Long Steel Price Trend

Long Steel Price Trend, Index and Forecast

Track the latest insights on long 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.

Long Steel Prices Outlook Q1 2025

• USA: US$ 908/MT
• China: US$ 437/MT
• Germany: US$ 852/MT
• South Korea: US$ 615/MT
• Malaysia: US$ 717/MT

Long Steel Price Chart

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During the first quarter of 2025, the long steel prices in the USA reached 908 USD/MT in March. As per the long steel price chart, the rising cost of raw materials like chrome ore and ferrous scrap, coupled with disruptions in supply chains, pushed up steel prices. Besides, increased trade protection and tariffs, especially on imports, created uncertainty.

During the first quarter of 2025, long steel prices in China reached 437 USD/MT in March. Construction activity, a major driver of steel demand, slowed due to a prolonged downturn in the property market. Moreover, China's steel industry faced challenges due to overcapacity, particularly in blast furnaces, causing fluctuations in long steel prices.

During the first quarter of 2025, the long steel prices in Germany reached 852 USD/MT in March. Long steel prices in Germany experienced mixed trends, influenced by factors like EU trade policies, rising car sales, and fluctuating nickel prices.

During the first quarter of 2025, the long steel prices in South Korea reached 615 USD/MT in March. Economic conditions, including a slowdown in construction activity and weaker demand, impacted the South Korean long steel market. Besides, trade policies, such as tariffs on steel imports, affected South Korea's steel exports and the overall market dynamics. 

During the first quarter of 2025, the long steel prices in Malaysia reached 717 USD/MT in March. Prices were experiencing fluctuations due to a combination of global economic uncertainty, oversupply, and rising input costs. Specifically, weakened demand stemming from global economic concerns and a slowdown in construction activity, coupled with increased supply levels, put downward pressure on prices.

Long Steel Prices Outlook Q4 2023

• USA: US$ 1513/MT
• Taiwan: US$ 707/MT
• Italy: US$ 870/MT

In the fourth quarter of 2023, the price of the long steel in the USA reached 1513 USD/MT by December. Similarly, in Taiwan, the long steel prices hit 707 USD/MT in the same month. Moreover, Italy also saw long steel prices reaching 870 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 long steel prices.

Global Long Steel Price Trend

The report offers a holistic view of the global long steel pricing trends in the form of long 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 long 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 long 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 Long Steel Price Trend

Q1 2025:

As per the long steel price index, a general downturn in European steel consumption, particularly in construction and consumer goods, led to limited demand for long steel products. Besides, some European steel mills reduced production capacity to manage costs driven by previously high raw material prices and weak demand. 

Q4 2023:

Europe's long 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 long steel production costs. Additionally, the region's dependency on long steel imports, coupled with fluctuating currency values, adds another layer of complexity to understanding price trends in this market.

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

North America Long Steel Price Trend

Q1 2025:

North America long steel prices experienced significant fluctuations, largely due to the implementation of Trump's tariffs on steel and aluminum imports in March. This policy change caused a scramble for material by buyers and resulted in price surges as mills capitalized on the opportunity. The elimination of exemptions for Canadian and Mexican steel also led to supply chain disruptions. 

Q4 2023:

In North America, long 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 long steel supply chains and pricing structures. The shift towards green energy and electric vehicles in North America also affects demand patterns for metals.

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

Middle East and Africa Long Steel Price Trend

Q1 2025:

The report explores the long steel trends and long steel price chart in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

Q4 2023:

The long 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 long steel supply and prices.

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

Asia Pacific Long Steel Price Trend

Q1 2025:

In many regions, particularly China, weak demand from sectors, like construction and automotive, led to volatile prices. Besides, increased steel exports, particularly from China, contributed to pressure on prices. Moreover, the price of iron ore and coking coal, major raw materials, continued to fluctuate, impacting prices for long steel.

Q4 2023:

In the Asia Pacific region, long 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 long steel, making the Asia Pacific market a complex environment for price trend analysis.

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

Latin America Long Steel Price Trend

Q1 2025:

Latin America's long 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 long steel prices. Infrastructure challenges and logistical inefficiencies often impact the supply chain, affecting the region's ability to meet international demand consistently. Moreover, the long steel price index, economic fluctuations, and currency devaluation are critical factors that need to be considered when analyzing long steel pricing trends in this region.

Q4 2023:

Latin America's long 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 long 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 long steel pricing trends in this region.

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

Long Steel Price Trend, Market Analysis, and News

IMARC's latest publication, “Long Steel Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” presents a detailed examination of the long steel market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of long steel at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents detailed long steel prices trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting long 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.

Long Steel Industry Analysis

The global long steel market size reached USD 446.47 Billion in 2024. By 2033, IMARC Group expects the market to reach USD 710.6 Billion, at a projected CAGR of 5.04% during 2025-2033.

• Rapid urbanization represents one of the key factors driving the demand for long steel around the world. The requirement of products like rebar and structural beams in the construction industry to construct roads, bridges, buildings, and other infrastructure is further stimulating the market growth. Infrastructure projects made by governing agencies of several industries are also responsible for the growth of the market.
• The construction of residential buildings, especially in developing countries, to accommodate the growing population needs long steel for structural support. People are also focusing on sustainability and energy efficiency, which is increasing the sales of long steel as it is highly recyclable and provides flexibility in design.
• Long steel is becoming increasingly popular in the manufacturing sector to produce automotive parts, industrial machines, and equipment manufacturing. Due to its durability and high-performance, it is highly valuable in these industries.
• According to the IMARC Group’s report, the global renewable energy market reached US$ 892.7 Billion in 2023. The construction of wind turbines, solar panels, and hydroelectric dams requires a significant amount of long steel products. Governments around the world are investing in renewable energy projects to decrease reliance on fossil fuels. Infrastructure is essential for the generation and transmission of renewable energy, making long steel a crucial raw material in the green energy revolution.
• The long steel market is further reinforced by innovations in steelmaking technologies. These advancements are responsible for the development of highly efficient and cost-effective steel, thus increasing competitiveness in the market.
• Key players are focusing on improving the productivity, enhancing product quality, and reducing downtime in the steel sector. As a result, they are adopting digitalization and automation, which is highly required to fulfil these parameters.
• As per an article published in 2024 on the website of the Our World in Data, the global emission of CO2 is 35 billion tons each year. Stringent environmental requirements imposed by government agencies in numerous nations to minimize carbon emissions are motivating key firms to embrace cleaner production technology. To comply with these rules, industries are developing more sustainable steel products, influencing the future trajectory of the long steel market.

Long Steel News

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

Latest developments in the Long Steel industry:

• In 2023, Nippon Steel Corporation and United States Steel Corporation announced that they have entered into a definitive agreement pursuant to which NSC will acquire U. S. Steel in an all-cash transaction at $55.00 per share.
• In 2024, Nucor Steel Berkeley invested 425 million dollars to construct a new galvanizing line at the South Carolina sheet steel mill.

Product Description

Characterized by their elongated shapes and lengths, long steel is a category of steel products. Rebar, wire rods, structural sections, rails, and merchant bars are its categories. Typically produced in lengths to make them highly feasible for transportation and for the use in several industries.

To reinforce concrete and provide tensile strength to support buildings, bridges, and other structures in the construction industry, long steel is highly valuable. In the framework of large buildings, bridges, and industrial facilities, long steel is very preferable for offering support and stability. Wire and cables are also manufactured with the help of long steel.

For building and maintaining railways while ensuring the durability and safety of rail networks, long steel is one of the best raw materials. Its versatility extends to its utilization in constructing transmission towers, pipelines, and various components of renewable energy projects.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of long steel pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
• The study examines factors affecting long steel price trend, including input costs, 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 long steel price charts ensure our clients remain at the forefront of the industry.