Steel rose to 3,228 CNY/T on July 24, 2025, up 0.62% from the previous day. Over the past month, Steel's price has risen 9.54%, and is up 2.93% compared to the same time last year, 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 July of 2025.

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.

HRC Steel fell to 872.95 USD/T on July 24, 2025, down 0.12% from the previous day. Over the past month, HRC Steel's price has fallen 1.81%, but it is still 31.47% higher than a year ago, 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.

Why did the Stainless Steel (Flat) Price Change in May 2025? The Stainless Steel Flat Price Index in North American market declined significantly in the first quarter of 2025, closing at USD 3,389/MT for SS 304 HR Plate (6 x 1250 x 2000) DEL Texas, marking a 7.5% decrease QoQ.

Steel Prices: Delhi: Mahipalpur Market: Angle Iron: 75x75x6 data was reported at 38,000.000 INR/Metric Ton in Dec 2015. This records a decrease from the previous number of 40,000.000 INR/Metric Ton for Sep 2015. Steel Prices: Delhi: Mahipalpur Market: Angle Iron: 75x75x6 data is updated quarterly, averaging 42,500.000 INR/Metric Ton from Mar 2014 (Median) to Dec 2015, with 7 observations. The data reached an all-time high of 44,000.000 INR/Metric Ton in Sep 2014 and a record low of 38,000.000 INR/Metric Ton in Dec 2015. Steel Prices: Delhi: Mahipalpur Market: Angle Iron: 75x75x6 data remains active status in CEIC and is reported by Directorate of Economics and Statistics, Government of NCT of Delhi. The data is categorized under India Premium Database’s Metal and Steel Sector – Table IN.WAC014: Steel Prices: NCT of Delhi: Mahipalpur Market (Discontinued).

In the fourth quarter of 2023, the price of the flat steel in the USA reached 3479 USD/MT by December. Similarly, in China, the flat steel prices hit 1858 USD/MT in the same month. The Germany also saw flat steel prices reaching 3125 USD/MT during Q4 2023.

Explore IMARC’s newly published report, titled “Flat Steel Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of flat steel pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

Iron and steel scrap prices in the United States stood at around *** U.S. dollars per metric ton in 2024, down from *** dollars per ton a year earlier. This is the fourth consecutive annual decrease recorded. Steel scrap consumption The majority of domestic steel industry scrap consumption is from manufacturers of raw steel, and steel castings. These raw materials are used to produce steel products that are used for appliances, construction, machinery, and transportation, among other industry uses. Only small amounts of steel scrap were used for the production of ferroalloys, copper precipitation, and the chemical industry. Recycling scrap Recycled iron and steel scrap materials have been essential for the production of new steel and cast iron products. Vehicles are one of the largest sources of old steel scrap used for recycling and nearly 100 percent of cars are recycled for their scrap material. It is expected that the recycling rate for scrap materials from appliances and construction purposes should rise, especially as public interest for recycling grows and profitability increases.

Structural steel (FOB India) prices fell YoY in late 2023. From Oct ($598) to Dec ($515), consistent ~11-12% monthly drops were observed.

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

Steel Prices: Delhi: Kalkaji Market: Girders: 125x75 mm data was reported at 35,000.000 INR/Metric Ton in Jun 2016. This records a decrease from the previous number of 38,000.000 INR/Metric Ton for Mar 2016. Steel Prices: Delhi: Kalkaji Market: Girders: 125x75 mm data is updated quarterly, averaging 43,000.000 INR/Metric Ton from Mar 2014 (Median) to Jun 2016, with 10 observations. The data reached an all-time high of 48,000.000 INR/Metric Ton in Dec 2014 and a record low of 35,000.000 INR/Metric Ton in Jun 2016. Steel Prices: Delhi: Kalkaji Market: Girders: 125x75 mm data remains active status in CEIC and is reported by Directorate of Economics and Statistics, Government of NCT of Delhi. The data is categorized under India Premium Database’s Metal and Steel Sector – Table IN.WAC012: Steel Prices: NCT of Delhi: Kalkaji Market (Discontinued).

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

The electrical steel prices in the United States for Q3 2024 reached 5895 USD/MT in September. The prices of electrical steel in the country exhibited a sustained upward trajectory throughout Q3, reflecting a favorable market environment. Year-over-year price growth highlighted this positive momentum, with prices increasing in the second half of Q3 in comparison to the first.

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.

This statistic represents the projected change in global steel prices from the first quarter of 2012 to the fourth quarter of 2013. In the first quarter of 2012, global steel prices were down *** percent.

The Electrical Steel market in North America experienced modest stability in Q1 2025, characterized by a quarter-ending price of USD 5,710/MT for Electrical Steel (M15-C5) Coil delivered to Tijuana, USA. This price remained stable compared to Q4 2024, where fluctuations were more pronounced due to shifting demand dynamics and supply chain adjustments. During the previous quarter, prices ranged widely as the market reacted to various influences, including heightened demand from the growing electric vehicle and renewable energy sectors.

Discover the latest update on US steel wire prices, as they experience a modest decline to $1,830 per ton, and learn about factors influencing the market

In 2024, the Europe cold-rolled steel products market decreased by -3.4% to $38.1B, falling for the second consecutive year after two years of growth. In general, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $52.7B in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Steel Mill Products (WPU1017) from Jan 1939 to Jun 2025 about mills, steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

The basic steel processing industry revenue is set to climb at a compound annual rate of 2.4% over the five years through 2025-26 to just over £1.2 billion, including a 2.7% hike in 2025-26. Industry revenue has been highly volatile in recent years, mostly down to volatile steel prices. Supply chain disruptions and soaring energy costs amid Russia’s invasion of Ukraine conflict caused steel prices to skyrocket in 2022-23, ballooning production costs for basic steel processing companies. While this inflated revenue as companies passed on the cost hikes, sales volumes remained subdued as the same challenging market conditions ate away at downstream buyers’ demand for cold-formed steel products. Due to the steep steel prices and inflated energy costs over 2022-23 and part of 2023-24, basic steel processing companies have struggled to remain profitable despite raising their prices. As steel prices are easing in 2025-26, profitability is set to see some improvement, reaching 6.4% in 2025-26. However, price volatility will continue to permeate the industry, particularly because of the US’s new “Liberation Day” tariffs on steel and aluminium products. While the UK reached a trade agreement with the US on 8 May 2025 to exempt British steel and aluminium products, the tariffs on other countries are set to spark trade diversions, supply chain restructuring and retaliatory tariffs in other markets, impacting global steel prices and industry revenue. Still, strong investment from British car manufacturers is set to support domestic demand for cold-formed steel products in 2025-26 and the coming years, shielding basic steel processing companies from the volatility of export markets. Over the five years through 2030-31, industry revenue is forecast to climb at a compound annual rate of 1.5% to £1.3 billion. Growth in vehicle and aerospace manufacturing output is set to support demand for cold-formed steel products. The oversupply of cheap steel in the global market will remain the most significant threat to UK cold-formed steel product manufacturers. However, UK steel import tariffs are set to protect national steel processors until 9 February 2028 when the anti-dumping measure expires. This will also keep input costs high for companies that aren’t vertically integrated or have their steel furnaces in other countries, like Voestalpine, limiting industry profitability.

European steel slab prices declined to $500/t CIF in April due to weak demand, marking a significant drop from earlier prices. The trend may persist in coming months.