economic growth is expected to encourage nonresidential construction activity and consumer spending, further moderating any drop in revenue.

Canada Export Price Index: Customs: sa: FM: Steel Bars, Rods, Plates, Sheets data was reported at 121.900 2002=100 in Aug 2012. This records a decrease from the previous number of 125.600 2002=100 for Jul 2012. Canada Export Price Index: Customs: sa: FM: Steel Bars, Rods, Plates, Sheets data is updated monthly, averaging 117.400 2002=100 from Jan 2002 (Median) to Aug 2012, with 128 observations. The data reached an all-time high of 164.000 2002=100 in Oct 2008 and a record low of 88.800 2002=100 in Nov 2003. Canada Export Price Index: Customs: sa: FM: Steel Bars, Rods, Plates, Sheets data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.I029: Export Price Index: 2002=100.

Canada Raw Materials Price Index: Metal ores, Concentrates & Scrap data was reported at 116.600 2010=100 in Sep 2020. This records a decrease from the previous number of 117.300 2010=100 for Aug 2020. Canada Raw Materials Price Index: Metal ores, Concentrates & Scrap data is updated monthly, averaging 97.700 2010=100 from Jan 2010 (Median) to Sep 2020, with 129 observations. The data reached an all-time high of 121.600 2010=100 in Feb 2011 and a record low of 79.500 2010=100 in Dec 2015. Canada Raw Materials Price Index: Metal ores, Concentrates & Scrap data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.I021: Raw Materials Price Index: 2010=100.

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.

From January to December 2024, iron and steel manufacturing was at their lowest in January and December and fluctuated throughout the year. In July, Canada recorded the highest value of iron and steel mills and ferro-alloy production of more than ************* Canadian dollars.