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 2025, the price of reinforcment bars of 16 millimeters in Toronto and Vancouver amounted to 2,500 Canadian dollars per tonne. Meanwhile, structural steel universal l beams cost 4,500 Canadian dollars per tonne. The price of these steel building materials were the same in both cities.

This table contains 215 series, with data for years 1956 - 2013 (not all combinations necessarily have data for all years). This table contains data described by the following dimensions (Not all combinations are available): Geography (1 items: Canada ...), Commodities (215 items: Primary metal products; Iron and steel products; Primary steel products; Ferrosilicon ...).

In 2024, the Canadian hot-rolled steel products market decreased by -6.3% to $6.1B, falling for the second year in a row after two years of growth. Overall, consumption, however, continues to indicate a mild curtailment. Over the period under review, the market hit record highs at $7.8B in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

Iron and Steel Price in Canada - 2023. Find the latest marketing data on the IndexBox platform.

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).

Wholesale Prices in Canada increased to 146.10 points in September from 143.60 points in August of 2025. This dataset provides - Canada Raw Materials Prices- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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 average hot-rolled free-cutting steel export price stood at $1,118 per ton in February 2025, almost unchanged from the previous month.

Canada Commodity Price Index: Metals and Minerals data was reported at 882.930 Jan1972=100 in Apr 2025. This records an increase from the previous number of 876.330 Jan1972=100 for Mar 2025. Canada Commodity Price Index: Metals and Minerals data is updated monthly, averaging 293.930 Jan1972=100 from Jan 1972 (Median) to Apr 2025, with 640 observations. The data reached an all-time high of 1,076.840 Jan1972=100 in Apr 2022 and a record low of 100.000 Jan1972=100 in Jan 1972. Canada Commodity Price Index: Metals and Minerals data remains active status in CEIC and is reported by Bank of Canada. The data is categorized under Global Database’s Canada – Table CA.I025: Commodity Price Index: Jan1972=100: Monthly.

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

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.

Industrial product price index (IPPI), by major product group by North American Product Classification System (NAPCS) 2017 Version 2.0. Monthly data are available from January 1956. The table presents data for the most recent reference period and the last four periods. The base period for the index is (202001=100).

Commodity Price Index: Agriculture data was reported at 330.640 Jan1972=100 in Oct 2025. This records a decrease from the previous number of 332.630 Jan1972=100 for Sep 2025. Commodity Price Index: Agriculture data is updated monthly, averaging 130.070 Jan1972=100 from Jan 1972 (Median) to Oct 2025, with 646 observations. The data reached an all-time high of 387.220 Jan1972=100 in May 2022 and a record low of 100.000 Jan1972=100 in Jan 1972. Commodity Price Index: Agriculture data remains active status in CEIC and is reported by Bank of Canada. The data is categorized under Global Database’s Canada – Table CA.I: Commodity Price Index: Jan1972=100: Monthly.

Steel Railway Material Price in Canada - 2023. Find the latest marketing data on the IndexBox platform.

Canada Raw Materials Price Index: Metal ores, Concentrates & Scrap data was reported at 116.600 2010=100 in Sep 2020. This records a decrease from the previous number of 117.300 2010=100 for Aug 2020. Canada Raw Materials Price Index: Metal ores, Concentrates & Scrap data is updated monthly, averaging 97.700 2010=100 from Jan 2010 (Median) to Sep 2020, with 129 observations. The data reached an all-time high of 121.600 2010=100 in Feb 2011 and a record low of 79.500 2010=100 in Dec 2015. Canada Raw Materials Price Index: Metal ores, Concentrates & Scrap data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.I021: Raw Materials Price Index: 2010=100.

This table contains 14 series, with data for years 1977 - 1995 (not all combinations necessarily have data for all years), and was last released on 2000-02-18. This table contains data described by the following dimensions (Not all combinations are available): Geography (4 items: Canada; Atlantic provinces and Quebec; Ontario; Prairie provinces and British Columbia ...), Manufacturer-installer selling price indexes (4 items: Field erected fabricated steel; Bulk storage tanks; Buildings; Bridges ...), Index base period (2 items: 1986=100; 1981=100 ...).

Canada Export Price Index: Customs: FM: Steel Bars, Rods, Plates, Sheets data was reported at 121.900 2002=100 in Aug 2012. This records a decrease from the previous number of 125.600 2002=100 for Jul 2012. Canada Export Price Index: Customs: FM: Steel Bars, Rods, Plates, Sheets data is updated monthly, averaging 117.400 2002=100 from Jan 2002 (Median) to Aug 2012, with 128 observations. The data reached an all-time high of 164.000 2002=100 in Oct 2008 and a record low of 88.800 2002=100 in Nov 2003. Canada Export Price Index: Customs: FM: Steel Bars, Rods, Plates, Sheets data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.I029: Export Price Index: 2002=100.

For the third year in a row, the Canadian market for slabs, billets and blooms of iron and steel recorded decline in sales value, which decreased by -7.5% to $7.5B in 2024. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $9.2B. From 2022 to 2024, the growth of the market failed to regain momentum.

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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