Steel Price Trends Analysis in North America: 2025 Overview

Steel Prices in the United States:

In the USA, Steel Prices averaged USD 885/MT, supported by firm demand from automotive, construction, and machinery sectors. The Steel Price Trend Report notes that stable mill operations and improved scrap availability kept pricing steady. Insights from the Steel Historical Price Chart reveal a mild upward pattern, reflecting consistent project activity and resilient domestic consumption toward the end of 2025.

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Steel Price Trends Analysis in Europe: 2025 Overview

Steel Prices in Germany:

Germany recorded Steel Prices at USD 806/MT, shaped by moderate industrial output and cautious buying sentiment across manufacturers. As highlighted in the Steel Price Trend Report, subdued activity in construction and engineering sectors resulted in stable-to-soft pricing. The Steel Historical Price Chart shows slight fluctuations driven by energy costs and varying mill utilization rates across key European steel hubs.

Regional Analysis: The price analysis can be extended to provide detailed Steel price information for the following list of European countries.

Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries.

Steel Price Trends Analysis in APAC: 2025 Overview

Steel Prices in Malaysia:

Malaysia posted Steel Prices of USD 558/MT, reflecting competitive domestic output and softened import demand. According to the Steel Price Trend Report, ample supply and moderated infrastructure activity influenced market stability. The Steel Historical Price Chart indicates a relatively stable performance with minor corrections, supported by balanced inventory levels and predictable downstream consumption in the building and manufacturing sectors.

Regional Analysis: The price analysis can be extended to provide detailed Anhydrous Ammonia price information for the following list of countries.

China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries.

Steel Price Trends Analysis in North America: 2025 Overview

Steel Prices in Canada:

Canada recorded Steel Prices at USD 883/MT, supported by healthy demand from construction and energy projects. The Steel Price Trend Report notes that improved mill productivity and steady raw material sourcing contributed to consistent pricing. Data from the Steel Historical Price Chart shows a gradual upward trend, reflecting strong domestic demand and stable trading activity across key Canadian markets.

Steel Price Trends Analysis in Latin America: 2025 Overview

Steel Prices in Brazil:

Brazil registered Steel Prices at USD 770/MT, driven by recovering industrial activity and firm demand from infrastructure and manufacturing sectors. As stated in the Steel Price Trend Report, supply normalization and improved production rates shaped market sentiment. The Steel Historical Price Chart highlights periodic upward shifts influenced by raw material costs, domestic consumption patterns, and regional economic recovery.

Regional Analysis: The price analysis can be extended to provide detailed Anhydrous Ammonia price information for the following list of countries.

Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries.

Steel Price Trend, Factors, Recent Developments, History, and Forecast – 2025

In 2025, steel prices in the USA reached around 885 USD/MT in June. Prices showed moderate fluctuations globally influenced by raw material costs, energy prices, and freight rates. Demand across construction, automotive, and manufacturing sectors remained stable, supporting balanced pricing. Europe and North America exhibited cautious optimism with stable domestic production and efficient logistics aiding price equilibrium. Regions like Brazil showed steady prices despite elevated inventories.

Key Influencing Factors

• Raw Material Costs: Iron ore and coking coal price changes significantly affected production expenses.
• Energy and Freight Rates: Variability in energy prices and transport costs contributed to pricing fluctuations.
• Industrial Demand: Stable consumption in construction, automotive, manufacturing, and infrastructure sectors bolstered support.
• Supply Chain Dynamics: Minor logistical delays and steady domestic steel output impacted availability.
• Geopolitical and Trade Factors: Tariffs and import volumes influenced regional trade balances.
• Regional Economic Conditions: Infrastructure investments and easing credit conditions supported underlying demand.

Recent Developments

• Europe’s steel prices held steady with firm demand and limited import volatility despite high energy costs.
• North America maintained stable pricing, backed by infrastructure projects and consistent domestic output.
• Asia-Pacific showed moderate price firmness from urban infrastructure and manufacturing growth.
• Latin America experienced steady prices supported by construction and energy demands, counterbalancing input cost pressures.

Historical Context

Since 2021, steel demand in developed economies has declined, with a bottoming out expected in 2025 followed by modest 2026 growth. China’s ongoing housing market downturn pressured prices, while developing regions like India and ASEAN experienced robust demand growth. The global industry size reached approximately 335 billion USD in 2024.

Price Forecast

The steel industry is expected to grow to over 513 billion USD by 2033, with a CAGR of about 5.46%. A cautious recovery in demand and investment in infrastructure and industrial sectors will underpin moderate price improvement. Regulatory developments and trade policies remain key variables influencing future price trends.

Key Coverage:

• Market Analysis
• Market Breakup by Region
• Demand Supply Analysis by Type
• Demand Supply Analysis by Application
• Demand Supply Analysis of Raw Materials
• Price Analysis
  • Spot Prices by Major Ports
  • Price Breakup
  • Price Trends by Region
  • Factors influencing the Price Trends
• Market Drivers, Restraints, and Opportunities
• Competitive Landscape
• Recent Developments
• Global Event Analysis

FAQs Based on Steel Price Trend, Index, and Forecast:

What are the current steel prices across major global regions in Q2 2025?

Steel prices vary by region, with the U.S. at US$ 885/MT, Germany at US$ 806/MT, and Malaysia at US$ 558/MT. Learn how global trends shape regional pricing.

How does Steel Historical Price Data help in procurement and forecasting?

Steel Historical Price Data provides market insights, helping buyers forecast future costs, plan budgets, and manage risk based on past and seasonal trends.

What factors are influencing global steel prices in 2025?

Key drivers include raw material costs, supply-demand imbalances, trade tariffs, green regulations, logistics issues, and regional economic conditions.

Why do steel prices differ between North America, Europe, and Asia?

Regional variations stem from energy costs, regulatory burdens, supply chains, and demand levels. North America shows higher prices due to production costs and demand strength.

What is the steel price outlook for late 2025 and 2026?

Steel prices are expected to remain soft through 2025 due to oversupply but may rise gradually in 2026 as global demand recovers and market balance improves.

How IMARC Pricing Database Can Help

The latest IMARC Group study, “Steel Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2025 Edition,” presents a detailed analysis of Steel price trend, offering key insights into global Steel market dynamics. This report includes comprehensive price charts, which trace historical data and highlight major shifts in the market.

The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Steel demand, illustrating how consumer behaviour and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the prices report uncovers critical factors influencing current and future prices.

About Us:

IMARC Group is a global management consulting firm that provides a comprehensive suite of services to support market entry and expansion efforts. The company offers detailed market assessments, feasibility studies, regulatory approvals and licensing support, and pricing analysis, including spot pricing and regional price trends. Its expertise spans demand-supply analysis alongside regional insights covering Asia-Pacific, Europe, North America, Latin America, and the Middle East and Africa. IMARC also specializes in competitive landscape evaluations, profiling key market players, and conducting research into market drivers, restraints, and opportunities. IMARC’s data-driven approach helps businesses navigate complex markets with precision and confidence.

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