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.

In December 2024, the producer price index (PPI) value of steel beams and sections was measured at 133.7 across six capital cities in Australia. The highest PPI recorded in the given time period was in September 2022. Producer price indexes are used to measure the price change of products, goods, and services during the production process.

Cold-Rolled Steel Products Price in Australia - 2023. Find the latest marketing data on the IndexBox platform.

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.

Learn about the expected growth in the Australian steel market over the next decade, with increasing demand for raw steel and semi-finished products. Market performance is forecast to show steady expansion, reaching 6M tons in volume and $4.2B in value by 2035.

Imports of - Iron & Steel in Australia increased to 571 AUD Million in February from 443 AUD Million in January of 2024. This dataset includes a chart with historical data for Australia Imports of - Iron & Steel.

Steel Production in Australia increased to 473.11 Thousand Tonnes in December from 449.78 Thousand Tonnes in November of 2020. This dataset has Steel Production values for Australia.

Learn about the expected growth in the Australian steel market over the next decade, driven by increasing demand for raw steel and steel semi-finished products. Market volume is projected to reach 6M tons and market value to reach $4.2B by the end of 2035.

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Carbon Steel Market Size 2025-2029

The carbon steel market size is valued to increase by USD 197.5 billion, at a CAGR of 3.3% from 2024 to 2029. Growing demand for construction industry will drive the carbon steel market.

Market Insights

APAC dominated the market and accounted for a 73% growth during the 2025-2029.
By End-user - Construction segment was valued at USD 405.20 billion in 2023
By Type - Low carbon steel segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 29.44 billion 
Market Future Opportunities 2024: USD 197.50 billion
CAGR from 2024 to 2029 : 3.3%

Market Summary

Carbon steel, a versatile alloy of iron and carbon, is a cornerstone of global industries due to its exceptional strength, durability, and cost-effectiveness. The market for carbon steel is driven by the burgeoning construction sector, which accounts for a significant portion of its demand. Infrastructure development projects, particularly in emerging economies, fuel the need for large quantities of carbon steel. Moreover, the increasing adoption of sustainable manufacturing practices has led to the steel industry's evolution, with carbon steel being a key material in the production of green steel through the electric arc furnace process. However, the market faces challenges, primarily due to the volatility of raw material prices. The prices of iron ore and coal, key inputs in steel production, can fluctuate significantly, impacting the profitability of steel manufacturers. A real-world business scenario illustrates this challenge. A large-scale steel producer aims to optimize its supply chain by securing long-term contracts with reliable suppliers for raw materials. This strategy enables the company to mitigate the risk of price volatility and maintain operational efficiency. In conclusion, the market is shaped by the growing demand from the construction industry, the adoption of sustainable manufacturing practices, and the challenges posed by raw material price volatility. Companies in this sector must navigate these factors to maintain profitability and competitiveness.

What will be the size of the Carbon Steel Market during the forecast period?

Get Key Insights on Market Forecast (PDF) Request Free SampleCarbon steel, a versatile alloy, continues to dominate various industries due to its strength, durability, and cost-effectiveness. Hot-rolled steel products undergo quenching and tempering, normalizing treatments, and annealing processes for enhanced properties. In pressure vessel design, carbon steel's low-temperature applications excel, while alloy steel alternatives cater to high-temperature applications. Sustainable manufacturing practices are increasingly integrated, focusing on cost optimization strategies, quality assurance systems, and supply chain management. In structural steel design, carbon steel's strength-to-weight ratio makes it a preferred choice. Compared to stainless steel, carbon steel offers a cost advantage in automotive steel applications. Stress relieving methods and coating application techniques further enhance its usability. Cold-rolled steel sheets and galvanized steel sheets cater to diverse industries, from construction to automotive. Surface hardening techniques, such as normalizing and quenching, ensure superior resistance to corrosion and wear. Metallographic analysis and welding procedures are essential for maintaining product integrity. Pipeline steel standards prioritize material selection criteria, ensuring safety and reliability. Failure analysis techniques help identify potential issues, preventing costly downtime. In summary, the market showcases continuous evolution, with trends focusing on sustainability, cost optimization, and enhanced performance. Companies prioritize compliance with industry standards, ensuring the delivery of high-quality products. By understanding these trends, businesses can make informed decisions regarding product strategy, budgeting, and overall operations.

Unpacking the Carbon Steel Market Landscape

Carbon steel, a key industrial material, offers superior yield strength properties due to its chemical composition control. Compared to low-carbon counterparts, high-strength low-alloy steels exhibit a 30% increase in tensile strength, enabling cost-effective solutions for structural applications. Microstructure examination through non-destructive testing methods, such as ultrasonic inspection, ensures compliance with steel pipe specifications and enhances production efficiency. Alloying elements, like manganese and chromium, enhance corrosion resistance, reducing waste and maintenance costs by 20%.

Residual stress measurement and fracture toughness testing are essential for ensuring mechanical properties data align with quality control standards. Heat treatment processes, including

In 2024, the producer price index (PPI) for iron and steel in Japan stood at *** index points on average, decreasing from ****** points in the previous year. The lowest producer price of iron and steel within the preceding decade was in 2016, with a PPI of ***** points. What determines the price of steel products? Steelmaking requires several raw materials and plenty of energy. Japan has hardly any significant resources to satisfy either demand domestically. Therefore, the country imports iron ore and coking coal, the crucial raw materials needed to produce steel by using blast furnaces. Accordingly, the price depends on the overall energy price and a steady raw material supply – primarily from Australia. For recycling, steel scrap can be added to a certain degree within the conventional process or re-melted in electric arc furnaces. The latter process entails high electricity consumption, making recycled steel of this kind expensive. Carbon-neutral steel: a matter of price Ample carbon emissions are caused by removing excess carbon left from the carbon-based reduction of the iron oxides. Consequently, one strategy is to adjust steel plants to carbon-neutral reducing agents, such as green or blue hydrogen. Carbon capture, usage, and storage (CCUS), still in development, could offset further emissions on top.The trade-off for implementing these measures and using sustainable energy had called for a gradual transition. Ironically, the latest price increases in fossil fuels could spur ecological investments even more than the contested CO2-emission-based premium included in the petroleum and coal tax.

Australia Import: Value: Iron & Steel (IS): Pig-Iron, Spiegeleisen, Sponge Iron, Iron or Steel Granules & Powders & Ferro-Alloys data was reported at 7.000 AUD mn in Mar 2025. This stayed constant from the previous number of 7.000 AUD mn for Feb 2025. Australia Import: Value: Iron & Steel (IS): Pig-Iron, Spiegeleisen, Sponge Iron, Iron or Steel Granules & Powders & Ferro-Alloys data is updated monthly, averaging 8.000 AUD mn from Jan 1988 (Median) to Mar 2025, with 447 observations. The data reached an all-time high of 76.000 AUD mn in Oct 2008 and a record low of 2.000 AUD mn in Jul 1991. Australia Import: Value: Iron & Steel (IS): Pig-Iron, Spiegeleisen, Sponge Iron, Iron or Steel Granules & Powders & Ferro-Alloys data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.JA024: Imports: by Commodity: by 3 Digits SITC.

Australia Import: SITC: Value: MG: Iron and Steel data was reported at 442.000 AUD mn in Mar 2025. This records a decrease from the previous number of 447.000 AUD mn for Feb 2025. Australia Import: SITC: Value: MG: Iron and Steel data is updated monthly, averaging 240.000 AUD mn from Jan 1988 (Median) to Mar 2025, with 447 observations. The data reached an all-time high of 711.000 AUD mn in Oct 2008 and a record low of 51.000 AUD mn in Dec 1988. Australia Import: SITC: Value: MG: Iron and Steel data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.JA023: Imports: by Commodity: by 1 and 2 Digits SITC.

Exports - Iron & Steel Bars, Rods, Angles, Shapes & Sections in Australia increased to 7 AUD Million in February from 5 AUD Million in January of 2024. This dataset includes a chart with historical data for Australia Exports of Iron & Steel Bars, Rods, Angles, Shape.

Australia Import: Value: IS: Wire of Iron or Steel data was reported at 17.000 AUD mn in Mar 2025. This stayed constant from the previous number of 17.000 AUD mn for Feb 2025. Australia Import: Value: IS: Wire of Iron or Steel data is updated monthly, averaging 9.000 AUD mn from Jan 1988 (Median) to Mar 2025, with 447 observations. The data reached an all-time high of 31.000 AUD mn in Mar 2022 and a record low of 2.000 AUD mn in Sep 1991. Australia Import: Value: IS: Wire of Iron or Steel data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.JA024: Imports: by Commodity: by 3 Digits SITC.

Australia Import Value: SITC: MS: Ferrous Waste & Scrap & Remelting Scrap Ingots of Iron or Steel data was reported at 0.000 AUD mn in Mar 2025. This stayed constant from the previous number of 0.000 AUD mn for Feb 2025. Australia Import Value: SITC: MS: Ferrous Waste & Scrap & Remelting Scrap Ingots of Iron or Steel data is updated monthly, averaging 0.000 AUD mn from Jan 1988 (Median) to Mar 2025, with 447 observations. The data reached an all-time high of 36.000 AUD mn in Nov 2021 and a record low of 0.000 AUD mn in Mar 2025. Australia Import Value: SITC: MS: Ferrous Waste & Scrap & Remelting Scrap Ingots of Iron or Steel data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.JA024: Imports: by Commodity: by 3 Digits SITC.

Stainless Steel Angle Price in Australia - 2023. Find the latest marketing data on the IndexBox platform.

Learn about the increasing demand for hot-rolled bars in free-cutting steels in Australia and how the market is expected to grow over the next decade. Market performance is forecast to expand with a CAGR of +1.5% in volume and +1.9% in value from 2024 to 2035, reaching 1.5K tons and $2.2M respectively.

In December 2024, the producer price index (PPI) value of structural timber was measured at 165.1 across six capital cities in Australia. The highest PPI recorded in the given time period was in September 2022. Producer price indexes are used to measure the price change of products, goods, and services during the production process.

Exports of - Iron & Steel in Australia decreased to 93 AUD Million in February from 126 AUD Million in January of 2024. This dataset includes a chart with historical data for Australia Exports of Fob - Iron & Steel.

In 2024, iron ore was worth an average of approximately *** U.S. dollars per dry metric ton unit (dmtu), compared to only ** U.S. dollars per dmtu in 2000. The month with the highest average iron ore price in 2021 was June, at over *** U.S. dollars per dmtu. Iron ore: market context and price fluctuation Iron ore is composed of minerals and rocks from which metallic iron can be extracted. Iron ore is an important part of the world economy, as a large proportion of iron ore is used to make steel, which is a widely used material globally. In a given year, the monthly price of iron ore varies noticeably, ranging for example from a high of ****** U.S. dollars per dmtu in June 2021 down to a low of ***** U.S. dollars per dmtu in November 2021. Major iron ore producing nations Australia has the world's largest iron ore reserves, at ** billion metric tons of crude iron ore and is also the world's largest producer of iron ore. Not surprisingly, China, the world's leading steel manufacturer, is also the world's leading importer of iron. In recent years, China's iron imports have increased significantly, from ****** million metric tons in 2004, to over *** billion metric tons in 2018.