Global steel prices have edged down by 3.05% in the early months of 2025, reflecting a broad-based cooling in demand from key sectors such as construction and automotive manufacturing.
The decline comes amid a complex web of factors: lingering effects of high inflation, geopolitical tensions, and uncertainty over major infrastructure investments worldwide. Many buyers are adopting a cautious "wait-and-see" approach, reducing large-scale purchases in anticipation of further price declines.
“The steel market is caught between rising production costs and softening end-user demand,” explains a market strategist at a global commodities consultancy.
For steel producers, the price dip poses a significant challenge, potentially squeezing profit margins at a time when investment in cleaner, greener production methods is urgently needed.
On the other hand, industries reliant on steel — from construction to appliance manufacturing — may find some relief in lower input costs, at least in the short term.
As 2025 progresses, the steel sector will be closely watching macroeconomic indicators and government infrastructure spending plans, which could either stabilize prices or lead to further declines.
VietnamSteel by Hoa Sen Group
