Steel Prices Q2 2025 | Trend, Forecast & Historical Analysis

Steel prices have shown a mix of volatility and recovery in recent quarters. The Steel Price Index Report for Q2 2025 indicates mixed regional trends as global markets react to fluctuating demand, geopolitical shifts, and industrial inputs. According to the latest data, the price of Steel reached US$ 885/MT in the USA, US$ 806/MT in Germany, US$ 558/MT in Malaysia, and US$ 883/MT in Canada during March 2025. These numbers reflect a combination of supply chain adjustments and macroeconomic uncertainties.

Steel Price Trend Analysis Real-Time

The Steel prices in Q2 2025 exhibited marginal corrections in regions with high industrial activity, such as the USA and Canada. The European market, particularly Germany, also experienced steady steel consumption across automotive and construction sectors. However, Southeast Asian nations like Malaysia saw subdued prices due to lowered export volumes. Globally, steel price trends are still influenced by post-pandemic recovery patterns, the energy crisis in Europe, and tighter raw material supplies.

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Steel Price Trend Forecast 2025

Looking ahead, steel future prices are expected to experience mild growth as infrastructure investments resume in North America and Asia. However, there remains a high chance of volatility due to rising energy prices, economic slowdowns, and regulatory tightening in major steel-producing nations. According to IMARC's Steel Price Index Report, prices may see moderate gains by Q4 2025, supported by a rebound in construction and manufacturing.

Steel Price Chart & Index

The steel price index showed regional divergence in Q2. North American markets remained elevated due to demand stability and policy support, whereas Asian and Latin American markets were subdued. The steel price chart also indicated fluctuations driven by seasonal construction cycles and industrial restocking. For stakeholders seeking real-time data, price benchmarks, and historical tracking, IMARC offers detailed steel price index reports across all major geographies.

Steel Price Historical Data Analysis

The steel price history from 2024 to 2025 highlights a rollercoaster trajectory. In 2024, steel prices remained above US$ 900/MT in several regions due to limited Chinese exports and robust U.S. consumption. By early 2025, prices corrected in many countries as supply chains stabilized and Chinese mills ramped up production. This historical context is vital for understanding the cyclical nature of steel pricing.

Steel Price Comparison Q2 2025

This comparison highlights the disparity in the price of Steel across different economies, influenced by domestic production capacities, raw material imports, and government policies.

Factors Influencing Steel Prices

• Tariffs: Import duties in the U.S. continue to affect price stability.
• U.S. Steel Acquisition: Ongoing corporate restructuring is shifting production and pricing strategies.
• Global Recession Risk: Slower growth forecasts are tempering steel demand.
• China's Demand: A slowdown in China’s real estate sector has reduced global consumption.
• Demand: Infrastructure and automotive sectors are key demand drivers.
• Supply Chain: Logistics and port disruptions still impact timely deliveries.
• Raw Material Costs: Prices of iron ore and coal directly impact steel manufacturing costs.
• Economic Conditions: Inflation and interest rates influence purchasing patterns.
• Government Policies: Subsidies, environmental norms, and investment programs impact production and pricing.

Recent Steel Price Trends and Market Activity

• Overall Decline: Compared to 2024, Q1 of 2025 began with a downward trend due to weak industrial orders.
• Stabilization and Minor Increases: March 2025 witnessed price recovery in U.S. and Canada markets due to local demand surges.
• Regional Differences: Prices remained subdued in Asia but stabilized in Latin America and Europe.
• Market Fluctuations: Currency shifts and trade agreements are playing a more prominent role in Steel price trends this year.

Specific Future Trends and Outlooks

• Near Term: Stabilization expected with minor dips in Asia.
• Long Term: Growth driven by green steel projects and urban expansion.
• Continued Stabilization: As supply chains recover post-pandemic.
• Potential for Volatility: Energy costs and trade tensions may impact pricing unexpectedly.

Historical Trends

• 2024: Steel prices peaked in Q3 due to raw material scarcity.
• 2025: Prices are comparatively lower, indicating market correction and supply chain normalization.

News & Recent Development

Recent developments include international interest in low-carbon steel, new mining ventures for iron ore, and the digitalization of steel trade markets. These factors continue to shape the steel price today and provide insights into long-term sustainability and profitability.

Top Steel Suppliers (Global)

1. ArcelorMittal
2. Nippon Steel Corporation
3. Baosteel Group Corporation
4. Tata Steel

These companies hold a substantial market share and influence steel prices through production levels, export strategies, and raw material control.

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