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.

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

Explore the factors influencing structural steel prices, including raw material costs, energy consumption, trade policies, and supply chain challenges in a post-pandemic world. Understand how global economic trends and environmental sustainability practices are shaping the market as of late 2023, with prices ranging from $0.70 to $1.50 per kg. Stay informed with industry-specific insights for accurate, real-time pricing guidance.

Graph and download economic data for Producer Price Index by Industry: Fabricated Structural Metal Manufacturing: Fabricated Structural Iron and Steel for Industrial Buildings Metal Bar Joists, Short Span (PCU33231233231211) from Jun 2011 to May 2025 about fabrication, iron, steel, metals, buildings, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

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 ...).

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.

Graph and download economic data for Wholesale Price of Structural Steel for Pittsburgh, PA (M04134US38300M287NNBR) from Jan 1913 to Feb 1958 about Pittsburgh, wholesale, steel, PA, price, and USA.

Cyprus Construction Materials Price Index: Structural Steel data was reported at 105.306 2005=100 in Dec 2013. This stayed constant from the previous number of 105.306 2005=100 for Nov 2013. Cyprus Construction Materials Price Index: Structural Steel data is updated monthly, averaging 106.362 2005=100 from Jan 2005 (Median) to Dec 2013, with 108 observations. The data reached an all-time high of 151.490 2005=100 in Sep 2008 and a record low of 93.348 2005=100 in Jan 2010. Cyprus Construction Materials Price Index: Structural Steel data remains active status in CEIC and is reported by Statistical Service of Cyprus. The data is categorized under Global Database’s Cyprus – Table CY.EA008: Construction Materials Price Index: 2005=100.

The global structural steel market is experiencing robust growth, driven by burgeoning construction activities worldwide, particularly in developing economies. Infrastructure development projects, including high-rise buildings, bridges, and transportation networks, are significantly boosting demand. The increasing adoption of sustainable building practices and the rising need for stronger and more durable materials further fuel market expansion. While precise figures for market size and CAGR are not provided, a reasonable estimation based on industry reports and observed growth in related sectors suggests a 2025 market size of approximately $350 billion USD, with a compound annual growth rate (CAGR) of around 5% projected from 2025 to 2033. This growth trajectory is expected to continue, propelled by government initiatives focusing on infrastructure development and urbanization in regions like Asia-Pacific and the Middle East. However, fluctuating steel prices, raw material costs, and global economic uncertainties pose potential challenges to sustained market growth. Specific segments within the structural steel market are exhibiting varied growth rates. The angle structural steel and beam structure steel segments dominate due to their wide application in construction, followed by hollow steel sections which are popular in specialized engineering applications. Geographically, the Asia-Pacific region is projected to maintain its leading position, driven by rapid industrialization and infrastructural development in countries like China and India. North America and Europe also represent significant market shares, although growth rates might be slightly moderated compared to the Asia-Pacific region. The market faces challenges including the increasing use of alternative materials like composites and concrete in certain construction applications, as well as environmental concerns related to steel production and carbon emissions. Major players in the market, including ArcelorMittal, Nippon Steel Sumitomo Metal, and POSCO, are actively involved in innovation and strategic partnerships to enhance their market positions and address these challenges. This report provides a detailed analysis of the global structure steel market, projected to reach $700 billion by 2030. It offers insights into market dynamics, key players, emerging trends, and future growth prospects. The report utilizes extensive data analysis and industry expertise to deliver actionable intelligence for stakeholders across the value chain. Keywords: Structure Steel Market, Steel Construction, Beam Steel, Angle Steel, Hollow Steel Sections, Steel Fabrication, Structural Steel Prices, Steel Industry Trends, Construction Steel, Steel Market Analysis.

The global structural steel market, valued at $109.68 billion in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 4.2% from 2025 to 2033. This expansion is driven by several key factors. The burgeoning construction sector, particularly in developing economies experiencing rapid urbanization, fuels significant demand. Infrastructure development projects, including bridges, roads, and high-rise buildings, are major consumers of structural steel. Furthermore, advancements in steel production technologies, leading to higher strength and more sustainable materials, are contributing to market growth. Increased adoption of steel in transportation infrastructure (vehicles, railways, and shipbuilding) and the machinery industry also significantly contributes to market expansion. While fluctuations in raw material prices and global economic conditions may pose challenges, the long-term outlook for the structural steel market remains positive due to its essential role in numerous industries. The market segmentation reveals strong performance across various steel types, with I-beams, angle shapes, and hollow structural sections (HSS) dominating due to their versatile applications. The construction sector remains the largest application area, followed by transportation and machinery. Geographically, Asia-Pacific, particularly China and India, are major consumers, driven by extensive infrastructure projects and industrial growth. North America and Europe also represent significant markets, although growth rates might be slightly lower compared to the Asia-Pacific region due to relatively mature infrastructure. Key players like ArcelorMittal, Tata Steel, and Nippon Steel Sumitomo Metal are driving innovation and consolidating market share through strategic partnerships and capacity expansions. Competition is intense, with regional players also gaining prominence in specific geographic markets. The overall market trajectory indicates sustainable growth, though careful monitoring of economic conditions and raw material prices remains crucial for accurate forecasting.

The global structural steel market stood at a value of around USD 113.37 Billion in 2024. The market is further expected to grow at a CAGR of 5.70% in the forecast period of 2025-2034 to attain a value of USD 197.35 Billion by 2034.

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 global hot-rolled structural steel market is experiencing robust growth, driven by the burgeoning construction and infrastructure sectors worldwide. The market, estimated at $150 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033, reaching an estimated value of $210 billion by 2033. This expansion is fueled by several key factors, including increasing urbanization, rising disposable incomes in developing economies leading to greater infrastructure investment, and ongoing global industrialization driving demand in manufacturing and machinery sectors. The increasing adoption of sustainable construction practices, although posing initial challenges, is also expected to create new opportunities within the market as manufacturers adapt to produce more environmentally friendly steel. Strong growth is anticipated in regions like Asia-Pacific, particularly in China and India, due to their rapid economic development and significant infrastructure projects. However, market growth is not without its challenges. Fluctuations in raw material prices, particularly iron ore and coking coal, exert considerable pressure on production costs and profitability. Furthermore, stringent environmental regulations aimed at reducing carbon emissions are impacting steel production processes, necessitating investment in cleaner technologies and potentially increasing overall production costs. Competition among major steel producers is fierce, requiring manufacturers to continually innovate and optimize their operations to maintain market share. The ongoing geopolitical uncertainties and potential supply chain disruptions also pose risks to the market's steady growth trajectory. Despite these challenges, the long-term outlook remains positive, driven by the continued need for steel in crucial infrastructure projects and industrial development globally. The market segmentation, including carbon structure steel and alloy structure steel, caters to diverse applications in the construction, transportation, and machinery industries.

The global structural steel fabrication market, valued at $120,170 million in 2017, is projected to experience steady growth. While a precise current market size isn't provided, extrapolating from the 2017 figure and a Compound Annual Growth Rate (CAGR) of 2.3%, we can estimate a substantial increase by 2025. Considering typical market fluctuations and the influence of factors like infrastructure development and construction activity, a conservative estimate would place the 2025 market value in the range of $140-150 billion. Drivers for this growth include increased investments in infrastructure projects globally, particularly in developing economies experiencing rapid urbanization. The rising demand for high-rise buildings, bridges, and other large-scale structures further fuels market expansion. However, challenges such as fluctuating steel prices, labor shortages in skilled welding and fabrication, and concerns about environmental sustainability (carbon emissions from steel production) act as restraints to growth. The market is segmented by various factors, including application (e.g., buildings, bridges, industrial structures), type of steel used, and geographical region. Key players in this competitive landscape, such as O'Neal Manufacturing Service, BTD Manufacturing, and Kapco, are constantly innovating to improve efficiency, reduce costs, and meet the growing demand for sustainable steel fabrication solutions.
The forecast period from 2025 to 2033 anticipates continued growth, albeit at a potentially moderated pace compared to previous years. Factors influencing this include potential economic slowdowns, shifts in construction material preferences, and the evolving regulatory landscape concerning carbon emissions. Nevertheless, the long-term outlook remains positive, driven by ongoing infrastructure needs and the increasing adoption of advanced technologies in steel fabrication, such as automation and digital design tools. This sector will likely see continued consolidation as larger firms acquire smaller ones to gain market share and scale of operations. A deeper dive into regional variations would reveal differing growth trajectories influenced by local economic conditions and government policies.

The North America structural steel fabrication market, currently valued at an estimated $25 billion in 2025, is projected to experience robust growth, driven by a Compound Annual Growth Rate (CAGR) of 5.83% from 2025 to 2033. This expansion is fueled by several key factors. The ongoing surge in construction activities, particularly in infrastructure development and commercial projects across the United States, Canada, and Mexico, significantly boosts demand for fabricated steel. Furthermore, the increasing adoption of sustainable building practices, with steel recognized as a recyclable and durable material, further propels market growth. The energy sector's ongoing investments in renewable energy infrastructure, such as wind turbine towers and solar panel mounting structures, also contribute to this upward trend. While potential supply chain disruptions and fluctuations in steel prices pose challenges, the long-term outlook remains positive, especially with government initiatives promoting infrastructure modernization and sustainable development. The market segmentation reveals a strong demand across various end-user industries, including manufacturing, power and energy, and construction, with heavy sectional steel maintaining a significant market share. Leading companies like Valmont Industries Inc, Cornerstone Building Brands Inc, and Groupe Canam Inc are leveraging their expertise and innovative solutions to capitalize on this growing market. The market's growth trajectory is expected to be further influenced by technological advancements in steel fabrication techniques, leading to increased efficiency and reduced costs. The increasing use of automation and robotics in fabrication processes, along with the development of high-strength, lightweight steel alloys, are key trends shaping the industry's future. Competition among established players and emerging companies will intensify, fostering innovation and driving down prices for consumers. However, navigating potential raw material price volatility and maintaining a skilled workforce will remain crucial for market players to sustain profitability and competitiveness in the coming years. The forecast suggests a continued expansion of the market throughout the forecast period (2025-2033), underpinned by consistent growth in infrastructure investments and the ongoing need for robust and sustainable construction materials across North America. Recent developments include: Jun 2022: Vancouver-based BM Group acquired LE Steel Fabricators Ltd. This acquisition will give them the opportunity to enter an existing sector from a different angle while carrying out more substantial repair and restoration operations. Additionally, BM Group's clients benefit from cost reductions, efficiency, and other advantages as a result of its strong financial position and varied portfolio of companies., Apr 2022: Terex announced the acquisition of Steelweld, a large parts manufacturer based in Northern Ireland. The acquisition of Steelweld will support Materials Processing's growth strategy by increasing its manufacturing capacity in Northern Ireland.. Key drivers for this market are: 3., Rapid Growth In the Infrastructure Sector3.; Increased Demand for Steel Products. Potential restraints include: 3., Rapid Growth In the Infrastructure Sector3.; Increased Demand for Steel Products. Notable trends are: Increased Use of Blockchain, Internet of Things, and Industry 5.0.

Ireland WPI: Construction Materials: Structural Steel data was reported at 166.500 2000=100 in Mar 2010. This stayed constant from the previous number of 166.500 2000=100 for Feb 2010. Ireland WPI: Construction Materials: Structural Steel data is updated monthly, averaging 155.100 2000=100 from Jan 2000 (Median) to Mar 2010, with 123 observations. The data reached an all-time high of 203.200 2000=100 in Aug 2008 and a record low of 96.500 2000=100 in Jan 2000. Ireland WPI: Construction Materials: Structural Steel data remains active status in CEIC and is reported by Central Statistics Office of Ireland. The data is categorized under Global Database’s Ireland – Table IE.I018: Wholesale Price Index: 2000=100.

The global structural steel market, valued at $113.09 billion in 2025, is projected to experience robust growth, driven by a Compound Annual Growth Rate (CAGR) of 4.9% from 2025 to 2033. This expansion is fueled by several key factors. Firstly, the burgeoning construction sector, particularly in developing economies across Asia-Pacific and the Middle East, necessitates significant quantities of structural steel for high-rise buildings, bridges, and infrastructure projects. Secondly, the increasing demand for sustainable and durable construction materials is bolstering the adoption of steel due to its recyclability and strength. Government initiatives promoting infrastructure development further contribute to market growth. While challenges such as fluctuating steel prices and potential supply chain disruptions exist, the long-term outlook remains positive. The market segmentation reveals strong demand across both residential and non-residential construction, with beams, angles, and channels representing dominant product categories. Competitive pressures are high, with leading companies employing strategies focused on technological advancements, vertical integration, and geographic expansion to maintain market share. Regional analysis indicates significant growth potential in APAC, particularly in China and India, driven by rapid urbanization and industrialization. North America and Europe also represent substantial markets, albeit with comparatively slower growth rates. The competitive landscape is characterized by a blend of established players and emerging entrants. Companies are adopting strategies focused on innovation, cost optimization, and strategic partnerships to gain a competitive edge. This includes investing in advanced manufacturing technologies to improve efficiency and product quality, expanding distribution networks to reach new markets, and focusing on sustainable practices to appeal to environmentally conscious clients. Industry risks include geopolitical instability impacting raw material prices, economic downturns affecting construction activity, and increasing regulatory scrutiny regarding environmental impact. However, the resilience of the construction industry and the inherent advantages of structural steel are expected to mitigate these risks, driving continued market growth throughout the forecast period. Detailed analysis of specific company strategies and regional market dynamics would further refine this outlook.

The global structural steel fabrication services market is experiencing robust growth, driven by the burgeoning construction and infrastructure sectors worldwide. While the exact market size for 2025 isn't provided, considering typical market sizes for similar industries and a plausible CAGR (let's assume a conservative 5% CAGR based on general industry trends), we can estimate a market value of approximately $150 billion for 2025. This substantial market is projected to expand at a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033, reaching an estimated value of $230 billion by 2033. This growth trajectory is fueled by several key factors, including increasing urbanization, rising industrialization, and significant investments in transportation infrastructure globally. The demand for sustainable and efficient construction methods is also boosting the adoption of advanced steel fabrication techniques, further contributing to market expansion. Various steel shapes, including I-beams, angles, hollow structural sections (HSS), Z-shapes, and T-shapes, cater to diverse applications across construction, transportation, machinery, and other industries. The market is characterized by a competitive landscape featuring numerous regional and global players such as O’Neal Manufacturing Services, High Steel Structures LLC, and others. While growth is widespread, regional variations exist due to factors like economic development levels, infrastructure spending, and government policies. North America and Asia-Pacific are expected to dominate the market, followed by Europe, owing to their robust construction activities and significant industrial presence. However, challenges like fluctuating steel prices, skilled labor shortages, and increasing regulatory compliance costs pose potential restraints to market growth. Strategic partnerships, technological advancements in fabrication techniques, and a focus on sustainability will be crucial for companies to navigate these challenges and capitalize on the market’s growth potential.

The global Steel H Beam market is experiencing robust growth, projected to reach a market size of $15 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 6% from 2025 to 2033. This expansion is driven by the burgeoning construction industry, particularly in infrastructure development and high-rise buildings, where Steel H Beams are a crucial structural component. Increased urbanization and industrialization in developing economies are further fueling demand. Technological advancements in steel production, leading to improved strength and cost-effectiveness, also contribute significantly to market growth. However, fluctuating steel prices and the impact of global economic conditions represent potential restraints on market expansion. The market is segmented by various factors, including beam size, grade of steel, and end-use application (construction, manufacturing, etc.). Key players such as Hangxiao Steel Structure, Shenggang Construction Industry, and Shandong Yuxinsheng Steel are leveraging technological advancements and strategic partnerships to gain a competitive edge. The competitive landscape is characterized by both domestic and international players, leading to innovation and price competition. The forecast period (2025-2033) anticipates continued growth, driven by sustained infrastructure investments globally and an increasing preference for Steel H Beams due to their superior strength-to-weight ratio and design flexibility compared to alternative materials. The market will witness further segmentation based on regional variations in demand, building codes, and infrastructure projects. While challenges such as raw material price volatility remain, the long-term outlook for the Steel H Beam market remains optimistic, spurred by continued global construction activities and technological advancements within the steel industry. Strategic acquisitions, mergers, and expansions are expected to reshape the competitive landscape during this period.

The value of the steel structures market in Poland reached a record amount of 7.1 billion zloty, increasing by 20 percent from the previous year.