Iron ore prices fell to a year-to-date low this week as port arrivals surged and environmental production cuts in Tangshan reduced hot metal output, weighing on demand. Sentiment has partly recovered and steel mills are resuming blast furnaces, so a limited corrective rebound is expected next week despite continued port inventory accumulation.
On July 30, iron ore futures fell sharply, leading declines among ferrous metals amid weak market sentiment. Broader macro headwinds and demand concerns contributed to the drop.
In 2025, mild steel angle prices showed a mixed and fluctuating trend throughout the year. At the start of the year, prices were fairly stable as industrial demand remained slow, especially in construction, automotive, and machinery sectors. Seasonal slowdowns and cautious buying kept market activity subdued.
European prices moved lower initially because of high inventories and weak demand, while producers’ attempts to push prices up had little effect. North American markets remained relatively steady, with occasional price increases supported by trade protections and early year strength in vehicle production. Asian markets faced oversupply, and low domestic demand pushed prices down, though seasonal demand and fiscal-year stock replenishment gave some temporary support. In India, low prices forced many small mills to halt production, showing the challenge of maintaining profitability amid global oversupply and cheap imports.
During the third quarter, prices in Europe began to recover as tighter import regulations and new trade measures were expected. Domestic producers announced price hikes, and improving demand in countries like Germany and Italy added support. Asian prices remained mixed, with some producers raising rates due to higher raw material costs, while cautious buying limited sharp rises. Towards the end of the year, markets stabilized, with prices moving moderately higher in regions where supply tightened and demand slowly improved.
Analyst Insight
According to Procurement Resource, Mild Steel Angle prices are expected to remain somewhat volatile in 2026, with gradual upward movement if supply constraints persist and industrial demand strengthens.
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In the second half of 2024, mild steel angle prices showed mixed trends across regions. In Asia, prices faced downward pressure due to weak domestic demand, particularly in construction and manufacturing sectors. China’s surplus production and competitive exports contributed to lower local prices, while India saw domestic prices drop to multi-year lows. Falling raw material costs helped producers maintain margins despite the price declines.
In Europe, mild steel angle prices recovered slightly after earlier lows. Price increases for hot-rolled coils by major producers, combined with rising raw material costs, supported the market. However, weak demand from the automotive sector and ongoing trade tensions limited major gains. Imported steel from Asia added competitive pressure, keeping price growth moderate.
North America saw early signs of stabilization. Domestic demand from construction and industrial sectors improved, helping prices recover somewhat, although potential tariff announcements created short-term uncertainty. Tight steel scrap availability and seasonal fluctuations also influenced prices, causing occasional short-term swings.
Mild steel angles are widely used in a variety of sectors due to their strength, malleability, and longevity. They are crucial parts of structural frames, supports, and reinforcements in the building. They are used in the manufacturing sector for equipment supports, conveyor systems, and machinery frames.
Mild steel angles are used in metal fabrication companies to create specialized parts like racks and brackets. Because of their robustness, automotive applications involve vehicle chassis and structural components. They are also used in technical domains, including railroads and shipbuilding, where they offer reinforcement and structural support in a variety of industrial environments.
Construction, Manufacturing, Metal Fabrication, Automotive, Engineering, Agricultural Machinery
HBIS Group, NSSMC Group, POSCO, Shagang Group, Ansteel Group, JFE Steel Corporation, Tata Steel Group, Hyundai Steel Company
CurrencyUS$ (Data can also be provided in local currency)
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