Facebook
TwitterAttribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
Steel rose to 3,117 CNY/T on December 2, 2025, up 0.23% from the previous day. Over the past month, Steel's price has risen 1.30%, but it is still 7.09% lower than a year ago, 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 December of 2025.
Facebook
Twitterhttps://www.focus-economics.com/terms-and-conditions/https://www.focus-economics.com/terms-and-conditions/
Monthly and long-term steel (usa) price data (US$/mt): historical series and analyst forecasts curated by FocusEconomics.
Facebook
TwitterAttribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
HRC Steel fell to 891.06 USD/T on December 2, 2025, down 0.88% from the previous day. Over the past month, HRC Steel's price has risen 5.08%, and is up 29.14% compared to the same time last year, 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.
Facebook
Twitterhttps://www.technavio.com/content/privacy-noticehttps://www.technavio.com/content/privacy-notice
Iron and Steel Market Size 2024-2028
The iron and steel market size is forecast to increase by USD 478.1 billion, at a CAGR of 5.65% between 2023 and 2028.
The market is experiencing significant growth, driven by the increasing consumption of high-strength stainless steel. This trend is fueled by the expanding infrastructure sector, particularly in emerging economies, and the growing demand for stainless steel in various end-use industries such as construction, automotive, and packaging. Furthermore, the rising popularity of stainless steel scrap as a cost-effective alternative to primary steel production is contributing to market expansion. However, the market faces challenges as well. Carbon fiber is increasingly gaining traction in the automotive industry, posing a threat to the demand for steel and stainless steel.
This shift is due to the lightweight and high-strength properties of carbon fiber, making it an attractive alternative for manufacturers seeking to reduce vehicle weight and improve fuel efficiency. Companies in the iron and steel industry must adapt to this trend by focusing on innovation and developing new applications for steel and stainless steel that offer superior performance or cost advantages over carbon fiber. Additionally, ensuring sustainable production methods and addressing environmental concerns will be crucial in maintaining market competitiveness and addressing regulatory pressures.
What will be the Size of the Iron and Steel Market during the forecast period?
Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
Request Free Sample
The market continues to evolve, driven by advancements in steel production technologies and the diverse applications of various steel types across numerous sectors. High-strength low-alloy steel, for instance, is increasingly sought after for its enhanced yield strength and hardness, making it suitable for use in automotive and construction industries. Impact testing and hardness testing are crucial in ensuring the quality and durability of these high-performance steels. Stainless steel, with its excellent corrosion resistance, is another key player in the market. The production of stainless steel involves processes such as pig iron production, coke making, and sintering, followed by electric arc furnace melting and continuous casting.
The industry anticipates a steady growth of around 4% annually, fueled by increasing demand from sectors like aerospace and healthcare. An example of this market's continuous dynamism can be seen in the implementation of advanced high-strength steel in the automotive industry. A major automaker reported a 15% increase in fuel efficiency by using this steel in vehicle production. The steel's superior properties, such as increased tensile strength and fatigue resistance, contribute to the overall improvement in vehicle performance and sustainability. Quality control systems, steel scrap recycling, and steel microstructure analysis are essential components of the steel manufacturing process.
They ensure the consistent production of steel grades that meet specific customer requirements. The integration of coating lines and galvanizing lines further enhances the versatility of steel products. Alloy steel and carbon steel undergo various processes, including blast furnace operation, basic oxygen furnace, hot rolling mill, and cold rolling mill, to achieve their desired properties. Heat treatment and pickling line processes further refine these steels for specific applications. The ongoing innovation in steelmaking technologies, such as secondary steelmaking and yield optimization techniques, continues to shape the market landscape.
How is this Iron and Steel Industry segmented?
The iron and steel industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
End-user
Construction
Machinery
Transportation
Metal goods
Others
Type
Steel
Iron
Geography
North America
US
Europe
Russia
APAC
China
India
Japan
Rest of World (ROW)
By End-user Insights
The construction segment is estimated to witness significant growth during the forecast period.
The market is a critical sector in the construction industry, supplying essential components for structural integrity, durability, and versatility. High-strength low-alloy steel, for instance, undergoes impact testing and hardness testing to ensure its robustness in various applications. Stainless steel, another key player, offers corrosion resistance and is extensively used in galvanizing lines and coating lines. Pig iron production and coke making are fundamental processes in steelmaking, wh
Facebook
TwitterThis statistic shows steel scrap prices worldwide between the 2013 and 2016 calendar years, and gives a forecast through 2021. In 2018, it is expected that the price of steel scrap will come to around *** U.S. dollars per metric ton.
Facebook
TwitterAttribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
In 2024, the Ethiopian steel and iron articles market was finally on the rise to reach $19M after three years of decline. Overall, consumption, however, saw notable growth. Steel and iron articles consumption peaked at $61M in 2017; however, from 2018 to 2024, consumption remained at a lower figure.
Facebook
TwitterAfter 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.
Facebook
TwitterAttribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
United States Import Price Index: BM: Iron and Steel data was reported at 230.800 2000=100 in Jun 2018. This records a decrease from the previous number of 231.400 2000=100 for May 2018. United States Import Price Index: BM: Iron and Steel data is updated monthly, averaging 166.900 2000=100 from Dec 1993 (Median) to Jun 2018, with 295 observations. The data reached an all-time high of 314.600 2000=100 in Jul 2008 and a record low of 88.900 2000=100 in Jan 2002. United States Import Price Index: BM: Iron and Steel data remains active status in CEIC and is reported by Bureau of Labor Statistics. The data is categorized under Global Database’s USA – Table US.I030: Import and Export Price Index: 2000=100: By Harmonized Index.
Facebook
Twitterhttps://www.technavio.com/content/privacy-noticehttps://www.technavio.com/content/privacy-notice
Structural Steel Market Size 2024-2028
The structural steel market size is forecast to increase by USD 30.56 billion at a CAGR of 4.9% between 2023 and 2028.
The market is experiencing significant growth due to the increasing demand for housing and the construction of green buildings in various regions. Structural steel, as a sustainable and eco-friendly construction material, is gaining popularity in the development of LEED-certified buildings and high-rise structures. The market is driven by the rising production of steel in developing countries and the inorganic growth strategies adopted by key players. However, stringent regulations regarding the use of structural steel in construction projects pose a challenge to market growth. The trend toward green building construction and the increasing number of high-rise buildings are expected to fuel the demand for structural steel in the coming years. As a result, the market is anticipated to witness steady growth, providing opportunities for companies to expand their customer base and increase their market share. Key players in the market are focusing on strategic collaborations and product innovations to meet the evolving needs of their customers and stay competitive.
What will be the Size of the Market During the Forecast Period?
Request Free Sample
The market is experiencing significant growth due to various factors, with a focus on energy conservation, waste reduction, and sustainable practices becoming increasingly prominent. These trends are driven by the need to minimize carbon emissions, reduce deforestation, and promote eco-friendly products in both residential and non-residential applications. In the residential sector, the demand for green building construction is on the rise. Structural steel's high strength-to-weight ratio makes it an ideal choice for constructing energy-efficient and eco-friendly houses. Additionally, the use of steel in modular construction reduces the amount of raw materials required and minimizes waste. Stainless steel, a type of structural steel, is gaining popularity due to its durability and recyclability. It is widely used in high-rise buildings and industrial applications, where strength and longevity are essential. The non-residential sector, particularly in the construction of LEED-certified buildings, is a significant consumer of structural steel. Eco-friendly steel, produced using computer-aided design (CAD), is becoming increasingly popular due to its reduced carbon footprint. This steel is manufactured using recycled raw materials, such as scrap metal, and produces fewer emissions during production compared to traditional steel.
Furthermore, the use of structural steel in green buildings not only helps in energy conservation but also contributes to improved housing conditions. Green buildings, which are designed to minimize the overall impact on the environment, are becoming a preferred choice for both residential and non-residential applications. The structural steel market is also witnessing a shift towards the use of lighter sectional steel, such as steel angles, in place of heavier alternatives. This trend is driven by the need to reduce the overall weight of structures, which in turn leads to lower transportation costs and reduced carbon emissions. In conclusion, the structural steel market is witnessing a significant shift towards eco-friendly and sustainable practices. The use of structural steel in energy-efficient and green buildings, along with the production of eco-friendly steel, is expected to drive the market's growth in the coming years. The demand for structural steel in both residential and non-residential applications, particularly in the industrial sector, is expected to remain strong due to its strength, durability, and recyclability
How is this market segmented and which is the largest segment?
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Product
Beams
Angles
Channels
Round
Others
End-user
Non-residential
Residential
Geography
APAC
China
India
Japan
South Korea
Europe
Germany
UK
France
North America
US
Middle East and Africa
South America
Brazil
By Product Insights
The beams segment is estimated to witness significant growth during the forecast period.
The market holds significance in the construction sector due to its superior strength-to-weight ratio, making it an ideal choice for various infrastructure projects. A notable development occurred in the new terminal, encompassing 1.0 million square feet, which is being constructed in two phases. The first phase, which involves the building of the arrivals and departures ha
Facebook
Twitterhttps://www.technavio.com/content/privacy-noticehttps://www.technavio.com/content/privacy-notice
Stainless Steel 400 Series Market Size 2024-2028
The stainless steel 400 series market size is forecast to increase by USD 11.49 billion at a CAGR of 6.67% between 2023 and 2028.
The market is experiencing significant growth due to several key factors. The economic expansion in China and India is driving demand for this type of stainless steel, as it is widely used in various industries In these countries. Additionally, the increased penetration of the stainless steel 400 series in industrial applications, such as chemical processing and power generation, is contributing to market growth. The market is seeing increased demand due to its use in cladding applications, offering a combination of strength, corrosion resistance, and aesthetic appeal for various architectural and industrial projects. However, the market is also facing challenges, including the volatility of raw material prices, which can impact the cost-effectiveness of producing and using the stainless steel 400 series. Producers must carefully manage their supply chains and production costs to remain competitive In the market. Overall, the market is expected to continue growing due to its versatility, durability, and increasing demand from various end-use industries.
What will be the Size of the Stainless Steel 400 Series Market During the Forecast Period?
Request Free Sample
The market encompasses a diverse range of corrosion-resistant alloys, primarily composed of iron, chromium, nickel, molybdenum, and other elements. These alloys, including 304 and 316 stainless steels, are renowned for their strength, durability, and resistance to various environmental conditions. The market for Stainless Steel 400 series alloys serves numerous industries, including consumer goods, such as cutlery and kitchen appliances, automotive components, industrial equipment, construction, and architectural applications. Applications span from handrails and drainage systems to roofing and cladding, reflecting the versatility of these materials. The market has experienced steady growth, driven by increasing demand for sustainable and long-lasting materials in various sectors.
Raw material prices, particularly chromium and nickel, have influenced market dynamics, but the overall trend remains positive. As the demand for stainless steel continues to grow, its usage extends beyond traditional industries to emerging sectors like renewable energy and electric vehicles. The market is expected to maintain its momentum, offering significant opportunities for manufacturers and end-users alike.
How is this Stainless Steel 400 Series Industry segmented and which is the largest segment?
The industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
End-user
Consumer goods
Mechanical engineering and heavy industries
Automotive and transportation
Building and construction
Others
Product Type
Plate and sheet
Bar and tubular
Structural
Geography
APAC
China
India
Japan
South Korea
Europe
North America
US
Middle East and Africa
South America
By End-user Insights
The consumer goods segment is estimated to witness significant growth during the forecast period.
The market encompasses a diverse range of materials, primarily composed of iron, chromium, and nickel. These corrosion-resistant alloys are widely used in various industries, including consumer goods, automotive components, industrial equipment, construction, and architectural cladding. The 400 series stainless steels, specifically 304 and 316, offer superior corrosion resistance and are commonly utilized in cookware, kitchen sinks, ornamental items, automotive parts, consumer electronics, and building and construction. The cost-effectiveness, high strength, and durability of the 400 series stainless steels make them an attractive choice for manufacturers. These alloys are fabricated using advanced refining methods, such as vacuum induction melting, electro slag refining, and computational modeling, ensuring consistent alloy compositions.
Molybdenum additions enhance the corrosion resistance of these alloys, making them suitable for demanding applications. The 400 series stainless steels cater to various industries, including automotive and transportation, mechanical engineering, heavy industries, aerospace, and home components. In export-oriented economies, the demand for these alloys is significant due to their versatility and superior performance. The market is expected to grow due to its extensive applications and the increasing demand for high-performance materials.
Get a glance at the market report of share of various segments Request Free Sample
The Consumer goods segment was value
Facebook
TwitterAttribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
The global rare earth metal market reduced modestly to $6.9B in 2024, falling by -3% against the previous year. Overall, the total consumption indicated a perceptible expansion from 2012 to 2024: its value increased at an average annual rate of +2.1% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -1.6% against 2021 indices.
Facebook
TwitterAttribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
The Ethiopian market for slabs, billets and blooms of iron and steel soared to $57M in 2024, picking up by 54% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a buoyant expansion. Consumption of peaked at $139M in 2017; however, from 2018 to 2024, consumption stood at a somewhat lower figure.
Facebook
Twitterhttps://www.technavio.com/content/privacy-noticehttps://www.technavio.com/content/privacy-notice
Electrical Steel Market Size 2024-2028
The electrical steel market size is valued to increase USD 24.25 billion, at a CAGR of 11.29% from 2023 to 2028. Increasing demand for electrical steel in automotive industry will drive the electrical steel market.
Major Market Trends & Insights
APAC dominated the market and accounted for a 77% growth during the forecast period.
By Type - Grain oriented electrical steel segment was valued at USD 18.88 billion in 2022
By End-user - Automobiles segment accounted for the largest market revenue share in 2022
Market Size & Forecast
CAGR : 11.29%
APAC: Largest market in 2022
Market Summary
The market encompasses the production and distribution of steel specifically designed for use in electrical applications. This sector is witnessing significant growth, driven by the increasing demand for electrical steel in core industries such as automotive and power generation. For instance, the automotive industry's shift towards electric vehicles is fueling the demand for high-performance electrical steel. Moreover, companies are expanding their production capacity to meet this escalating demand. However, the market faces challenges such as excess production capacity in steel manufacturing plants, which may lead to price fluctuations.
Despite these challenges, opportunities abound, particularly in the development of advanced electrical steel grades and the integration of digital technologies to enhance production efficiency. According to a recent study, the market is expected to account for over 20% of the total steel demand by 2025.
What will be the Size of the Electrical Steel Market during the forecast period?
Get Key Insights on Market Forecast (PDF) Request Free Sample
How is the Electrical Steel Market Segmented and what are the key trends of market segmentation?
The electrical steel industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Type
Grain oriented electrical steel
Non-grain oriented electrical steel
End-user
Automobiles
Manufacturing
Energy generation
Geography
North America
US
Europe
Russia
APAC
China
India
Japan
Rest of World (ROW)
By Type Insights
The grain oriented electrical steel segment is estimated to witness significant growth during the forecast period.
Grain-oriented electrical steel, a specialized type of electrical steel, is gaining significant traction in the electrical and automotive industries due to its superior magnetic properties. The market for this material is experiencing notable growth, with a current adoption rate of approximately 12% in transformer applications and a projected expansion of around 15% in the electric vehicle sector. The primary reasons behind this upward trend include the increasing demand for energy-efficient electric motors and transformers, as well as the growing production of electric and hybrid vehicles. Grain-oriented electrical steel's unique features, such as low core losses and high magnetic permeability, contribute to improved efficiency in electromagnetic applications.
Request Free Sample
The Grain oriented electrical steel segment was valued at USD 18.88 billion in 2018 and showed a gradual increase during the forecast period.
The manufacturing process for this steel involves aligning the crystal orientation of the grains, ensuring optimal performance in transformers and electric motors. The magnetic properties of grain-oriented electrical steel are further enhanced through various annealing processes, heat treatments, and surface coating methods. Moreover, the evolving market landscape is witnessing a shift towards high-frequency applications, which require magnetic materials with high magnetic flux density and magnetic field intensity to minimize eddy current losses and magnetostriction effects. As a result, the demand for magnetic anisotropy, lamination stacking factors, and magnetic hysteresis loops is on the rise. In conclusion, the market for grain-oriented electrical steel is witnessing continuous growth, driven by the increasing demand for energy-efficient electromagnetic applications in various sectors.
The ongoing advancements in manufacturing processes, heat treatments, and surface coating methods are further enhancing the material's magnetic properties, making it an indispensable component in the electrical and automotive industries.
Request Free Sample
Regional Analysis
APAC is estimated to contribute 77% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
See How Electrical Steel Market Demand
Facebook
Twitterhttps://dataintelo.com/privacy-and-policyhttps://dataintelo.com/privacy-and-policy
The global market size of Metal is $XX million in 2018 with XX CAGR from 2014 to 2018, and it is expected to reach $XX million by the end of 2024 with a CAGR of XX% from 2019 to 2024.
Global Metal Market Report 2019 - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Metal industry. The key insights of the report:
1.The report provides key statistics on the market status of the Metal manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
2.The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
3.The report presents the company profile, product specifications, capacity, production value, and 2013-2018 market shares for key vendors.
4.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
5.The report estimates 2019-2024 market development trends of Metal industry.
6.Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
7.The report makes some important proposals for a new project of Metal Industry before evaluating its feasibility.
There are 4 key segments covered in this report: competitor segment, product type segment, end use/application segment and geography segment.
For competitor segment, the report includes global key players of Metal as well as some small players.
The information for each competitor includes:
* Company Profile
* Main Business Information
* SWOT Analysis
* Sales, Revenue, Price and Gross Margin
* Market Share
For product type segment, this report listed main product type of Metal market
* Product Type I
* Product Type II
* Product Type III
For end use/application segment, this report focuses on the status and outlook for key applications. End users sre also listed.
* Application I
* Application II
* Application III
For geography segment, regional supply, application-wise and type-wise demand, major players, price is presented from 2013 to 2023. This report covers following regions:
* North America
* South America
* Asia & Pacific
* Europe
* MEA (Middle East and Africa)
The key countries in each region are taken into consideration as well, such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.
Reasons to Purchase this Report:
* Analyzing the outlook of the market with the recent trends and SWOT analysis
* Market dynamics scenario, along with growth opportunities of the market in the years to come
* Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
* Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
* Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
* Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
* Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
* 1-year analyst support, along with the data support in excel format.
We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.
Facebook
Twitterhttps://www.technavio.com/content/privacy-noticehttps://www.technavio.com/content/privacy-notice
Advanced High Strength Steel Market Size 2024-2028
The advanced high strength steel market size is forecast to increase by USD 16.18 billion at a CAGR of 12.09% between 2023 and 2028. The market is experiencing significant growth, driven primarily by the increasing demand for AHSS in the automotive production sector. According to the International Trade Administration, prominent automakers are investing heavily in greenfield projects to expand their production capacity of AHSS. Mechanical properties such as high strength, formability, and lightweight characteristics make AHSS an ideal choice for automotive manufacturers to reduce vehicle weight and improve fuel efficiency. However, the market faces challenges due to the volatile prices of raw materials, particularly iron ore, which can impact the profitability of AHSS producers. The wind energy sector is another emerging application area for AHSS, offering potential growth opportunities. Despite these challenges, the market is expected to continue its upward trajectory, driven by the growing demand for lightweight and fuel-efficient vehicles.
Request Free Sample
Advanced High-Strength Steels (AHSS) have gained significant attention in various industries due to their superior mechanical properties and weight-reduction capabilities. These steels offer enhanced yield strength and tensile strength, making them ideal for use in lightweight structures, such as rail coach building and automotive parts. The environmental benefits of AHSS are noteworthy, as they contribute to reducing carbon emissions during production and use. Green field investments in advanced high strength steels (AHSS) are crucial for meeting the increasing demand from electric and hybrid vehicles, as companies like Continental Automotive focus on developing third generation steel and aluminum with superior ductility properties and minimum tensile strength. Understanding the nomenclature consideration considerations and each grade's minimum yield strength is essential for ensuring compliance with AHSS specifications and identifying investment pockets in the market. In the construction sector, AHSS is used in active structures, solar heating systems, and roofing systems, leading to energy savings and reduced environmental impact. The steel industry has seen a shift towards third-generation steels, which offer improved mechanical properties and reduced weight.
Furthermore, raw materials, including iron ore prices, play a crucial role in the production of High strength low alloy steels . Regulations governing steel industry emissions continue to evolve, further driving the demand for lightweight and strong AHSS. AHSS grades are used extensively in the automotive industry for manufacturing lightweight components, leading to fuel efficiency and reduced carbon emissions. In the maritime sector, vessel manufacturers use AHSS for building lightweight and strong vessels, ensuring safety and efficiency. Solar panels and other renewable energy systems also benefit from the use of AHSS, as they require lightweight yet strong materials for their construction. Overall, the market for advanced high-strength steels is expected to grow significantly due to their environmental benefits, improved mechanical properties, and weight reduction capabilities.
Market Segmentation
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD Billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Grade Type
Dual phase
Complex phase
Transformation-induced plasticity
Others
End-user
Automobile
Construction
Aviation and marine
Others
Geography
APAC
China
India
Japan
North America
US
Europe
Germany
South America
Middle East and Africa
By Grade Type Insights
The dual phase segment is estimated to witness significant growth during the forecast period. It is a class of materials that includes dual-phase (DP steels). Low- to medium-carbon having between 5% and 50% volume fractional martensitic islands that are scattered across a soft ferrite matrix is known as ferrite-martensite dual-phase. There may also be bainite and retained austenite components in addition to martensite; these are typically formed when greater edge stretch formability is sought. Dual-phase has a wide range of strength and ductility due to these changes in microstructure. It is well known to have a high energy absorption capacity. These features make it extremely desirable for automotive applications, especially when combined with a cheap production cost.
Furthermore, It has a high-strain redistribution capacity due to its high-strain hardenability. This translates to better drivability and mechanical qualities (yield strengths) of the completed item that are higher than the blank.
Facebook
TwitterAttribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
Indonesia Wholesale Price Index: Manufacturing: Metal Iron & Steel: Rectangular Shaped Steel (Slab Steel) data was reported at 134.780 2010=100 in Dec 2018. This records an increase from the previous number of 134.400 2010=100 for Nov 2018. Indonesia Wholesale Price Index: Manufacturing: Metal Iron & Steel: Rectangular Shaped Steel (Slab Steel) data is updated monthly, averaging 110.425 2010=100 from Jan 2013 (Median) to Dec 2018, with 72 observations. The data reached an all-time high of 134.780 2010=100 in Dec 2018 and a record low of 104.040 2010=100 in Jun 2013. Indonesia Wholesale Price Index: Manufacturing: Metal Iron & Steel: Rectangular Shaped Steel (Slab Steel) data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Indonesia Premium Database’s Inflation – Table ID.IB004: Wholesale Price Index: by Sector: Manufacturing.
Facebook
TwitterAttribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
LME Index rose to 4,700 Index Points on October 29, 2025, up 0.79% from the previous day. Over the past month, LME Index's price has risen 7.33%, and is up 13.22% 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 December of 2025.
Facebook
TwitterAttribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
Aluminum fell to 2,884.05 USD/T on December 2, 2025, down 0.29% from the previous day. Over the past month, Aluminum's price has fallen 0.99%, but it is still 10.42% 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 December of 2025.
Facebook
TwitterAttribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
Indonesia Wholesale Price Index: Manufacturing: Metal Iron & Steel: Sheet Iron data was reported at 129.350 2010=100 in Dec 2018. This records an increase from the previous number of 129.130 2010=100 for Nov 2018. Indonesia Wholesale Price Index: Manufacturing: Metal Iron & Steel: Sheet Iron data is updated monthly, averaging 109.150 2010=100 from Jan 2013 (Median) to Dec 2018, with 72 observations. The data reached an all-time high of 129.350 2010=100 in Dec 2018 and a record low of 101.270 2010=100 in Jan 2013. Indonesia Wholesale Price Index: Manufacturing: Metal Iron & Steel: Sheet Iron data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Indonesia Premium Database’s Inflation – Table ID.IB004: Wholesale Price Index: by Sector: Manufacturing.
Facebook
TwitterAttribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
In 2024, the Ethiopian flat-rolled steel products market increased by 60% to $2.7M for the first time since 2021, thus ending a two-year declining trend. In general, consumption, however, continues to indicate a abrupt contraction. Flat-rolled steel products consumption peaked at $40M in 2017; however, from 2018 to 2024, consumption failed to regain momentum.
Facebook
TwitterAttribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
Steel rose to 3,117 CNY/T on December 2, 2025, up 0.23% from the previous day. Over the past month, Steel's price has risen 1.30%, but it is still 7.09% lower than a year ago, 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 December of 2025.