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 0.63 mm data was reported at 65,940.000 INR/Metric Ton in Feb 2025. This records a decrease from the previous number of 69,620.000 INR/Metric Ton for Jan 2025. Metal and Steel Price: Delhi: Cold Rolled Coils 0.63 mm data is updated monthly, averaging 48,780.000 INR/Metric Ton from Aug 2003 (Median) to Feb 2025, with 255 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.

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.

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.

In 2024, the Indian steel sheet piling market increased by 59% to $20M, rising for the second consecutive year after two years of decline. In general, consumption enjoyed a remarkable increase. Steel sheet piling consumption peaked at $34M in 2020; however, from 2021 to 2024, consumption stood at a somewhat lower figure.

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.

Demand for steel products in emerging markets is forecast to amount to approximately 1.41 billion metric tons in 2025. Emerging markets, India and China in particular, play a significant role in the global demand for steel products. Demand for steel in China and India China accounts for nearly half of the world’s steel consumption and similarly provides much of the global steel output. In the upcoming years, China’s steel product consumption is expected to decrease slowly, by some three percent in 2024 and one percent in 2025. On the other hand, India is expected to see some of the fastest growth in the world, reaching close to eight percent year-on-year in 2024. Domestic construction and infrastructure account for most of India’s steel demand. The impact of coronavirus Due to the COVID-19 crisis, the monthly crude steel demand had decreased in 2020, dipping especially in April of that year as national lockdowns were put in place, making manufacturing stagnant. 2021 saw a slow recovery, with figures dipping again in April of that year. The impact of the crisis has been mitigated by China's economic rebound.

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Metal Silos Market for Bulk Storage - 2021-2025

The metal silos market size for bulk storage is expected to grow by USD 498.19 million, at a CAGR of 3.18%, between 2020 and 2025. This research study helps in a deep understanding of the underlying forces driving the market growth and current and potential target customers across segmentations. According to our comprehensive survey, factors such as the growth of the construction industry are projected to significantly support market growth during the forecast period. Our research experts have thoroughly evaluated and covered the latest trends and challenges that will have a far-reaching effect on market growth.

To Unlock the Metal Silos Market Size for Bulk Storage for 2021 and Other Important Statistics, Download the Free Report Sample!

Metal Silos Market Segments for Bulk Storage

From this Technavio report, get actionable insights on the metal silos market segments for bulk storage to generate successful ROIs and focus your business strategy efforts where they are most likely to be effective. Navigate through market segmentation by application (agriculture, industrial, and others) and geography (APAC, North America, Europe, South America, and MEA) in this metal silos market report for bulk storage to pursue growth opportunities.

Also, our market research experts have evaluated the impact of COVID-19 across market segments for our clients to understand the long-term business implications and foresee opportunities for subsequent recovery. This research report entails a thorough qualitative and quantitative analysis of the post-pandemic metal silos market for bulk storage predictions on consumer demand changes for 2021-2025.

    Metal Silos Market Scope for Bulk Storage 




    Report Coverage


    Details




    Page number


    120




    Base year


    2020




    Forecast period


    2021-2025




    Growth momentum & CAGR


    Accelerate at a CAGR of 3.18%




    Market growth 2021-2025


    $ 498.19 million




    Market structure


    Fragmented




    YoY growth (%)


    2.69




    Regional analysis


    APAC, North America, Europe, South America, and MEA




    Performing market contribution


    APAC at 35%




    Key consumer countries


    US, China, India, Russian Federation, and France




    Competitive landscape


    Leading companies, Competitive strategies, Consumer engagement scope




    Companies profiled


    Acterra Group, AGCO Corp., Anyang Lipp Silo Engineering Co. Ltd., Barton Fabrications Ltd., Bentall Rowlands Storage Systems Ltd., GE Silos, Mysilo, Pneucon Technology, Silos Cordoba SL, and Sioux Steel Co.




    Market Dynamics


    Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, Market condition analysis for the forecast period




    Customization purview


    If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Metal Silos Market for Bulk Storage Key Vendors and Competitive Analysis

    Technavio research specialists have included significant well-thought-out business planning approaches of key players in this report. The metal silos market for bulk storage is fragmented and the vendors are deploying organic and inorganic growth strategies to gain a competitive advantage.

    The unprecedented outbreak of COVID-19 last year impacted market segments that has had a ripple effect on various stakeholders. To make the most of the opportunities and recover from post COVID-19 impact, the market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Get the full report to understand the COVID-19 impact on the growth of the metal silos market share for bulk storage during 2021-2025.

    The metal silos market for bulk storage forecast report comprises complete key vendor profiles. The profiles include information on the production, sustainability, prospects of the leading companies, and other crucial vendor landscape analysis.

Regional Opportunities in Metal Silos Market for Bulk Storage - 2021-2025

35% of the metal silos market growth for bulk storage will originate from APAC during the forecast period. China and India are the key markets for metal silos for bulk storage in APAC. This report encompasses exclusive information on potential business locations and understand the demographics of current and prospective customers.

To unlock infomation on emerging business opportunities across regions, Req

In 2023, the Indian stainless steel household articles market increased by 17% to $1.6B, rising for the second year in a row after two years of decline. Overall, the total consumption indicated a buoyant increase from 2012 to 2023: its value increased at an average annual rate of +5.7% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by +40.5% against 2021 indices.

In 2024, the Indian market for containers for compressed or liquefied gas, of iron or steel was finally on the rise to reach $172M after two years of decline. Overall, consumption recorded a prominent expansion. Consumption of peaked at $274M in 2021; however, from 2022 to 2024, consumption failed to regain momentum.

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.

Metal and Steel Price: Chennai: Pig Iron LM Gr. IV data was reported at 55,460.000 INR/Metric Ton in Sep 2022. This records an increase from the previous number of 54,870.000 INR/Metric Ton for Aug 2022. Metal and Steel Price: Chennai: Pig Iron LM Gr. IV data is updated monthly, averaging 28,076.000 INR/Metric Ton from Aug 2003 (Median) to Sep 2022, with 217 observations. The data reached an all-time high of 70,800.000 INR/Metric Ton in Apr 2022 and a record low of 11,000.000 INR/Metric Ton in Nov 2003. Metal and Steel Price: Chennai: Pig Iron LM Gr. IV 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: Mumbai: Tor Steel 10 mm data was reported at 57,890.000 INR/Metric Ton in Feb 2025. This records a decrease from the previous number of 58,780.000 INR/Metric Ton for Jan 2025. Metal and Steel Price: Mumbai: Tor Steel 10 mm data is updated monthly, averaging 43,250.000 INR/Metric Ton from Aug 2003 (Median) to Feb 2025, with 255 observations. The data reached an all-time high of 81,659.000 INR/Metric Ton in Mar 2022 and a record low of 19,300.000 INR/Metric Ton in Oct 2003. Metal and Steel Price: Mumbai: Tor Steel 10 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.WAC006: Metal and Steel Retail Prices: Mumbai: Monthly.

Copper increased 1.13 USd/LB or 28.38% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Copper - values, historical data, forecasts and news - updated on March of 2025.

India Iron Ore: Average Sale Price: Fines: 58 - 60% Fe data was reported at 3,754.000 INR/Ton in Dec 2024. This records a decrease from the previous number of 3,778.000 INR/Ton for Nov 2024. India Iron Ore: Average Sale Price: Fines: 58 - 60% Fe data is updated monthly, averaging 1,964.000 INR/Ton from Feb 2011 (Median) to Dec 2024, with 167 observations. The data reached an all-time high of 4,775.000 INR/Ton in Aug 2021 and a record low of 819.000 INR/Ton in Dec 2015. India Iron Ore: Average Sale Price: Fines: 58 - 60% Fe data remains active status in CEIC and is reported by Indian Bureau of Mines. The data is categorized under India Premium Database’s Metal and Steel Sector – Table IN.WAC009: Iron Ore Average Sale Price.

Aluminum increased 16.20 USD/Tonne or 0.63% since the beginning of 2025, 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 March of 2025.

According to Cognitive Market Research, The Global High Purity Pig Iron Market size is USD 8345.9 Million in 2023 and will grow at a compound annual growth rate (CAGR) of 8.80% from 2023 to 2030.

The growing need for casting goods in various industrial applications, particularly wind energy, is predicted to be the industry's key driver. Ilmenite is melted in electric arc furnaces to make titanium slag, and one of the by-products of this process is HPPI. 
Demand for special type high purity pig iron remains more elevated in the High Purity Pig Iron Market.
The automatic category held the highest operation of High Purity Pig Iron Market share in 2023.
In 2023, the Asia Pacific region led the worldwide market. The development of the HPPI business in China is projected to be fuelled by increased investments in wind energy installations, government assistance through subsidies, and growing reliance on power generation from renewable energy sources. For instance, China topped the world in new wind power installations in 2021, according to the Global Wind Energy Council report from 2022. 

Demand for High-Quality Steel to Flourish the Market

High-purity pig iron is a crucial raw material for producing high-quality steel and alloy products. The increasing demand for high-performance steel in industries such as automotive, aerospace, and construction has been driving the market for high-purity pig iron. Industries requiring precise quality standards and specifications, such as the automotive and aerospace sectors, rely on high-purity pig iron to meet these standards. The need for consistent and reliable materials has driven the demand for this product.

In light of the government's sustained emphasis on the development of roads, trains, ports, and airports, Moody's Investors Service predicts that demand for steel increase by almost 10% through 2022.

(Source:economictimes.indiatimes.com/industry/indl-goods/svs/steel/steel-demand-in-india-to-grow-around-10-in-2022-moodys/articleshow/91612617.cms?from=mdr)

Infrastructure Development of High-Purity Pig Iron TO Boost Market Growth

Steel is a fundamental construction material used in various infrastructure projects due to its exceptional strength, durability, and versatility. It provides the structural integrity required for large-scale construction, making it an essential component in the building of bridges, tunnels, and high-rise buildings. Infrastructure projects demand high-quality steel to ensure the safety and longevity of the structures. Steel with consistent properties and low impurity levels is crucial to meet stringent engineering standards and withstand the stresses and loads experienced by these structures.

For instance, in March 2023, the infrastructure of an economy plays a critical role in accelerating its development and laying the groundwork for its potential for future growth. To reach India 2047's goal of a $40 trillion GDP and be categorized as a developed nation, infrastructure development is essential. The focus now shifts from physical infrastructure to digital and social infrastructure in the wake of COVID-19 and the digitalization of the world.

(Source:www.investindia.gov.in/team-india-blogs/infrastructure-development-india)

Market Dynamics of High Purity Pig Iron

Fluctuating Steel Prices Hinder Market Growth

Steel production is a cost-sensitive industry. The price of steel products often influences the profit margins of steel manufacturers. When steel prices drop, it can lead to reduced profitability for steel producers. The demand for steel is influenced by its price. When steel prices are high, demand may decrease, especially in industries where steel is a significant cost component, such as construction and manufacturing.

Conversely, when steel prices are low, demand may increase as it becomes more affordable. Rapid fluctuations in steel prices can create market uncertainty. Steel manufacturers may become more cautious about their production plans and raw material purchases, which can lead to short-term disruptions in the demand for high-purity pig iron.

Impact of COVID-19 on the High Purity Pig Iron Market

COVID-19 led to disruptions in supply chains across industries due to lockdowns, travel restrictions, and factory closures. These disruptions could have affected the availability of raw materials, including high-purity pi...

The Indian market for hot-rolled steel bars and rods dropped modestly to $22.7B in 2024, with a decrease of -4.7% against the previous year. In general, consumption, however, saw resilient growth. Hot-rolled steel bar and rod consumption peaked at $26.9B in 2020; however, from 2021 to 2024, consumption remained at a lower figure.

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.