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

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 Jun 2025 about fabrication, iron, steel, metals, buildings, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

Steel fell to 3,188 CNY/T on July 31, 2025, down 1.24% from the previous day. Over the past month, Steel's price has risen 5.21%, and is up 6.27% 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 August of 2025.

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.

Graph and download economic data for Producer Price Index by Industry: Fabricated Structural Metal Manufacturing (PCU332312332312) from Dec 2003 to Jun 2025 about fabrication, metals, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

United States - Producer Price Index by Industry: Fabricated Structural Metal Manufacturing: Fabricated Structural Iron and Steel for Commercial, Residential, Institutional, and Public Buildings was 200.16900 Index Jun 2011=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Fabricated Structural Metal Manufacturing: Fabricated Structural Iron and Steel for Commercial, Residential, Institutional, and Public Buildings reached a record high of 217.28300 in January of 2024 and a record low of 100.00000 in June of 2011. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Fabricated Structural Metal Manufacturing: Fabricated Structural Iron and Steel for Commercial, Residential, Institutional, and Public Buildings - last updated from the United States Federal Reserve on July of 2025.

The global automotive structural steel market was valued around USD 129,072 Million by 2025 and is expected to reach approximately USD 178,580.9 Million by 2035, at a CAGR of 3.3% between the forecasted years.

Metric	Value
Market Size in 2025	USD 129,072 Million
Projected Market Size in 2035	USD 178,580.9 Million
CAGR (2025 to 2035)	3.3%

Country-Wise Outlook

Country	CAGR (2025 to 2035)
United States	3.5%

Country	CAGR (2025 to 2035)
United Kingdom	3.1%

Region	CAGR (2025 to 2035)
European Union	3.3%

Country	CAGR (2025 to 2035)
Japan	3.0%

Country	CAGR (2025 to 2035)
South Korea	3.4%

Segmentation Outlook - Automotive Structural Steel Market

Manufacturing Process	Market Share (2025)
Hot Rolling Automotive Structural Steel	63.4%

Product Type	Market Share (2025)
High-Strength Automotive Structural Steel	68.9%

Competitive Outlook

Company Name	Estimated Market Share (%)
ArcelorMittal	15-18%
POSCO	12-15%
Nippon Steel Corporation	9-12%
thyssenkrupp AG	7-10%
Tata Steel	6-9%
Other Providers	36-43%

HRC Steel rose to 847.04 USD/T on August 1, 2025, up 0.84% from the previous day. Over the past month, HRC Steel's price has fallen 4.29%, but it is still 24.38% 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.

North America Structural Steel Fabrication Market is Segmented by End-user Industries (Manufacturing, Power and Energy, Construction, Oil and Gas, and Other End-user Industries) and Product Types (Heavy Sectional Steel, Light Sectional Steel, and Other Product Types). The report offers market sizes and forecasts in value (USD billion) for all the above segments.

The Report Covers India Structural Steel Manufacturers, Companies & Market Size and it is Segmented by End-user Industry and Product Type.

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.

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 ...).

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.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Fabricated Structural Metal (WPU107405) from Jun 1981 to May 2025 about fabrication, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

The Vietnam Structural Steel Fabrication Market Report is Segmented by End-Use Industry (manufacturing, Power and Energy, Construction, Oil and Gas, and Others) and by Product Type (heavy Sectional Steel, Light Sectional Steel, and Others). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

United States - Producer Price Index by Commodity: Metals and Metal Products: Hot Rolled Steel Bars, Plates, and Structural Shapes was 263.40500 Index Jun 1982=100 in June of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Hot Rolled Steel Bars, Plates, and Structural Shapes reached a record high of 334.08500 in July of 2022 and a record low of 94.00000 in August of 2001. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Metals and Metal Products: Hot Rolled Steel Bars, Plates, and Structural Shapes - last updated from the United States Federal Reserve on July of 2025.

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.

Snapshot img

Structural Steel Market Size 2024-2028

The structural steel market size is forecast to increase by USD 30.56 billion at a CAGR of 4.9% between 2023 and 2028.

The market is experiencing significant growth due to the increasing demand for housing and the construction of green buildings in various regions. Structural steel, as a sustainable and eco-friendly construction material, is gaining popularity in the development of LEED-certified buildings and high-rise structures. The market is driven by the rising production of steel in developing countries and the inorganic growth strategies adopted by key players. However, stringent regulations regarding the use of structural steel in construction projects pose a challenge to market growth. The trend toward green building construction and the increasing number of high-rise buildings are expected to fuel the demand for structural steel in the coming years. As a result, the market is anticipated to witness steady growth, providing opportunities for companies to expand their customer base and increase their market share. Key players in the market are focusing on strategic collaborations and product innovations to meet the evolving needs of their customers and stay competitive.

What will be the Size of the Market During the Forecast Period?

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The market is experiencing significant growth due to various factors, with a focus on energy conservation, waste reduction, and sustainable practices becoming increasingly prominent. These trends are driven by the need to minimize carbon emissions, reduce deforestation, and promote eco-friendly products in both residential and non-residential applications. In the residential sector, the demand for green building construction is on the rise. Structural steel's high strength-to-weight ratio makes it an ideal choice for constructing energy-efficient and eco-friendly houses. Additionally, the use of steel in modular construction reduces the amount of raw materials required and minimizes waste. Stainless steel, a type of structural steel, is gaining popularity due to its durability and recyclability. It is widely used in high-rise buildings and industrial applications, where strength and longevity are essential. The non-residential sector, particularly in the construction of LEED-certified buildings, is a significant consumer of structural steel. Eco-friendly steel, produced using computer-aided design (CAD), is becoming increasingly popular due to its reduced carbon footprint. This steel is manufactured using recycled raw materials, such as scrap metal, and produces fewer emissions during production compared to traditional steel.


Furthermore, the use of structural steel in green buildings not only helps in energy conservation but also contributes to improved housing conditions. Green buildings, which are designed to minimize the overall impact on the environment, are becoming a preferred choice for both residential and non-residential applications. The structural steel market is also witnessing a shift towards the use of lighter sectional steel, such as steel angles, in place of heavier alternatives. This trend is driven by the need to reduce the overall weight of structures, which in turn leads to lower transportation costs and reduced carbon emissions. In conclusion, the structural steel market is witnessing a significant shift towards eco-friendly and sustainable practices. The use of structural steel in energy-efficient and green buildings, along with the production of eco-friendly steel, is expected to drive the market's growth in the coming years. The demand for structural steel in both residential and non-residential applications, particularly in the industrial sector, is expected to remain strong due to its strength, durability, and recyclability

How is this market segmented and which is the largest segment?

The market 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.

Product

  Beams
  Angles
  Channels
  Round
  Others


End-user

  Non-residential
  Residential


Geography

  APAC

    China
    India
    Japan
    South Korea


  Europe

    Germany
    UK
    France


  North America

    US


  Middle East and Africa



  South America

    Brazil

By Product Insights

The beams segment is estimated to witness significant growth during the forecast period.

The market holds significance in the construction sector due to its superior strength-to-weight ratio, making it an ideal choice for various infrastructure projects. A notable development occurred in the new terminal, encompassing 1.0 million square feet, which is being constructed in two phases. The first phase, which involves the building of the arrivals and departures

GCC Structural Steel Fabrication Market was valued at USD 10.11 Billion in 2024 and is expected to reach USD 13.79 Billion by 2030 with a CAGR of 5.15% during the forecast period.

Pages	125
Market Size	2024: USD 10.11 Billion
Forecast Market Size	2030: USD 13.79 Billion
CAGR	2025-2030: 5.15%
Fastest Growing Segment	Metal forming
Largest Market	Saudi Arabia
Key Players	1. ArcelorMittal 2. Tata Steel Limited 3. Baosteel Group Corporation 4. Nippon Steel Corporation 5. JFE Steel Corporation 6. China Steel Corporation 7. TENARIS 8. Steel Dynamics, Inc

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.