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 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.

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.

In June 2022, the steel spring price per ton amounted to $3,152 per ton, waning by -2.3% against the previous month.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Hot Rolled Steel Sheet and Strip, Including Tin Mill Products (WPU10170301) from Dec 2003 to Feb 2022 about tin, mills, steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

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.

United States - Producer Price Index by Commodity: Metals and Metal Products: Steel Pipe and Tube, Stainless Steel was 133.04800 Index Dec 2010=100 in February of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Steel Pipe and Tube, Stainless Steel reached a record high of 169.93400 in May of 2022 and a record low of 88.60000 in September 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 Pipe and Tube, Stainless Steel - last updated from the United States Federal Reserve on March of 2025.

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

In the fiscal year 2023, the average price index for ordinary steel products for construction in Tokyo, Japan, stood at 181.2 index points. After rising significantly in 2021 and 2022, prices flattened in 2023.

Iron and Steel Price in Russia - 2022. Find the latest marketing data on the IndexBox platform.

[250 Pages Report] The global stainless steel foil market size is expected to reach US$ 6.3 Billion in 2022 and US$ 10.4 Billion in 2032. It is likely to exhibit growth at a CAGR of 6.2% in the forecast period from 2022 to 2032. The rising need to enhance the dimensional stability that often prevents contamination of steel tool parts during heat treatment is expected to drive the sales of stainless steel foil in future years.

Report Attribute	Details
Stainless Steel Foil Market Estimated Base Year Value (2021)	US$ 5.9 Billion
Stainless Steel Foil Market Expected Market Value (2022)	US$ 6.3 Billion
Stainless Steel Foil Market Anticipated Forecast Value (2032)	US$ 10.4 Billion
Stainless Steel Foil Market Projected Growth Rate (2022 to 2032)	6.2% CAGR

Report Scope

Report Attribute	Details
Growth Rate	CAGR of 6.2% from 2022 to 2032
Base Year for Estimation	2021
Historical Data	2015 to 2020
Forecast Period	2022 to 2032
Quantitative Units	Revenue in USD Million and CAGR from 2022 to 2032
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered	Grade Type Product Type Material Type Application End Use Region
Regions Covered	North America Latin America Western Europe Eastern Europe APEJ Japan Middle East and Africa
Key Countries Profiled	USA Canada Brazil Argentina Germany UK France Spain Italy Nordics BENELUX Australia & New Zealand China India ASEAN GCC South Africa
Key Companies Profiled	AK Steel Corporation ArcelorMittal, Nisshin Steel Co., Ltd. Tata Steel Limited Ulbrich Stainless Steels & Special Metals, Inc. Reliance Foundry Co. Ltd. Jindal Stainless Ltd. A.J. Oster, LLC Hollinbrow Precision Products (UK) Ltd. All Foils, Inc.
Customization	Available Upon Request

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.

Iron and Steel Price in Mexico - 2022. Find the latest marketing data on the IndexBox platform.

In the first quarter (Q1) of 2022, the average price of cobalt metal worldwide amounted to 78,779 U.S. dollars per metric ton. The cobalt metal price was the highest in the second quarter (Q2) of 2022, with a total average price of 81,277 U.S dollars per metric ton. Cobalt metal's average global price was the lowest in the fourth quarter (Q4) of 2022, with an average price of 50,449 U.S. dollars per metric ton.

The globalsteel marketsize reached US$ 1,823.5 billion in 2022. Over the forecast period, global steel demand is anticipated to rise at 4.4% CAGR. Total market revenue is set to increase from US$ 1,893.9 billion in 2023 to US$ 2,901.9 billion in 2033.

Attributes	Key Insights
Steel Market Size in 2022	US$ 1,823.5 billion
Estimated Steel Market Value (2023)	US$ 1,893.9 billion
Projected Steel Market Revenue (2033)	US$ 2,901.9 billion
Value-based Steel Market CAGR (2023 to 2033)	4.4%
Collective Value Share: Top 5 Countries (2023E)	56.2%

2018 to 2022 Steel Market Outlook Vs. 2023 to 2033 Forecast

Historical CAGR (2018 to 2022)	1.0%
Forecast CAGR (2023 to 2033)	4.4%

Country-wise Insights

Countries	Steel Market Revenue (2033)
United States	US$ 271.6 billion
Germany	US$ 105.8 billion
China	US$ 794.4 billion
Japan	US$ 304.9 billion
South Korea	US$ 129.0 billion
India	US$ 167.4 billion

Countries	Projected steel CAGR (2023 to 2033)
United States	3.3%
Germany	2.4%
China	4.6%
Japan	5.2%
South Korea	5.8%
India	5.2%

Category-wise Insights

Top Segment (Steel Type)	Carbon Steel
Predicted CAGR (2023 to 2033)	3.8%

Top Segment (End Use)	Building and Construction
Predicted CAGR (2023 to 2033)	3.8%

Steel Industry Research Scope

Attribute	Details
Estimated Market Size (2023)	US$ 1,893.9 billion
Projected Market Size (2033)	US$ 2,901.9 billion
Anticipated Growth Rate (2023 to 2033)	4.4%
Historical Data	2018 to 2022
Forecast Period	2023 to 2033
Quantitative Units	Value (US$ billion) and Volume (‘000 tons)
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Market Segments Covered	Steel Type End Use Region
Regions Covered	North America Latin America Western Europe Eastern Europe East Asia South Asia Pacific Middle East Africa
Key Companies Profiled	Baowu Steel Group Corporation Limited ArcelorMittal Nippon Steel Corporation Thyssenkrupp AG Nucor Corporation JFE Steel Corporation Tata Steel Limited Posco International Cleveland-Cliffs Inc EVRAZ Plc Gerdau S.A. Hyundai Steel Co Jiangsu Shagang Group Co., Ltd. United States Steel Corp. Novolipetsk Steel Severstal Steel Authority of India Limited JSW Steel Limited

The Galvanized Steel Market size was valued at USD 98.80 USD Billion in 2023 and is projected to reach USD 147.58 USD Billion by 2032, exhibiting a CAGR of 5.9 % during the forecast period. Zinc-coated steel called galvanized steel is popular for the production of buildings, automobiles, and all kinds of home appliances where durability and being able to resist corrosion are important. Kinds include plated-in dips and electroless that provide variety. Technology innovations enable higher production rates with less waste – which means the overall environmental impact is reduced. It is an extended-use technique that increases the life span of the product, reduces maintenance and improves the structural integrity. One of the benefits herein is the high level of durability and simplicity in maintenance as well as the possibility to recycle it. This makes the material a first choice in most applications across many industries. Recent developments include: December 2023: Nippon Steel entered into an agreement to acquire U. S. Steel Corporation. The company will acquire U. S. Steel in an all-cash transaction for USD 55.00 per share. This acquisition is expected to close in the second or third quarter of 2024., October 2022: ThyssenKrupp Steel introduced a new hot-dip galvanizing line at the Dortmund location, namely FBA 10. With this introduction, the company now has two modern hot-dip galvanizing lines and reached a total production capacity of nearly 1 million metric tons per year., September 2022: Nucor Corporation has announced it is ready to construct two new flat-rolled galvanizing lines at Nucor Steel Berkeley in South Carolina and another one in western U.S. which will commence its operations in mid-2025. The company’s expansion strategy helps it expand its capabilities and grow its participation in the consumer durables and automotive markets., August 2022: Ansteel Group acquired a Benxi Steel Company. This acquisition helps Ansteel Group to expand their steel capacity to 63 mn t/year. With this acquisition, Benxi Steel Company became a second-level subsidiary of Ansteel Group. Such acquisition creates an opportunity to increase the company's share in the market., February 2022: Nucor Corporation acquired California Steel Industries, Inc. (CSI) for a cash purchase price of USD 400 million. The acquired company operates to offer cold rolled, hot rolled, oiled and pickled, galvanized and ERW pipe. Such strategic developments help Nucor Corporation to make a strong presence in the Western region.. Key drivers for this market are: Growing Product Demand from Various End-use Industries to Drive Market Growth. Potential restraints include: High Price Volatility of Raw Types to Restrain Market Growth. Notable trends are: Increasing Trend toward the Use of Electro-Galvanizing Steel in Manufacturing Electric Parts to Present Market Growth.

United States - Producer Price Index by Commodity: Metals and Metal Products: Hot Rolled Steel Bars, Plates, and Structural Shapes was 289.63700 Index Jun 1982=100 in January of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Hot Rolled Steel Bars, Plates, and Structural Shapes reached a record high of 340.69900 in June of 2022 and a record low of 92.50000 in February of 2002. 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: Hot Rolled Steel Bars, Plates, and Structural Shapes - last updated from the United States Federal Reserve on March of 2025.

China Steel: Large & Medium Enterprise: Cost of Sales: Year to Date data was reported at 1,366,618.690 RMB mn in Mar 2022. This records an increase from the previous number of 865,222.120 RMB mn for Feb 2022. China Steel: Large & Medium Enterprise: Cost of Sales: Year to Date data is updated monthly, averaging 1,656,149.780 RMB mn from Dec 2007 (Median) to Mar 2022, with 86 observations. The data reached an all-time high of 6,180,657.350 RMB mn in Dec 2021 and a record low of 131,966.790 RMB mn in Jan 2009. China Steel: Large & Medium Enterprise: Cost of Sales: Year to Date data remains active status in CEIC and is reported by China Iron and Steel Association. The data is categorized under China Premium Database’s Metal and Steel Sector – Table CN.WAH: Steel Industry: Financial Data: Large & Medium Enterprise. contact us

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.

Iron and Steel Price in Singapore - 2022. Find the latest marketing data on the IndexBox platform.