Steel fell to 3,086 CNY/T on July 11, 2025, down 0.61% from the previous day. Over the past month, Steel's price has risen 5.22%, but it is still 6.46% 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 July of 2025.

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.

Metal and Steel Price: Delhi: Cold Rolled Coils 1.00 mm data was reported at 67,850.000 INR/Metric Ton in Apr 2025. This records an increase from the previous number of 66,080.000 INR/Metric Ton for Mar 2025. Metal and Steel Price: Delhi: Cold Rolled Coils 1.00 mm data is updated monthly, averaging 48,690.000 INR/Metric Ton from Aug 2003 (Median) to Apr 2025, with 257 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.

Metal and Steel Price: Mumbai: Cold Rolled Coils 0.63 mm data was reported at 70,280.000 INR/Metric Ton in Apr 2025. This records an increase from the previous number of 68,510.000 INR/Metric Ton for Mar 2025. Metal and Steel Price: Mumbai: Cold Rolled Coils 0.63 mm data is updated monthly, averaging 48,540.000 INR/Metric Ton from Aug 2003 (Median) to Apr 2025, with 257 observations. The data reached an all-time high of 103,330.000 INR/Metric Ton in Apr 2022 and a record low of 27,750.000 INR/Metric Ton in Oct 2003. Metal and Steel Price: Mumbai: Cold Rolled Coils 0.63 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.WAC006: Metal and Steel Retail Prices: Mumbai: Monthly.

The Wholesale Price Index of semi finished stainless steel across India during financial year 2024 was around ***. The price index of stainless steel increased by about ** percent from the base financial year of 2012. A huge increase in the index value of the stainless steel was seen in 2022.

At the end of fiscal year 2024, the Wholesale Price Index of metal products across India was around 139. This meant an increase in the WPI of more than 39 percent from the base year of 2012. An overall increase in the price index value was noted over the years from financial year 2013 in the country.

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).

HRC Steel fell to 876.95 USD/T on July 11, 2025, down 0.57% from the previous day. Over the past month, HRC Steel's price has risen 1.73%, and is up 31.87% 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.

At the end of fiscal year 2024, the Wholesale Price Index of steel pipes and tubes across India was 138. This meant an increase in the WPI of 38 percent from the base year of 2012. India was the second largest steel producer in the world during the same period, just after China.

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.

Metal and Steel Price: Mumbai: Plates 10 mm data was reported at 61,870.000 INR/Metric Ton in Apr 2025. This records an increase from the previous number of 60,540.000 INR/Metric Ton for Mar 2025. Metal and Steel Price: Mumbai: Plates 10 mm data is updated monthly, averaging 44,650.000 INR/Metric Ton from Aug 2003 (Median) to Apr 2025, with 257 observations. The data reached an all-time high of 90,160.000 INR/Metric Ton in Apr 2022 and a record low of 23,100.000 INR/Metric Ton in Oct 2003. Metal and Steel Price: Mumbai: Plates 10 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.WAC006: Metal and Steel Retail Prices: Mumbai: Monthly. [COVID-19-IMPACT]

The change rate of steel production was approximately *** percent in fiscal year 2025. It was an increase from the previous year's **** percent. The steel industry was one of the eight core industries of the country.

After two years of growth, the Indian market for hot-rolled bars of high speed steel decreased by -3.3% to $7B in 2024. In general, the total consumption indicated a noticeable expansion from 2012 to 2024: its value increased at an average annual rate of +3.9% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +11.9% against 2020 indices.

In financial year 2024, the annual growth rate of finished steel consumption in India was estimated at **** percent. It was a decrease in comparison to 2023's **** percent growth rate. In 2023, the consumption of finished steel in India was at *** million metric tons.

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

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Carbon Steel Market Size 2024-2028

The carbon steel market size is forecast to increase by USD 187.59 billion at a CAGR of 3.58% between 2023 and 2028.

The market is experiencing significant growth, driven primarily by the increasing demand in the construction industry for its durability and cost-effectiveness. This sector's expansion is further fueled by the global shift towards sustainable manufacturing practices, as carbon steel's production process emits less greenhouse gases compared to other steel types. However, the market is not without challenges. Volatile prices of raw materials, such as iron ore and coal, pose a significant threat to market growth. Producers must navigate these price fluctuations to maintain profitability and remain competitive. To capitalize on market opportunities and navigate challenges effectively, companies must focus on operational efficiency, supply chain optimization, and strategic sourcing of raw materials. Additionally, investments in research and development to improve production processes and create value-added products can differentiate market players and provide a competitive edge. Overall, the market presents a compelling growth opportunity for investors and businesses, with the potential for significant returns in the long term.

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

Request Free SampleCarbon steel, a fundamental component in construction and engineering, continues to shape industries with its versatile properties and evolving trends. Steel architecture's growth is driven by stringent safety standards and advanced forming processes, leading to innovative product development. Traceability and certification are crucial in ensuring steel's quality and reliability, while R&D and collaborations propel industry 4.0 and circular economy initiatives. Microstructure analysis and inspection standards play a pivotal role in enhancing steel's performance and sustainability. Simulation, testing methods, and optimization software facilitate efficient manufacturing processes and smart steel applications. Industry associations and partnerships foster knowledge exchange and digitalization, enabling a competitive market landscape. Steel's investment potential lies in its versatility, as it adapts to various engineering applications and welding processes. Sustainability initiatives and quality control measures further strengthen its appeal. Green steel, a promising trend, focuses on reducing carbon emissions and improving overall environmental impact. In the realm of steel manufacturing, collaboration, innovation, and adherence to industry standards are key to staying competitive. The future holds exciting possibilities as steel continues to adapt and evolve, offering endless opportunities for businesses.

How is this Carbon Steel Industry segmented?

The carbon steel industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. End-userConstructionShipbuildingAutomotiveTransportationOthersTypeLow carbon steelMedium carbon steelHigh carbon steelProductLong SteelFlat SteelTubular SteelGeographyAPACChinaIndiaJapanEuropeFranceGermanyItalyUKNorth AmericaUSCanadaMiddle East and AfricaEgyptKSAOmanUAESouth AmericaArgentinaBrazil

By End-user Insights

The construction segment is estimated to witness significant growth during the forecast period.Carbon steel plays a pivotal role in various industries, including construction, manufacturing, energy, and transportation. In the construction sector, carbon steel's high strength and ductility make it an ideal choice for constructing high-rise buildings, tech parks, roads, highways, bridges, and other infrastructure projects. The global construction industry is experiencing moderate growth, driven by the increasing demand for residential and commercial buildings worldwide. Heavy equipment and industrial machinery also rely heavily on carbon steel for their manufacturing due to its heat resistance and wear resistance. The energy sector utilizes carbon steel pipes and plates for their high strength-to-weight ratio and corrosion resistance, making them suitable for transporting oil and gas. Steel manufacturers employ various processes such as forming, finishing, optimization, and recycling to produce different grades of carbon steel, including high strength steel, stainless steel, and alloy steel. These grades cater to diverse applications, including automotive, aerospace, and advanced technology industries. Steel suppliers and distributors play a crucial role in the steel supply chain by ensuring timely delivery of steel products to various industries. Steel prices are influenced by several factors, including production costs, demand, and market conditions. Steel research an

Steel Prices: Delhi: Kalkaji Market: Mild Steel Sheets Galvanised Plain: 1.25 mm Thickness data was reported at 52,000.000 INR/Metric Ton in Jun 2016. This stayed constant from the previous number of 52,000.000 INR/Metric Ton for Mar 2016. Steel Prices: Delhi: Kalkaji Market: Mild Steel Sheets Galvanised Plain: 1.25 mm Thickness data is updated quarterly, averaging 52,000.000 INR/Metric Ton from Mar 2014 (Median) to Jun 2016, with 6 observations. The data reached an all-time high of 62,000.000 INR/Metric Ton in Jun 2014 and a record low of 47,000.000 INR/Metric Ton in Dec 2015. Steel Prices: Delhi: Kalkaji Market: Mild Steel Sheets Galvanised Plain: 1.25 mm Thickness 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).

As of December 2022, the cost of structural steel was the highest in Mumbai, India, with *** U.S. dollars per metric ton. It was the cheapest in Pune and Bangalore, with *** metric ton costing *** U.S. dollars.

The Indian steel and iron articles market declined to $12.5B in 2024, reducing by -2% against the previous year. The market value increased at an average annual rate of +2.5% from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $15.2B in 2020; however, from 2021 to 2024, consumption remained at a lower figure.

India Hot Rolled & Cold Rolled Steel Market was valued at USD 171.11 Billion in 2024 and is expected to reach USD 270.49 Billion by 2030 with a CAGR of 7.77% during the forecast period.