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Steel rose to 2,962 CNY/T on June 27, 2025, up 0.44% from the previous day. Over the past month, Steel's price has fallen 2.02%, and is down 10.27% 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 July of 2025.
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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 May 2025 about steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.
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HRC Steel rose to 891.98 USD/T on July 2, 2025, up 1.02% from the previous day. Over the past month, HRC Steel's price has risen 2.53%, and is up 33.33% 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.
In 2023, the price of fabricated structural steel in the United Kingdom has fallen by over ** 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 **** 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 ***** 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, **** of the ** companies with the highest output of steel came from China, with the rest coming from Luxembourg, Japan, South Korea, India, and the U.S.
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LME Index fell to 4,231.80 Index Points on June 30, 2025, down 0.16% from the previous day. Over the past month, LME Index's price has risen 3.41%, and is up 1.59% 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 July of 2025.
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Graph and download economic data for Producer Price Index by Industry: Fabricated Structural Metal Manufacturing: Fabricated Structural Iron and Steel for Industrial Buildings Metal Bar Joists, Short Span (PCU33231233231211) from Jun 2011 to May 2025 about fabrication, iron, steel, metals, buildings, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.
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United States - Producer Price Index by Commodity: Metals and Metal Products: Cold Rolled Steel Sheet and Strip was 388.21700 Index Jun 1982=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Cold Rolled Steel Sheet and Strip reached a record high of 711.61100 in November of 2021 and a record low of 99.40000 in January of 1983. 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: Cold Rolled Steel Sheet and Strip - last updated from the United States Federal Reserve on July 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 ** 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.
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.
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Get the latest insights on price movement and trend analysis of Stainless Steel (316) in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).
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Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Iron and Steel Scrap (WPU1012) from Jan 1947 to May 2025 about iron, steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.
Building materials made of steel, copper and other metals had some of the highest price growth rates in the U.S. in early 2025 in comparison to the previous year. The growth rate of the cost of several construction materials was slightly lower than in late 2024. It is important to note, though, that the figures provided are Producer Price Indices, which cover production within the United States, but do not include imports or tariffs. This might matter for lumber, as Canada's wood production is normally large enough that the U.S. can import it from its neighboring country. Construction material prices in the United Kingdom Similarly to these trends in the U.S., at that time the price growth rate of construction materials in the UK were generally lower 2024 than in 2023. Nevertheless, the cost of some construction materials in the UK still rose that year, with several of those items reaching price growth rates of over **** percent. Considering that those materials make up a very big share of the costs incurred for a construction project, those developments may also have affected the average construction output price in the UK. Construction material shortages during the COVID-19 pandemic During the first years of the COVID-19 pandemic, there often were supply problems and material shortages, which created instability in the construction market. According to a survey among construction contractors, the construction materials most affected by shortages in the U.S. during most of 2021 were steel and lumber. This was also a problem on the other side of the Atlantic: The share of building construction companies experiencing shortages in Germany soared between March and June 2021, staying at high levels for over a year. Meanwhile, the shortage of material or equipment was one of the main factors limiting the building activity in France in June 2022.
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.
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United States EP: MQ: MG: Metal Ore: Copper, Nickel, Lead & Zinc, 6 Digit data was reported at 111.600 Dec2023=100 in Mar 2025. This records a decrease from the previous number of 113.600 Dec2023=100 for Feb 2025. United States EP: MQ: MG: Metal Ore: Copper, Nickel, Lead & Zinc, 6 Digit data is updated monthly, averaging 111.250 Dec2023=100 from Dec 2023 (Median) to Mar 2025, with 16 observations. The data reached an all-time high of 117.400 Dec2023=100 in May 2024 and a record low of 97.900 Dec2023=100 in Feb 2024. United States EP: MQ: MG: Metal Ore: Copper, Nickel, Lead & Zinc, 6 Digit data remains active status in CEIC and is reported by U.S. Bureau of Labor Statistics. The data is categorized under Global Database’s United States – Table US.JA118: Export Price Index: by NAICS.
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.
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Moldova IPPI: NACE 2: Mfg: Fabricated Metal Products excl Machinery and Equipment data was reported at 101.300 Prev Year=100 in 2017. This records a decrease from the previous number of 101.500 Prev Year=100 for 2016. Moldova IPPI: NACE 2: Mfg: Fabricated Metal Products excl Machinery and Equipment data is updated yearly, averaging 106.250 Prev Year=100 from Dec 2012 (Median) to 2017, with 6 observations. The data reached an all-time high of 108.700 Prev Year=100 in 2013 and a record low of 101.300 Prev Year=100 in 2017. Moldova IPPI: NACE 2: Mfg: Fabricated Metal Products excl Machinery and Equipment data remains active status in CEIC and is reported by National Bureau of Statistics of the Republic of Moldova. The data is categorized under Global Database’s Moldova – Table MD.I012: Industrial Production Price Index: Previous Year=100.
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Indonesia Wholesale Price Index: Construction Materials: Commodities: Sinks, Washbasins, Bathtubs, and Other Sanitary Fixtures Made of Iron or Steel data was reported at 95.250 2023=100 in Apr 2025. This records a decrease from the previous number of 95.270 2023=100 for Mar 2025. Indonesia Wholesale Price Index: Construction Materials: Commodities: Sinks, Washbasins, Bathtubs, and Other Sanitary Fixtures Made of Iron or Steel data is updated monthly, averaging 96.340 2023=100 from Feb 2024 (Median) to Apr 2025, with 8 observations. The data reached an all-time high of 104.470 2023=100 in Feb 2024 and a record low of 95.250 2023=100 in Apr 2025. Indonesia Wholesale Price Index: Construction Materials: Commodities: Sinks, Washbasins, Bathtubs, and Other Sanitary Fixtures Made of Iron or Steel data remains active status in CEIC and is reported by Statistics Indonesia. The data is categorized under Indonesia Premium Database’s Inflation – Table ID.IB007: Wholesale Price Index: by Sector: Construction Materials.
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Aluminum rose to 2,602.10 USD/T on July 1, 2025, up 0.02% from the previous day. Over the past month, Aluminum's price has risen 5.15%, and is up 3.16% 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 July of 2025.
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Graph and download economic data for Producer Price Index by Industry: Iron and Steel Pipe and Tube Manufacturing from Purchased Steel: Iron and Steel Pipes and Tubes, from Purchased Iron and Steel (PCU3312103312100) from Jan 1967 to May 2025 about iron, purchase, steel, PPI, industry, inflation, price index, indexes, price, and USA.
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Why did the Stainless Steel (Flat) Price Change in May 2025? The Stainless Steel Flat Price Index in North American market declined significantly in the first quarter of 2025, closing at USD 3,389/MT for SS 304 HR Plate (6 x 1250 x 2000) DEL Texas, marking a 7.5% decrease QoQ.
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Steel rose to 2,962 CNY/T on June 27, 2025, up 0.44% from the previous day. Over the past month, Steel's price has fallen 2.02%, and is down 10.27% 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 July of 2025.