Steel rose to 3,043 CNY/T on October 21, 2025, up 0.50% from the previous day. Over the past month, Steel's price has fallen 1.68%, and is down 5.96% 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 October of 2025.

HRC Steel fell to 811.05 USD/T on October 21, 2025, down 0.12% from the previous day. Over the past month, HRC Steel's price has fallen 2.17%, but it is still 15.04% 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.

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.

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 Aug 2025 about steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

Metal and Steel Price: Delhi: Cold Rolled Coils 0.63 mm data was reported at 68,640.000 INR/Metric Ton in Apr 2025. This records an increase from the previous number of 67,460.000 INR/Metric Ton for Mar 2025. Metal and Steel Price: Delhi: Cold Rolled Coils 0.63 mm data is updated monthly, averaging 48,792.000 INR/Metric Ton from Aug 2003 (Median) to Apr 2025, with 257 observations. The data reached an all-time high of 96,760.000 INR/Metric Ton in Apr 2022 and a record low of 25,300.000 INR/Metric Ton in Oct 2003. Metal and Steel Price: Delhi: Cold Rolled Coils 0.63 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.WAC008: Metal and Steel Retail Prices: New Delhi: Monthly.

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.

Metal and Steel Price: Delhi: Cold Rolled Coils 1.00 mm data was reported at 67,850.000 INR/Metric Ton in Apr 2025. This records an increase from the previous number of 66,080.000 INR/Metric Ton for Mar 2025. Metal and Steel Price: Delhi: Cold Rolled Coils 1.00 mm data is updated monthly, averaging 48,690.000 INR/Metric Ton from Aug 2003 (Median) to Apr 2025, with 257 observations. The data reached an all-time high of 94,990.000 INR/Metric Ton in Apr 2022 and a record low of 24,300.000 INR/Metric Ton in Oct 2003. Metal and Steel Price: Delhi: Cold Rolled Coils 1.00 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.WAC008: Metal and Steel Retail Prices: New Delhi: Monthly.

The steel rebar prices in the United States for Q3 2024 reached 860 USD/MT in September. The region experienced notable price drops amid declining demand and excess supply. Prices consistently trended downward, with a minor decrease at the end of the quarter. This persistent bearish sentiment highlighted ongoing challenges in stabilizing the market as excess supply continued to weigh heavily on pricing dynamics.

LME Index rose to 4,515.40 Index Points on October 20, 2025, up 0.67% from the previous day. Over the past month, LME Index's price has risen 5.68%, and is up 8.29% 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 October of 2025.

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).

Graph and download economic data for Global price of Metal index (PMETAINDEXM) from Jan 1992 to Jun 2025 about metals, World, indexes, and price.

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

Aluminum rose to 2,781.20 USD/T on October 21, 2025, up 0.27% from the previous day. Over the past month, Aluminum's price has risen 4.94%, and is up 5.39% 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 October of 2025.

Hot Rolled Steel Sheet Market Outlook

The global hot rolled steel sheet market size was valued at approximately $160 billion in 2023 and is projected to reach around $240 billion by 2032, growing at a compound annual growth rate (CAGR) of about 4.5% over the forecast period. Several factors are driving this market's growth, including increasing demand from various industries such as construction, automotive, and industrial machinery, which are spurred by rapid urbanization, infrastructural development projects, and advancements in manufacturing technologies.

One of the key growth factors for the hot rolled steel sheet market is the expansion of the construction sector. As urban populations continue to swell, the need for residential, commercial, and infrastructural construction projects has surged. Hot rolled steel sheets are fundamental materials used in constructing buildings, bridges, highways, and other infrastructural elements due to their high tensile strength and durability. Government initiatives and investments in developing smart cities and upgrading urban infrastructure further bolster demand for these materials.

Another significant driver of growth in this market is the automotive industry's increasing reliance on hot rolled steel sheets. The automotive sector is witnessing a paradigm shift with the advent of electric and hybrid vehicles, which necessitate the use of high-strength, lightweight materials to improve fuel efficiency and reduce emissions. Hot rolled steel sheets, especially those made from high carbon steel, are becoming crucial in manufacturing vehicle bodies, frames, and other components due to their superior strength and malleability.

Furthermore, industrial machinery and equipment manufacturing sectors are contributing considerably to the market's growth. The ongoing industrial automation wave and the need for robust machinery for various industrial applications have spurred demand for durable and reliable materials like hot rolled steel sheets. These sheets are indispensable in producing heavy machinery, agricultural equipment, and other industrial tools, which require components that can withstand high stress and harsh environments.

Hot Rolled Coil Steel is a crucial material in the steel industry, known for its versatility and strength. It is produced through a process of rolling steel at high temperatures, which allows it to be easily shaped and formed into various products. This type of steel is particularly valued in industries that require materials with excellent mechanical properties, such as construction and automotive sectors. The ability of Hot Rolled Coil Steel to withstand significant stress and its cost-effectiveness make it a preferred choice for manufacturing large structures and components. Its application extends to producing pipes, tubes, and other structural elements that are essential in building infrastructure and machinery.

Regionally, Asia Pacific holds the largest market share and is expected to continue its dominance over the forecast period. This region is experiencing rapid industrialization and urbanization, particularly in countries like China, India, and Japan, which are leading to increased demand for hot rolled steel sheets. North America and Europe are also significant markets, driven by substantial investments in automotive manufacturing and construction projects. Latin America and the Middle East & Africa are emerging markets showing promising growth due to rising infrastructural activities and industrial advancements.

Product Type Analysis

The hot rolled steel sheet market is segmented by product type into low carbon steel, medium carbon steel, and high carbon steel. Low carbon steel is a dominant segment, well-regarded for its excellent ductility and malleability, making it suitable for a wide range of applications, from construction to automotive manufacturing. Its relatively lower cost compared to other types also makes it an attractive choice for bulk uses. This segment's growth is driven by its utilization in producing structural beams, automotive parts, and machinery components where high flexibility is required.

Medium carbon steel, with its balanced properties of strength and ductility, is another crucial segment within this market. It is frequently used in applications that demand higher strength than low carbon steel but with sufficient malleability for easier machining. Industries such as construc

Explore the factors influencing the 2023 pricing of 10 mm sheet steel, including raw material costs, geopolitical events, and industry demand. Learn how regional differences, economic conditions, and trade policies impact steel prices, and discover strategies for making informed purchasing decisions in a volatile market.

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.

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).

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

Explore the factors influencing steel sheet prices, from raw material costs to global demand and geopolitical situations. Learn how industry needs, trade policies, and regional differences impact current pricing, with average costs ranging from $700 to $1,200 per metric ton.

Gold and silver prices increased over the course of 2021, but these did not grow as fast as the prices of iridium and, especially, rhodium. According to a comparison of price indices, the price for rhodium - a precious metal similar to platinum and used especially in catalytic converters of cars - was ten times higher in April 2021 than it was in January 2019. The price hike for rhodium was apparently caused by coronavirus-related lockdowns implemented in South Africa, where mining companies had to close for several weeks.