Flat Steel Price Index

Flat Steel Price Trend, Index and Forecast

Track the latest insights on flat steel price trend and forecast with detailed analysis of regional fluctuations and market dynamics across North America, Latin America, Central Europe, Western Europe, Eastern Europe, Middle East, North Africa, West Africa, Central and Southern Africa, Central Asia, Southeast Asia, South Asia, East Asia, and Oceania.

Flat Steel Prices Outlook Q2 2025

• USA: US$ 3347/MT
• China: US$ 1554/MT
• Germany: US$ 3158/MT
• Japan: US$ 3948/MT
• India: US$ 3400/MT

Flat Steel Price Chart

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During the second quarter of 2025, the flat steel prices in the USA reached 3347 USD/MT in June. In the USA, flat steel pricing was shaped by demand from the automotive, construction, and manufacturing sectors, alongside fluctuations in scrap and iron ore markets. Energy costs, particularly industrial electricity and natural gas rates, affected production expenses. Domestic supply was influenced by planned maintenance at several mills, while import competitiveness shifted with currency movements and maritime freight rates. Trade policies, including ongoing tariff structures on certain steel imports, impacted sourcing decisions. Infrastructure project timelines also contributed to procurement cycles, while labor contract negotiations in steelmaking regions added an element of uncertainty to supply stability.

During the second quarter of 2025, flat steel prices in China reached 1554 USD/MT in June. In China, flat steel prices were influenced by shifts in demand from the automotive, shipbuilding, and machinery manufacturing sectors. Raw material costs, especially coking coal and iron ore, played a significant role in shaping production economics. Environmental compliance measures, including temporary shutdowns in high-pollution areas, affected mill output. Domestic consumption patterns were impacted by government infrastructure project schedules and real estate sector trends. Export pricing competitiveness was shaped by currency fluctuations against the US dollar, changes in export rebate policies, and maritime freight conditions. Regional power usage restrictions in industrial zones also influenced production planning and delivery timelines.

During the second quarter of 2025, the flat steel prices in Germany reached 3158 USD/MT in June. In Germany, flat steel pricing was driven by demand from the automotive, engineering, and machinery sectors, with procurement patterns shaped by OEM production schedules. Energy costs, particularly for industrial gas and electricity, contributed to higher production expenses. The availability of imported iron ore and semi-finished steel products influenced supply-side conditions, while European Union trade regulations affected sourcing strategies. Logistics expenses were impacted by rail freight capacity and port congestion in key entry points. Environmental regulations, including CO₂ compliance measures, added operational costs. Seasonal plant maintenance and labor availability in steelmaking regions also played a role in shaping output levels.

During the second quarter of 2025, the flat steel prices in Japan reached 3948 USD/MT in June. In Japan, flat steel prices reflected demand from the automotive, shipbuilding, and construction sectors, along with trends in domestic infrastructure investment. Input costs for iron ore, coking coal, and alloying elements significantly influenced production economics. Export competitiveness was affected by fluctuations in the yen against the US dollar and shifting maritime freight rates. Scheduled maintenance at major mills temporarily reduced output, while domestic consumption was linked to both public sector projects and private sector manufacturing orders. Energy prices and environmental compliance measures, particularly for industrial emissions, added to production costs during the period.

During the second quarter of 2025, the flat steel prices in India reached 3400 USD/MT in June. In India, flat steel pricing was shaped by demand from the automotive, appliances, and construction sectors, supported by both public infrastructure initiatives and private real estate projects. Raw material trends in iron ore, coking coal, and ferroalloys impacted production costs, while electricity and fuel prices influenced mill operations. Export competitiveness was affected by currency movements and container freight rates. Domestic supply was influenced by commissioning of new steel capacity and maintenance shutdowns at certain plants. Seasonal construction activity patterns also shaped buying volumes, while government infrastructure tenders contributed to concentrated procurement phases in specific regions.

Flat Steel Prices Outlook Q4 2023

• USA: US$ 3479/MT
• China: US$ 1858/MT
• Germany: US$ 3125/MT

In the fourth quarter of 2023, the price of the flat steel in the USA reached 3479 USD/MT by December. Similarly, in China, the flat steel prices hit 1858 USD/MT in the same month. The Germany also saw flat steel prices reaching 3125 USD/MT during Q4 2023.

Regional Coverage

The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the flat steel prices.

Global Flat Steel Price Trend

The report offers a holistic view of the global flat steel pricing trends in the form of flat steel price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of flat steel, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed flat steel demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Flat Steel Price Trend

Q2 2025:

As per the flat steel price index, European flat steel pricing was shaped by demand from the automotive, construction, and machinery manufacturing sectors, with production schedules closely aligned to OEM order volumes. Energy expenses, particularly for industrial electricity and natural gas, remained a significant cost driver for mills. Imports from non-EU countries were influenced by anti-dumping measures and safeguard quotas, affecting supply options. Raw material procurement costs for iron ore, coking coal, and scrap fluctuated based on global market trends. Port congestion and rail freight capacity constraints impacted delivery timelines. Additionally, environmental compliance requirements under EU emissions regulations added operational costs, while seasonal maintenance outages at major plants temporarily reduced domestic output.

Q4 2023:

Europe's flat steel pricing trends are deeply affected by its stringent environmental regulations and the push towards sustainable and recycled materials. The automotive and aerospace industries in Europe, which demand high-quality specialty metals, further complicate the pricing landscape. Energy costs and the availability of renewable energy sources also significantly influence flat steel production costs. Additionally, the region's dependency on flat steel imports, coupled with fluctuating currency values, adds another layer of complexity to understanding price trends in this market.

Detailed price information for flat steel can also be provided for an extensive list of European countries.

North America Flat Steel Price Trend

Q2 2025:

As per the flat steel price index, in North America, flat steel pricing was driven by demand from the automotive, appliance, and construction sectors, alongside fluctuations in raw material markets for iron ore, coking coal, and scrap steel. Domestic production was affected by planned maintenance at integrated and mini-mill facilities, while logistical bottlenecks in rail and truck freight influenced delivery schedules. Trade policy considerations, including existing tariffs and quotas on certain imports, shaped sourcing decisions. Energy costs, particularly industrial electricity and natural gas prices, affected mill operating expenses. Infrastructure spending patterns contributed to concentrated procurement cycles, and labor negotiations in key steelmaking regions added an element of supply-side uncertainty.

Q4 2023:

In North America, flat steel prices are closely tied to technological advancements in extraction and processing techniques, which aim to reduce costs and enhance efficiency. The region's emphasis on defense and technology sectors, which require precise and high-grade metals, drives demand variability. Furthermore, trade policies, particularly those involving major trade partners like Canada and Mexico, heavily influence flat steel supply chains and pricing structures. The shift towards green energy and electric vehicles in North America also affects demand patterns for metals.

Specific flat steel historical data within the United States and Canada can also be provided.

Middle East and Africa Flat Steel Price Trend

Q2 2025:

As per the flat steel price chart, the prices in the Middle East and Africa fluctuated due to a complex interplay of factors, primarily driven by supply chain disruptions, seasonal demand shifts, and geopolitical influences. A tight supply from refineries, exacerbated by maintenance rounds and unplanned outages, put pressure on prices. Simultaneously, demand from the agrochemical sector during the planting season contributed to price changes.

Q4 2023:

The flat steel pricing trends in the Middle East and Africa are increasingly impacted by infrastructural developments and investments in the construction and transportation sectors. The region’s political climate and its effect on operational stability and security are also crucial in determining price trends. Additionally, the Middle East's strategic initiatives to diversify away from oil dependency and invest in mining and metal production capabilities are reshaping its market dynamics. In Africa, the availability of resources combined with foreign investment in mining projects heavily influences local and global flat steel supply and prices.

Region-wise data and information on specific countries within these regions can also be provided.

Asia Pacific Flat Steel Price Trend

Q2 2025:

In the Asia Pacific region, flat steel pricing reflected strong demand from the automotive, shipbuilding, construction, and appliance manufacturing sectors. Production costs were influenced by movements in iron ore, coking coal, and ferroalloy markets, as well as energy prices in industrial zones. Export competitiveness was shaped by currency fluctuations against the US dollar, changes in shipping rates, and container availability. Environmental compliance measures in certain countries resulted in temporary production curbs, particularly in high-emission industrial clusters. Government infrastructure initiatives and private sector capital projects influenced procurement schedules, while seasonal weather conditions in some areas impacted construction activity and associated steel demand.

Q4 2023:

In the Asia Pacific region, flat steel pricing dynamics are significantly influenced by robust industrial growth and expanding manufacturing sectors, particularly in China and India. The region's high demand for metals is driven by its active construction industry and increasing investments in infrastructure projects. However, supply disruptions due to geopolitical tensions and regulatory changes in mining practices also play a critical role in shaping price fluctuations. Additionally, trade policies and import-export tariffs continue to impact the cost structures and availability of flat steel, making the Asia Pacific market a complex environment for price trend analysis.

This flat steel price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Flat Steel Price Trend

Q2 2025:

Latin America's flat steel market is predominantly influenced by its rich natural reserves, particularly in countries like Chile and Brazil. However, political instability and inconsistent regulatory frameworks can lead to significant volatility in flat steel prices. Infrastructure challenges and logistical inefficiencies often impact the supply chain, affecting the region's ability to meet international demand consistently. Moreover, the flat steel price index, economic fluctuations, and currency devaluation are critical factors that need to be considered when analyzing flat steel pricing trends in this region.

Q4 2023:

Latin America's flat steel market is predominantly influenced by its rich natural reserves, particularly in countries like Chile and Brazil. However, political instability and inconsistent regulatory frameworks can lead to significant volatility in flat steel prices. Infrastructure challenges and logistical inefficiencies often impact the supply chain, affecting the region's ability to meet international demand consistently. Moreover, economic fluctuations and currency devaluation are critical factors that need to be considered when analyzing flat steel pricing trends in this region.

This comprehensive review can be extended to include specific countries within Latin America.

Flat Steel Price Trend, Market Analysis, and News

IMARC's latest publication, “Flat Steel Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” presents a detailed examination of the flat steel market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of flat steel at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents detailed flat steel prices trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting flat steel pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

Flat Steel Industry Analysis

The global flat steel market size reached USD 539.76 Billion in 2024. By 2033​, IMARC Group expects the market to reach USD 781.6 Billion, at a projected CAGR of 3.99% during 2025-2033.

• An article published in 2023 on the website of the World Bank shows that around 50% of the population resides in urban areas, which is expected to increase by 1.5 times to 6 billion by 2045. Developing nations are experiencing rapid urbanization, which results in the construction of more commercial and residential buildings. These constructions are dependent on flat steel on account of its strength and versatility.
• Governing agencies of several countries are developing infrastructure to increase connectivity and provide facilities for their citizens. Roads, bridges, airport, and railways, all require flat steel in a large quantity for their framework and structure.
• The market share is expanding due to the development of advanced high-strength steel (AHSS) and ultra-high-strength steel (UHSS). This variant of steel is catering to the demand of people for more durable and lighter materials in several industrial applications.
• To enhance the properties of flat steel, there are innovations going on in steel manufacturing processes like hot-dip galvanizing and coating technologies. These innovations also help in making flat steel more corrosion resistant and durable against wear and tear.
• The flat steel demand is further reinforced by the growing demand for electric vehicles (EVs) around the world. To reduce the weight of EVs and maintain structural integrity, there is a need for advanced steel grades. As people are highly preferring those vehicles that can help them save on fuels, key manufactures are using flat steel in the production of automobiles. As per the report of the IMARC Group, the global electric vehicle market is anticipated to reach 381.3 Million Units by 2032.
• The flat steel production is showing an upward trajectory as a result of its utilization in manufacturing industrial machinery and equipment. The burgeoning mining, energy, and agriculture industries are highly dependent on machineries, which necessitates the use of flat steel in these industries.

Flat Steel News

The report covers the latest developments, updates, and trends impacting the global flat steel market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the flat steel price trend.

Latest developments in the flat steel industry:

• In 2024, ArcelorMittal announced that it has signed a share purchase agreement to acquire 65,243,206 shares, representing c.28.4% equity interest in Vallourec.
• In 2023, Beijing Jianlong Group invested RMB 1.26 billion ($0.18 billion) in the acquisition of Xining Special Steel Co., Ltd. to increase its production of crude steel.

Product Description

Flat steel refers to steel items that are rolled into thin, flat shapes and come in a variety of thicknesses. These items include sheets, plates, strips, and coils. Flat steel is a basic material in a wide range of industrial and construction applications due to its high strength, durability, and adaptability.

It is manufactured using methods like as hot rolling and cold rolling, in which steel slabs are rolled through rollers to acquire the desired thickness and surface polish. To increase vehicle efficiency and safety, there is a requirement of advanced high-strength steels (AHSS) and ultra-high-strength steels (UHSS), which are highly durable variants of flat steel.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of flat steel pricing, covering global and regional trends, spot prices at key ports, and a breakdown of ex-works, FOB, and CIF prices.
• The study examines factors affecting flat steel price trend, including supply-demand shifts and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The flat steel price charts ensure our clients remain at the forefront of the industry.