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 shows the producer price index of steel mill products in the United States from 2006 to 2019. In 2019, the price of steel mill products appeared as *** on the index, compared to 100 in 1982.

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.

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.

The producer price index for iron and steel metals and metal products in the United States fell between 2018 and 2020. Prices for steel commodities in particular have fluctuated over the ***** due to uncertain markets and international diplomacy.

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 Sep 2025 about steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

After 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.

Monthly and long-term steel (europe) price data (US$/mt): historical series and analyst forecasts curated by FocusEconomics.

Monthly and long-term steel (usa) price data (US$/mt): historical series and analyst forecasts curated by FocusEconomics.

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The high strength steel market share is expected to increase by USD 14.51 million from 2019 to 2024, and the market’s growth momentum will accelerate at a CAGR of 10.14%

This high strength steel market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers high strength steel market segmentation by application (automotive, construction, aviation, and others) and geography (APAC, North America, Europe, South America, and MEA). The high strength steel market report also offers information on several market vendors, including ArcelorMittal SA, Essar Steel India Ltd., HBIS Group Co. Ltd., Hyundai Steel Co., JSW STEEL Ltd., Nippon Steel Corp., Nucor Corp., POSCO, Tata Steel Ltd., and United States Steel Corp. among others.

What will the High Strength Steel Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the High Strength Steel Market Size for the Forecast Period and Other Important Statistics

High Strength Steel Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The growing demand for high strength steel in the automobile industry is notably driving the high-strength steel market growth, although factors such as the volatile prices of raw materials may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the high strength steel industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key High Strength Steel Market Driver

The growing demand for high-quality automobile components is one of the major factors driving the market growth. Because of the performance of high-strength steel in comparison to low and mild-strength steel, automotive manufacturers mainly prefer high-strength steel over mild-strength steel for manufacturing vehicle components that find applications for indoor beams, chassis, bumpers, and cross-members and seating. With the increasing growth of the automotive industry, this demand for manufacturing high-quality components will significantly fuel the growth of the high-strength steel market.

Key High Strength Steel Market Trend

The rising demand in the wind energy sector is another factor supporting the high-strength steel market growth. The demand for renewable energy is growing with the rise in environmental concerns. The wind energy sector is growing with the increasing establishment of wind turbines and is expected to surpass other sources of renewable power generation. The rising global demand for wind energy for the generation of electricity has increased the demand for more installation of wind turbines. The components of wind turbines require high-strength materials for better performance and extended service life. AHSS is used in manufacturing different parts of turbines, including towers, gearboxes, and motor houses. Therefore, the increasing installation of wind turbines will drive the demand for high-strength steel.

Key High Strength Steel Market Challenge

The volatile prices of raw materials will be a major challenge for the high-strength steel market during the forecast period. In the past few years, the prices of iron ore witnessed major fluctuations, which has affected the prices of crude steel and finished steel products. Although the demand for steel is increasing in the automotive, construction, marine, aviation, and other industries, the fluctuating prices of raw materials are hampering the growth of the steel market. The fluctuating prices of iron ore are attributed to the mining disruptions in Australia and Brazil. The disruptions have also reduced the steel import rate in China as the shipments from both Australia and Brazil have decreased significantly. In addition, owing to revised environmental policies, China is expected to restrict its steel production, which will increase the prices of iron ore and steel. Therefore, the increase in the prices of steel is expected to limit the growth of the global AHSS market during the forecast period.

This high-strength steel market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global high-strength steel market as a part of the global steel market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the high-strength

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

Russia Avg Consumer Price: Metal Ware: Utensils Set: Stainless Steel data was reported at 284.660 RUB in Jan 2019. This records an increase from the previous number of 279.450 RUB for Dec 2018. Russia Avg Consumer Price: Metal Ware: Utensils Set: Stainless Steel data is updated monthly, averaging 132.160 RUB from Jan 1997 (Median) to Jan 2019, with 265 observations. The data reached an all-time high of 284.660 RUB in Jan 2019 and a record low of 20.710 RUB in Jul 1997. Russia Avg Consumer Price: Metal Ware: Utensils Set: Stainless Steel data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Prices – Table RU.PA008: Average Consumer Price: Furniture and Ware.

Statistics illustrates monthly prices of iron and steel forging in the United States from January 2019 to October 2025.

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.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Fabricated Steel Plate (WPU10760102) from Dec 2001 to Sep 2025 about fabrication, steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

United States - Producer Price Index by Commodity: Metals and Metal Products: Steel Wire, Alloy was 109.18300 Index Dec 2010=100 in December of 2021, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Steel Wire, Alloy reached a record high of 112.50000 in January of 2019 and a record low of 90.20000 in January of 2016. 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: Steel Wire, Alloy - last updated from the United States Federal Reserve on November of 2025.

The global steel sections market, valued at $220.70 million in 2025, is projected to experience robust growth, driven by a Compound Annual Growth Rate (CAGR) of 6.59% from 2025 to 2033. This expansion is fueled by several key factors. The burgeoning construction sector, particularly in rapidly developing economies across Asia-Pacific and Latin America, significantly boosts demand for heavy and light structural steel, rebar, and other steel sections. Furthermore, the growth of infrastructure projects, including bridges, skyscrapers, and transportation networks, contributes significantly to market expansion. The automotive and aerospace industries also represent important end-use segments, demanding high-quality steel sections for lightweighting and performance enhancement. Increased investments in renewable energy infrastructure, such as wind turbines and solar farms, further underpin market growth. While rising raw material prices and fluctuating steel production costs present challenges, innovation in steel manufacturing, focusing on improved strength, durability, and sustainability, is expected to mitigate these constraints. The market is segmented by product type (heavy structural steel, light structural steel, rebar) and end-user industry (residential, manufacturing, aerospace & automotive, power & utilities, construction, oil & gas, other). Major players like Tata Steel, ArcelorMittal, and POSCO are actively shaping market dynamics through strategic partnerships, technological advancements, and geographic expansion. The Asia-Pacific region, particularly China and India, currently dominates the global steel sections market, owing to their large-scale construction activities and robust industrial growth. However, North America and Europe are expected to witness considerable growth throughout the forecast period driven by infrastructure development initiatives and government investments in sustainable construction practices. Competition among established players is intense, characterized by price competitiveness and ongoing product innovation to meet the diverse needs of various end-use sectors. The market's future trajectory will be influenced by global economic conditions, government regulations on construction and environmental sustainability, and the adoption of advanced manufacturing technologies. The forecast period (2025-2033) presents significant opportunities for market participants focusing on product diversification, technological advancement, and strategic market expansion into high-growth regions. This comprehensive report provides an in-depth analysis of the global steel sections market, covering the period from 2019 to 2033. With a base year of 2025 and an estimated year of 2025, the report forecasts market trends and growth until 2033, leveraging historical data from 2019-2024. This analysis incorporates key market segments, including product types (heavy structural steel, light structural steel, rebar) and end-user industries (residential, manufacturing, aerospace & automotive, power & utilities, construction, oil & gas, others). The report examines market dynamics, competitive landscapes, and future growth opportunities, making it an indispensable resource for businesses, investors, and stakeholders in the steel industry. Recent developments include: April 2023: Tata Steel signed a business cooperation agreement with A&B Global Mining Pvt. Ltd (ABGM) to develop new business opportunities. It aims to focus on delivering mine technical services in areas like exploration, resource evaluation, mine planning and scheduling, digitalization, owner engineering, and project management. It also aims to provide clean/hybrid energy solutions while conducting pre-feasibility and bankable feasibility studies, investment thesis, and due diligence. ABGM also plans to collaborate with Tata Steel to deliver competitive integrated business solutions to the worldwide mining industry.January 2023: Vallourec signed a long-term agreement with Petrobras for OCTG (Oil Country Tubular Goods) solutions. The three-year agreement covers the supply of OCTG Premium products, associated accessories, and specialized physical and digital services, representing a volume above 110 kiloton of products and accessories.. Notable trends are: By Region, Asia-Pacific is Expected to Lead the Market with More Opportunities.

Iron & Steel Imports: FOB: NCM: Value: Laminated Hot Rolled Products of Stainless Steel: Width of less than 600 mm, Thickness 1.5 mm or less data was reported at 0.210 USD mn in Jun 2019. This records an increase from the previous number of 0.183 USD mn for May 2019. Iron & Steel Imports: FOB: NCM: Value: Laminated Hot Rolled Products of Stainless Steel: Width of less than 600 mm, Thickness 1.5 mm or less data is updated monthly, averaging 0.186 USD mn from Jan 1996 (Median) to Jun 2019, with 282 observations. The data reached an all-time high of 0.964 USD mn in Jan 2012 and a record low of 0.000 USD mn in Aug 1999. Iron & Steel Imports: FOB: NCM: Value: Laminated Hot Rolled Products of Stainless Steel: Width of less than 600 mm, Thickness 1.5 mm or less data remains active status in CEIC and is reported by Ministry of Development, Industry and Trade. The data is categorized under Brazil Premium Database’s Metal and Steel Sector – Table BR.WAH005: Iron and Steel Imports: NCM Classification: Value: by Product.

Iron & Steel Exports: FOB: NCM: Value: Laminated Hot Rolled Products of Stainless Steel: Width of less than 600 mm, Thickness more than 1.5 mm to 3 Mm data was reported at 0.000 USD mn in Jun 2019. This records a decrease from the previous number of 0.000 USD mn for Apr 2019. Iron & Steel Exports: FOB: NCM: Value: Laminated Hot Rolled Products of Stainless Steel: Width of less than 600 mm, Thickness more than 1.5 mm to 3 Mm data is updated monthly, averaging 0.000 USD mn from Jan 1997 (Median) to Jun 2019, with 262 observations. The data reached an all-time high of 0.159 USD mn in Oct 1998 and a record low of 0.000 USD mn in Jun 2018. Iron & Steel Exports: FOB: NCM: Value: Laminated Hot Rolled Products of Stainless Steel: Width of less than 600 mm, Thickness more than 1.5 mm to 3 Mm data remains active status in CEIC and is reported by Ministry of Development, Industry and Trade. The data is categorized under Brazil Premium Database’s Metal and Steel Sector – Table BR.WAH007: Iron and Steel Exports: NCM Classification: Value: by Product.

Iron & Steel Imports: FOB: NCM: Value: Laminate of Other Alloy Steel: Hot, Width less than 600 mm data was reported at 0.191 USD mn in Jun 2019. This records a decrease from the previous number of 0.376 USD mn for May 2019. Iron & Steel Imports: FOB: NCM: Value: Laminate of Other Alloy Steel: Hot, Width less than 600 mm data is updated monthly, averaging 0.229 USD mn from Jan 1996 (Median) to Jun 2019, with 279 observations. The data reached an all-time high of 1.769 USD mn in Jan 2012 and a record low of 0.000 USD mn in May 2002. Iron & Steel Imports: FOB: NCM: Value: Laminate of Other Alloy Steel: Hot, Width less than 600 mm data remains active status in CEIC and is reported by Ministry of Development, Industry and Trade. The data is categorized under Brazil Premium Database’s Metal and Steel Sector – Table BR.WAH005: Iron and Steel Imports: NCM Classification: Value: by Product.