Iron and steel scrap prices in the United State stood at around 325 U.S. dollars per metric ton in 2024. 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 various 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.

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.

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 555 U.S. dollars per metric ton—a 15 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 717.7 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 529 billion yuan (approximately 82 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 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.

From May to August 2018, rebar products cost 710 U.S. dollars per short ton. Rebar, which is short for reinforcing bar, is used to reinforce concrete or other aspects of masonry in order to provide tensile strength to large structures.

Explore the dynamic factors influencing steel prices per ton, including market demand, geopolitical stability, production costs, and regional developments. Understand how these elements impact global pricing trends and the importance of staying informed in a fluctuating market.

This statistic shows the monthly prices of U.S. flat rolled steel throughout 2018, with a breakdown by main product type. Flat rolled steel is often used in pipe work, boilers, and construction. Plate steel, which is a relatively thick product and used in shipbuilding, cost 700 U.S. dollars per short ton at the start of 2018 in January.

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.

Learn about the various factors that influence the price of iron steel per ton and how global events like the COVID-19 pandemic can impact steel prices.

This statistic shows steel scrap prices worldwide between the 2013 and 2016 calendar years, and gives a forecast through 2021. In 2018, it is expected that the price of steel scrap will come to around 197 U.S. dollars per metric ton.

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.

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.

During the last quarter of 2024, the steel plate prices in the United States reached 1126 USD/Ton in December. The market experienced price volatility due to inconsistent sector performance and cautious buyer mood. Although car sales increased, high mortgage rates and a lack of workers caused broader construction activity to lag. Although manufacturing appeared to be slightly improving, raw steel production was still below historical levels.

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

Metal and Steel Price: Mumbai: Tor Steel 25 mm data was reported at 57,440.000 INR/Metric Ton in Feb 2025. This records a decrease from the previous number of 58,160.000 INR/Metric Ton for Jan 2025. Metal and Steel Price: Mumbai: Tor Steel 25 mm data is updated monthly, averaging 42,700.000 INR/Metric Ton from Aug 2003 (Median) to Feb 2025, with 255 observations. The data reached an all-time high of 80,044.000 INR/Metric Ton in Mar 2022 and a record low of 18,900.000 INR/Metric Ton in Oct 2003. Metal and Steel Price: Mumbai: Tor Steel 25 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.

China Transaction Price: 36 City Avg: Stainless Steel: 2.0, 304/2B Cold Roll data was reported at 15,230.620 RMB/Ton in Jan 2025. This records a decrease from the previous number of 15,328.450 RMB/Ton for Dec 2024. China Transaction Price: 36 City Avg: Stainless Steel: 2.0, 304/2B Cold Roll data is updated monthly, averaging 16,547.000 RMB/Ton from Dec 2011 (Median) to Jan 2025, with 158 observations. The data reached an all-time high of 22,569.000 RMB/Ton in Jan 2012 and a record low of 13,381.000 RMB/Ton in Dec 2015. China Transaction Price: 36 City Avg: Stainless Steel: 2.0, 304/2B Cold Roll data remains active status in CEIC and is reported by Price Monitoring Center, NDRC. The data is categorized under China Premium Database’s Price – Table CN.PA: Price Monitoring Center, NDRC: 36 City Monthly Avg: Transaction Price: Production Material.

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).

The stainless steel prices in the United States for Q3 2024 reached 3985 USD/MT in September. The USA faced rise in prices driven by robust demand for stainless steel from sectors like automotive and construction. Despite challenges like increased imports and global market uncertainties, the pricing environment displayed strong upward momentum.

Explore IMARC’s newly published report, titled “Stainless Steel Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” offers an in-depth analysis of stainless steel pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

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

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 2023, the average selling prince of South Korean steel works company POSCO's carbon steel amounted to around 1.02 million South Korean won per metric ton. This was a slight decrease compared to the previous year, but still represented the second-highest number of the past decade.