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 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.

Metal and Steel Price: Delhi: Cold Rolled Coils 1.00 mm data was reported at 64,550.000 INR/Metric Ton in Feb 2025. This records a decrease from the previous number of 69,330.000 INR/Metric Ton for Jan 2025. Metal and Steel Price: Delhi: Cold Rolled Coils 1.00 mm data is updated monthly, averaging 48,610.000 INR/Metric Ton from Aug 2003 (Median) to Feb 2025, with 255 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.

HRC Steel increased 180.96 USD/T or 25.52% since the beginning of 2025, 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.

The electrical steel prices in the United States for Q3 2024 reached 5895 USD/MT in September. The prices of electrical steel in the country exhibited a sustained upward trajectory throughout Q3, reflecting a favorable market environment. Year-over-year price growth highlighted this positive momentum, with prices increasing in the second half of Q3 in comparison to the first.

Metal and Steel Price: Delhi: Sponge Iron Coal Based data was reported at 36,110.000 INR/Metric Ton in Feb 2025. This records an increase from the previous number of 35,990.000 INR/Metric Ton for Jan 2025. Metal and Steel Price: Delhi: Sponge Iron Coal Based data is updated monthly, averaging 23,675.000 INR/Metric Ton from Aug 2003 (Median) to Feb 2025, with 254 observations. The data reached an all-time high of 52,746.000 INR/Metric Ton in Mar 2022 and a record low of 10,500.000 INR/Metric Ton in Sep 2003. Metal and Steel Price: Delhi: Sponge Iron Coal Based 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 Wholesale Price Index of semi finished stainless steel across India during financial year 2024 was around 136. The price index of stainless steel increased by about 36 percent from the base financial year of 2012. A huge increase in the index value of the stainless steel was seen in 2022.

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.

Get the latest insights on price movement and trend analysis of Stainless Steel (304) in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Metal and Steel Price: Chennai: Plates 6 mm data was reported at 57,860.000 INR/Metric Ton in Feb 2025. This stayed constant from the previous number of 57,860.000 INR/Metric Ton for Jan 2025. Metal and Steel Price: Chennai: Plates 6 mm data is updated monthly, averaging 44,590.000 INR/Metric Ton from Aug 2003 (Median) to Feb 2025, with 255 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.

Metal and Steel Price: Chennai: Channels 150x75 mm data was reported at 60,300.000 INR/Metric Ton in Feb 2025. This stayed constant from the previous number of 60,300.000 INR/Metric Ton for Jan 2025. Metal and Steel Price: Chennai: Channels 150x75 mm data is updated monthly, averaging 42,348.000 INR/Metric Ton from Aug 2003 (Median) to Feb 2025, with 255 observations. The data reached an all-time high of 81,190.000 INR/Metric Ton in Apr 2022 and a record low of 20,000.000 INR/Metric Ton in Oct 2003. Metal and Steel Price: Chennai: Channels 150x75 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.

At the end of fiscal year 2024, the Wholesale Price Index of steel pipes and tubes across India was 138. This meant an increase in the WPI of 38 percent from the base year of 2012. India was the second largest steel producer in the world during the same period, just after China.

In 2023, the price of fabricated structural steel in the United Kingdom has fallen by over 20 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 52.6 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 seven 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, nine of the 15 companies with the highest output of steel came from China, with the rest coming from Luxembourg, Japan, South Korea, India, and the U.S.

Steel Prices: Delhi: Mahipalpur Market: Angle Iron: 75x75x6 data was reported at 38,000.000 INR/Metric Ton in Dec 2015. This records a decrease from the previous number of 40,000.000 INR/Metric Ton for Sep 2015. Steel Prices: Delhi: Mahipalpur Market: Angle Iron: 75x75x6 data is updated quarterly, averaging 42,500.000 INR/Metric Ton from Mar 2014 (Median) to Dec 2015, with 7 observations. The data reached an all-time high of 44,000.000 INR/Metric Ton in Sep 2014 and a record low of 38,000.000 INR/Metric Ton in Dec 2015. Steel Prices: Delhi: Mahipalpur Market: Angle Iron: 75x75x6 data remains active status in CEIC and is reported by Directorate of Economics and Statistics, Government of NCT of Delhi. The data is categorized under India Premium Database’s Metal and Steel Sector – Table IN.WAC014: Steel Prices: NCT of Delhi: Mahipalpur Market (Discontinued).

In financial year 2024, the annual growth rate of finished steel consumption in India was estimated at nine percent. It was a decrease in comparison to 2023's 13.3 percent growth rate. In 2023, the consumption of finished steel in India was at 120 million metric tons.

Iron Ore decreased 1.36 USD/MT or 1.31% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Iron Ore - values, historical data, forecasts and news - updated on March of 2025.

At the end of fiscal year 2024, the Wholesale Price Index of metal products across India was around 139. This meant an increase in the WPI of more than 39 percent from the base year of 2012. An overall increase in the price index value was noted over the years from financial year 2013 in the country.

After two years of decline, the Indian flat-rolled steel products market increased by 5.1% to $473M in 2024. Overall, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $526M. From 2015 to 2024, the growth of the market failed to regain momentum.

Steel Prices: Delhi: Kalkaji Market: Mild Steel Sheets Galvanised Plain: 1.25 mm Thickness data was reported at 52,000.000 INR/Metric Ton in Jun 2016. This stayed constant from the previous number of 52,000.000 INR/Metric Ton for Mar 2016. Steel Prices: Delhi: Kalkaji Market: Mild Steel Sheets Galvanised Plain: 1.25 mm Thickness data is updated quarterly, averaging 52,000.000 INR/Metric Ton from Mar 2014 (Median) to Jun 2016, with 6 observations. The data reached an all-time high of 62,000.000 INR/Metric Ton in Jun 2014 and a record low of 47,000.000 INR/Metric Ton in Dec 2015. Steel Prices: Delhi: Kalkaji Market: Mild Steel Sheets Galvanised Plain: 1.25 mm Thickness data remains active status in CEIC and is reported by Directorate of Economics and Statistics, Government of NCT of Delhi. The data is categorized under India Premium Database’s Metal and Steel Sector – Table IN.WAC012: Steel Prices: NCT of Delhi: Kalkaji Market (Discontinued).

Steel Prices: Delhi: Kalkaji Market: Girders: 125x75 mm data was reported at 35,000.000 INR/Metric Ton in Jun 2016. This records a decrease from the previous number of 38,000.000 INR/Metric Ton for Mar 2016. Steel Prices: Delhi: Kalkaji Market: Girders: 125x75 mm data is updated quarterly, averaging 43,000.000 INR/Metric Ton from Mar 2014 (Median) to Jun 2016, with 10 observations. The data reached an all-time high of 48,000.000 INR/Metric Ton in Dec 2014 and a record low of 35,000.000 INR/Metric Ton in Jun 2016. Steel Prices: Delhi: Kalkaji Market: Girders: 125x75 mm data remains active status in CEIC and is reported by Directorate of Economics and Statistics, Government of NCT of Delhi. The data is categorized under India Premium Database’s Metal and Steel Sector – Table IN.WAC012: Steel Prices: NCT of Delhi: Kalkaji Market (Discontinued).