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.

Explore the factors influencing the price of steel per ton, including types of steel, global demand and supply dynamics, geopolitical events, and market conditions. Understand how these elements affect industries such as construction and manufacturing.

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.

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.

China Transaction Price: 36 City Avg: Carbon Steel: 40mm, 45# data was reported at 3,937.800 RMB/Ton in Mar 2025. This records a decrease from the previous number of 3,984.430 RMB/Ton for Feb 2025. China Transaction Price: 36 City Avg: Carbon Steel: 40mm, 45# data is updated monthly, averaging 4,384.670 RMB/Ton from Dec 2011 (Median) to Mar 2025, with 160 observations. The data reached an all-time high of 6,111.880 RMB/Ton in May 2021 and a record low of 2,370.000 RMB/Ton in Dec 2015. China Transaction Price: 36 City Avg: Carbon Steel: 40mm, 45# 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.PG: Steel Price.

In the period of consideration, steel production in the United States fluctuated considerably. In particular, the production level decreased from **** million in 2019 to **** million metric tons in 2020 due to the narrowing down effects of the coronavirus pandemic on the American metal industry. The following year, the manufacturing level rose to **** million metric tons before declining to ** million in 2022. The U.S. steel market Since 2009, annual iron and steel manufacturing in the United States has increased from more than ** billion U.S. dollars in revenue to *** billion U.S. dollars in 2014. Still, the U.S. is among the Top 5 crude steel-producing countries, with a production level between ** and ** million metric tons from 2020 to 2022. One of the largest steel producers in the United States is the North-Carolina-based Nucor Corporation. In the 2022 financial year, the steel producer recorded some **** billion in revenue. In a global comparison of crude steel producers, Nucor was ranked sixteenth in 2022, producing around **** million metric tons of crude steel. Global steel production Over the last several years, the global production of crude steel has experienced consistent growth. Since 2003, annual crude steel production increased from ****** million metric tons to roughly *** billion metric tons in 2022, despite a dip in global demand in 2020 due to the coronavirus pandemic. China was the leading crude steel producer in 2022, holding more than half of the global market compared to other countries and regions. In particular, China Baowu Group, the world's larger steel maker, produced ***** million metric tons in 2022.

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.

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 November 2022, the fabricated structural metal price stood at $3,161 per ton (CIF, US), with an increase of 2.7% against the previous month.

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.

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.

Metal and Steel Price: Chennai: Blooms 150x150 mm data was reported at 39,280.000 INR/Metric Ton in Aug 2020. This stayed constant from the previous number of 39,280.000 INR/Metric Ton for Jul 2020. Metal and Steel Price: Chennai: Blooms 150x150 mm data is updated monthly, averaging 31,870.000 INR/Metric Ton from Aug 2003 (Median) to Aug 2020, with 198 observations. The data reached an all-time high of 48,876.000 INR/Metric Ton in Jun 2018 and a record low of 14,800.000 INR/Metric Ton in Oct 2003. Metal and Steel Price: Chennai: Blooms 150x150 mm data remains active status in CEIC and is reported by Joint Plant Committee. The data is categorized under India Premium Database’s Price – Table IN.PG005: Memo Items: Metal and Steel Price.

In 2023, a total of around 1.89 billion metric tons of crude steel were produced worldwide. This was almost the same as the previous year's production figure. Steel is an alloy made by combining iron and other elements.

Explore the various factors affecting steel rate per ton, including supply and demand dynamics, raw material costs, technological advancements, political influences, and economic conditions in construction and manufacturing industries. Understand how these elements shape the fluctuating steel prices.

The global average emissions intensity of steel production in 2023 was **** metric tons of carbon dioxide (tCO₂) per metric ton of crude steel cast. The CO₂ emissions intensity of steel production has increased by roughly six percent since 2007. The most carbon intensive steel production process is blast furnace-basic oxygen furnace (BF-BOF).

Hong Kong Wholesale Price: Glavanised Mild Steel: Steel Flats data was reported at 12,302.000 HKD/Ton in Aug 2018. This stayed constant from the previous number of 12,302.000 HKD/Ton for Jul 2018. Hong Kong Wholesale Price: Glavanised Mild Steel: Steel Flats data is updated monthly, averaging 9,991.500 HKD/Ton from May 2003 (Median) to Aug 2018, with 184 observations. The data reached an all-time high of 12,347.000 HKD/Ton in Jun 2018 and a record low of 2,983.000 HKD/Ton in May 2003. Hong Kong Wholesale Price: Glavanised Mild Steel: Steel Flats data remains active status in CEIC and is reported by Census and Statistics Department. The data is categorized under Global Database’s Hong Kong SAR – Table HK.P004: Wholesale Price: Construction Materials.

In 2023, some 40,000 metric tons of steel ingots were produced in the United Kingdom. This represents an increase of 38 percent compared to the previous year when the country manufactured 29,000 metric tons. In the period of consideration, British production peaked at 194,000 metric tons in 2011, and since then, it has constantly been declining.

In June 2023, the price of Steel Spring amounted to $2,595 per ton (FOB, China), which represents a decrease of 2.2% compared to the previous month.

In January 2023, the forged stainless steel bar price amounted to $6,948 per ton (CIF, United Kingdom), reducing by -7.8% against the previous month.

The carbon intensity of the iron and steel sector worldwide was 1.41 metric tons of CO2 per metric ton of steel in 2022. Although that value is somewhat lower than it was a decade earlier, it needs to reach 1.07 by 2030 in order to remain on the pathway toward net zero emissions.