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.

This statistic represents the US iron and steel import price index between 2006 and 2017. In 2017, this price index stood at ***, compared with 100 in 2005. 2005 was chosen as the base year (2005=100).

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.

Graph and download economic data for Producer Price Index by Commodity for Metals and Metal Products: Hot Rolled Steel Bars, Carbon (DISCONTINUED) (WPU10170402) from Dec 2010 to Nov 2017 about steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

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.

Brazil Steel: Cost & Expenses data was reported at 101,177,175.000 BRL th in 2017. This records an increase from the previous number of 94,233,086.000 BRL th for 2016. Brazil Steel: Cost & Expenses data is updated yearly, averaging 91,269,907.000 BRL th from Dec 2007 (Median) to 2017, with 11 observations. The data reached an all-time high of 115,278,984.000 BRL th in 2015 and a record low of 59,171,044.000 BRL th in 2007. Brazil Steel: Cost & Expenses data remains active status in CEIC and is reported by Brazilian Institute of Geography and Statistics. The data is categorized under Brazil Premium Database’s Metal and Steel Sector – Table BR.WAI002: Iron and Steel Financial Data: Steel.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Hot Rolled Steel Bars, Plates, and Structural Shapes, Carbon (WPU10170410) from Dec 2017 to Sep 2025 about steel, metals, buildings, production, commodities, PPI, price index, indexes, price, and USA.

Vietnam Import Price Index: Iron, Steel data was reported at 71.110 2010=100 in 2017. This records an increase from the previous number of 64.460 2010=100 for 2016. Vietnam Import Price Index: Iron, Steel data is updated yearly, averaging 93.210 2010=100 from Dec 2011 (Median) to 2017, with 7 observations. The data reached an all-time high of 115.210 2010=100 in 2011 and a record low of 64.460 2010=100 in 2016. Vietnam Import Price Index: Iron, Steel data remains active status in CEIC and is reported by General Statistics Office. The data is categorized under Global Database’s Vietnam – Table VN.I045: Export and Import Price Index: 2010=100 .

This statistic represents the steel price index for alloy steel on the French market, from ********** to **********. In **********, the price index was more than ***, from a base 100 in 2010.

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Stainless Steel Market Size 2023-2027

The stainless steel market size is forecasted to increase by 10,299.64 thousand tons at a CAGR of 3.38% between 2022 and 2027. Market growth relies on various factors, notably the increased consumption of high-strength stainless steel, propelled by its corrosion resistance and excellent mechanical properties. Additionally, economic expansion in China and India contributes significantly to market growth. As these nations continue to develop industrially and infrastructurally, the demand for stainless steel, particularly for construction and manufacturing applications, is expected to rise. This confluence of factors positions the market for substantial growth in the foreseeable future. Furthermore, the stainless steel market analysis report includes historic market data from 2017 to 2021. The stainless steel market forecast indicates robust expansion, driven by increasing demand for steel across various industries. The stainless steel market size growth is propelled by advancements in production technologies and the rise of sustainable manufacturing practices. Current stainless steel market trends show a surge in applications, particularly in construction and automotive sectors, underscoring its vital role in modern infrastructure.

What will be the Size of the Stainless Steel Market During the Forecast Period?

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Stainless Steel Market Segmentation

The stainless steel market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in 'USD Million' for the period 2023 to 2027, as well as historical data from 2017 to 2021 for the following segments

End-user Outlook 

  Metal products
  Mechanical engineering
  Automobile and transportation
  Infrastructure and construction
  Electrical engineering





Product Outlook

  Flat
  Long





Region Outlook

  North America

    The US
    Canada


  Europe

    The UK
    Germany
    France
    Rest of Europe


  APAC

    China
    India


  Middle East and Africa

    Saudi Arabia
    South Africa
    Rest of the Middle East and Africa


  South America

    Argentina
    Brazil
    Chile

By End-user

The market share growth by the metal products segment will be significant during the forecast period. The use of stainless steel in metal products provides an aesthetic appeal, extensive textures, strength, functionality, corrosion resistance properties, and ease of cleaning properties such products, driving the growth of steel manufacturing. The demand for stainless steel for manufacturing metal products is high due to its ease of fabrication and mechanical properties.

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The metal products segment showed a gradual increase in the market share of 20,426.71 thousand t in 2017. Stainless steel is used in jewelry, belt buckles, clips, casings, watch straps and backs, cooker hoods, outdoor kitchen cabinets, worktops, drainers, sinks, and others. It is also used in kitchen vessels due to its hygiene properties, durability, and resilience to food discoloration and spoilage. The shift in consumer preference toward hygienic and easy-to-clean products is likely to increase the demand for stainless steel in metal products during the forecast period.

By Region

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APAC is estimated to account for 76% of 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. APAC has some of the largest stainless steel-producing countries in the world, such as China, Japan, South Korea, and India. China was the largest producer and consumer of stainless steel in 2020. Manufacturers are shifting to the consumption of scrap steel and stainless steel as raw materials to reduce pollution as well as manufacturing costs. These factors will drive the growth of the market in APAC during the forecast period.

Stainless Steel Market Dynamics

The market plays a vital role across various sectors, including residential housing, building & construction, railways, and automotive & transportation. Its resistance to corrosion surpasses that of carbon steel, making it a preferred choice. Renowned companies like Jindal Steel and Daido Steel contribute to its production capacities. Stainless steel finds applications in diverse architectural elements such as railings, roofing, and staircases, offering both pliability and appealing aesthetic properties. Moreover, it serves industrial needs like heat exchangers and tubulars, alongside providing swimming pool shades, canopies, and atriums with durability and low maintenance cost during repair and renovation. The stainless ste

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.

In 2017, approx. X tons of cast articles of iron or steel were imported into Malaysia; coming up by X% against the previous year. Overall, the total imports indicated a temperate growth from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the imports of cast articles of iron or steel increased by +X% against 2014 indices.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Cold Finished Steel Bars and Bar Shapes (WPU10170810) from Dec 2017 to Sep 2025 about finished, steel, metals, production, commodities, PPI, price index, indexes, price, and USA.

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

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).

Ghana Prime Building Cost Index: Material: Steel Materials data was reported at 4,847.077 Sep1997=100 in Dec 2017. This stayed constant from the previous number of 4,847.077 Sep1997=100 for Nov 2017. Ghana Prime Building Cost Index: Material: Steel Materials data is updated monthly, averaging 880.451 Sep1997=100 from Jan 2000 (Median) to Dec 2017, with 216 observations. The data reached an all-time high of 4,847.077 Sep1997=100 in Dec 2017 and a record low of 114.100 Sep1997=100 in Jan 2000. Ghana Prime Building Cost Index: Material: Steel Materials data remains active status in CEIC and is reported by Ghana Statistical Service. The data is categorized under Global Database’s Ghana – Table GH.EA001: Prime Building Cost Index.

In 2017, imports of cast articles of iron or steel in Indonesia amounted to X tons, coming down by -X% against the previous year. In general, imports of cast articles of iron or steel continue to indicate a drastic shrinkage. The most prominent rate of growth was recorded in 2012, when the imports increased by X% y-o-y. Indonesia imports peaked of X tons in 2007; however, from 2008 to 2017, it failed to regain its strength.In value terms, imports of cast articles of iron or steel amounted to $X in 2017.

France PPI: Domestic: Basic Price: Mfg: BM: Iron & Steel & of Ferro Alloys data was reported at 104.400 2010=100 in Dec 2017. This records an increase from the previous number of 103.300 2010=100 for Nov 2017. France PPI: Domestic: Basic Price: Mfg: BM: Iron & Steel & of Ferro Alloys data is updated monthly, averaging 70.350 2010=100 from Jan 1986 (Median) to Dec 2017, with 384 observations. The data reached an all-time high of 122.400 2010=100 in Aug 2008 and a record low of 58.000 2010=100 in Apr 1999. France PPI: Domestic: Basic Price: Mfg: BM: Iron & Steel & of Ferro Alloys data remains active status in CEIC and is reported by French National Institute for Statistics and Economic Studies. The data is categorized under Global Database’s France – Table FR.I019: Producer Price Index: 2010=100: Domestic. Rebased from 2010=100 to 2015=100 Replacement series ID: 401304987

In 2017, approx. X tons of cast articles of iron or steel were imported into Italy; falling by -X% against the previous year. Overall, the total imports indicated a slight expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the imports of cast articles of iron or steel increased by +X% against 2014 indices.

United States - Producer Price Index by Commodity for Metals and Metal Products: Cold Finished Steel Bars and Bar Shapes, Carbon (DISCONTINUED) was 117.30000 Index Dec 2010=100 in December of 2017, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity for Metals and Metal Products: Cold Finished Steel Bars and Bar Shapes, Carbon (DISCONTINUED) reached a record high of 119.00000 in October of 2017 and a record low of 100.00000 in December of 2010. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity for Metals and Metal Products: Cold Finished Steel Bars and Bar Shapes, Carbon (DISCONTINUED) - last updated from the United States Federal Reserve on November of 2025.