SMM analysis projects iron ore prices to trend strong in September as steel mills complete maintenance and ramp up hot metal production, lifting ore demand. Rising coke prices are expected to add further cost support. Demand recovery is anticipated with the peak season, though overall upside may be capped by still-weak end-market conditions.
DCE iron ore futures closed higher with spot prices edging up across mainstream grades. Blast furnace operating rates dipped slightly week-on-week and daily hot metal output declined, but bottoming-out signals and improved market expectations lent support. Traders maintained steady shipments while steel mills held back on procurement, leaving spot trading sluggish.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Structural Steel | China | FOB | USD 768.14/MT | July 2026 |
| Structural Steel | India | FOB | USD 647.75/MT | July 2026 |
| Structural Steel | USA | FOB | USD 1,609.56/MT | July 2026 |
| Structural Steel | Germany | FOB | USD 964.08/MT | July 2026 |
| Structural Steel | Australia | CIF | USD 866.60/MT | July 2026 |
| Structural Steel | China | FOB | USD 772.22/MT | June 2026 |
| Structural Steel | India | FOB | USD 650.59/MT | June 2026 |
| Structural Steel | USA | FOB | USD 1,578.00/MT | June 2026 |
| Structural Steel | Germany | FOB | USD 936.30/MT | June 2026 |
| Structural Steel | Australia | CIF | USD 838.22/MT | June 2026 |
Stay updated with the latest Structural Steel prices, historical data, and tailored regional analysis
Asia
In China, the average Structural Steel price was ~USD 772/MT (FOB) in June. India recorded an average price of about USD 651/MT (FOB) during June. Asian Structural Steel conditions strengthened through April and May before losing momentum in June. Chinese angle steel, rebar, plate and hot-rolled products followed a similar pattern as stronger mid-quarter steelmaking costs and seasonal construction activity supported offers. By June, weaker export orders, softer upstream steel values and cautious domestic procurement reduced support. China exported 10.341 million MT of finished steel in May, up 8.8% from April, showing substantial overseas availability despite softer forward export demand. India remained supported by infrastructure, manufacturing and public construction, although abundant regional steel availability limited stronger upward movement.
Europe
Germany saw an average price of ~USD 936/MT (FOB) during June. European Structural Steel conditions remained comparatively firm as fabrication costs, energy expenses and expectations of tighter import availability supported domestic suppliers. Construction activity remained uneven, but fabricated structural products performed more strongly than some upstream steel categories. UK fabricated structural steel inflation reached 8.5% year on year in April, highlighting persistent cost pressure in finished structural products. Germany also experienced stronger reinforcing and basic steel conditions as Q2 progressed. Expectations surrounding tighter EU steel import safeguards supported mill negotiations, although softer hot-rolled coil conditions and subdued residential construction restricted sharper increases.
North America
In the USA, the average Structural Steel price stood at around USD 1578/MT (FOB) in June. North American conditions remained the firmest among the major regions as elevated mill costs, import restrictions and higher fabrication expenses supported the market. However, nonresidential construction spending was weaker year on year, limiting demand-driven momentum. As a result, market firmness was driven more by elevated steel input and replacement costs than by exceptionally strong construction consumption.
Analyst Insight
According to Procurement Resource, Structural Steel prices are expected to remain mixed, with elevated production and import costs providing support while softer construction demand and improving steel availability limit further increases.
Need Latest Structural Steel Prices?
Get real-time price assessments, periodic trends, forecasts and price driver insights across key global markets.
Our Clients
Turn price intelligence into action with the Procurement Resource Database. Log in or subscribe to unlock live price trends, historical charts, supplier databases, cost curves, and analyst-backed insights across chemicals, agriculture, energy, packaging, and more. Use these tools to benchmark your contracts, plan budgets with confidence, and stay ahead of market moves on every product you buy.
0
+Products
0
+Regions
0
+Subscriptions
Asia
Structural steel prices witnessed mixed trends during Q1’26 as weak construction activity and excess steelmaking capacity weighed on market sentiment. China remained the main pressure point, with HRC prices down ~38.5% from 2021 levels, reflecting prolonged weakness in steel demand and heavy export dependence. Regional crude steel production also weakened, with Asia and Oceania output falling ~8.6% year-on-year in January and ~1.9% in February. Mills faced limited pricing power as buyers delayed purchases, and inventory movement stayed slow.
Europe
Structural steel prices remained broadly supported despite weak construction demand. EU crude steel output fell ~2.3% year-on-year in January and ~3.6% in February, limiting supply-side pressure. Higher energy costs after the Iran war and Strait of Hormuz disruption raised steelmaking and transport expenses, while import controls and carbon-related costs also supported mill offers. However, slow infrastructure and building activity restricted stronger price gains.
North America
Structural steel prices stayed firmer in Q1’26 as import availability remained limited and domestic suppliers held stronger positions. Finished steel import market share stood at ~15% during the first three months, while heavy structural shape imports rose ~48% month-on-month in March, showing selective restocking. Trade barriers and supply-chain risk helped maintain price firmness, though buyers remained cautious amid elevated project costs.
Analyst Insight
According to Procurement Resource, structural steel prices may remain mixed in the near term. Asia could stay weak due to excess supply, while Europe and North America may hold firmer if energy costs, trade controls, and lower supply availability persist.
Structural steel is a high-strength iron-based alloy specifically manufactured for load-bearing construction applications. It is produced in standardized shapes such as beams, columns, channels, angles, and hollow sections that provide structural support in buildings and infrastructure. Due to its strength-to-weight ratio, durability, weldability, and recyclability, structural steel is widely used in commercial buildings, industrial facilities, bridges, transportation infrastructure, and energy projects.
Arcelor Mittal, Nippon Steel Corporation, POSCO, Baowu Steel Group, Tata Steel, JSW Steel
Construction Steel, Structural Metal, Structural Carbon Steel, Structural Sections, Structural Steel Sections, Building Steel
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Structural steel is produced by reducing iron ore in a blast furnace to generate molten iron, which is subsequently refined in a basic oxygen furnace to remove impurities and adjust chemical composition. Alternatively, recycled steel scrap may be melted in an electric arc furnace. The molten steel is continuously cast into billets, blooms, or slabs and then hot-rolled into structural shapes such as I-beams, H-beams, channels, and angles before finishing and quality inspection.
Structural steel is extensively used in the construction, infrastructure, transportation, energy, and manufacturing sectors. Common applications include building frameworks, bridges, warehouses, factories, airports, railway stations, transmission towers, offshore platforms, and industrial equipment supports. Its high load-bearing capacity, design flexibility, and durability make it a preferred material for large-scale engineering projects requiring long service life and structural reliability.
Our Price Analysis Methodology
Team Lead - Market Research
Leading procurement-focused market intelligence across chemicals, composites, advanced materials, aerospace & defense, and energy, delivering commodity forecasts, supply chain analysis, and competitive benchmarking to support sourcing decisions.
Experience how Procurement Resource transforms raw material price data into clear, decision ready intelligence. Optimise your performance with reliable, expert market data and analysis. Schedule your demo today to experience a live walk-through where our experts will showcase interactive price charts, forecasted prices, and insights driving the prices for your key commodities, tailored to your workflows. Contact us now!
Our Team will be happy to assist you
We are just a text away
Still Need Help?
Unlock full access to Procurement Resource's price databases, interactive charts, and short-term forecasts for thousands of commodities. Elevate your sourcing decisions by comparing prices across regions, downloading historical data, and layering in analyst-backed insights, all with our flexible plans that scale as your portfolio grows.
Still have any Questions
Contact Us
Price Trend Dashboard - What's Included
Price trends across a diverse portfolio of categories and products, spanning board to niche chemicals
Coverage extendable to grade-specific chemicals based on procurement requirements
Regular price tracking supported by robust historical datasets
News, policy updates, and key market drivers impacting price movements
Short-term and long-term price outlooks and forecasts
Supply–demand dynamics and capacity-driven market analysis
Track prices, market movements, supply-demand dynamics, and industry developments across hundreds of commodities through a centralized intelligence platform built for informed procurement decisions.
Understand market fluctuations using analyst-backed forecasts, historical pricing patterns, and evolving industry trends to strengthen sourcing strategies and budget planning.
Leverage cost models, pricing benchmarks, and procurement insights to evaluate purchasing opportunities, improve negotiations, and enhance operational efficiency.
Access region-specific price trends, trade activities, capacity changes, and supply chain developments influencing commodity markets worldwide.
