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🔩Market & cost

Steel · The iron–carbon workhorse of buildings, ships, rails and tools — endlessly recast.

At a glance
Score intensity

Darker cells mean a higher score for this topic on that metric.

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Quick answers

Is steel non-combustible?

As a metal it is Euroclass A1, but it loses yield in fire and usually needs protection for a rated duration.

Steel vs iron?

Steel is iron with controlled carbon (typically <2%) and alloys; cast iron has more carbon and a different solidification path.

Does steel insulate?

No. Thermal conductivity is tens of W/m·K. Insulation is a separate layer (mineral wool, boards, VIP).

Why does steel rust?

Iron oxidises in the presence of water and oxygen. Alloys, zinc, paint or concrete cover slow that.

Is stainless “stainless” forever?

No. Chlorides, crevices and wrong grades pit. 304 vs 316 is a chemistry choice, not a slogan.

Can steel be recycled endlessly?

Magnetically, yes as a family. Copper contamination and coatings constrain some high-spec loops.

heat 72 · fire 84

Start with this section - Market & cost

Prices are bands. A 2024 coil is not a 2026 contract. Labour and certification often dwarf the commodity.

Producers listed are landmarks for orientation, not a ranking or a procurement list.

Cost bands

Rebar commodity

Lowest structural band

Global long-product market, highly cyclical.

Hot-rolled coil

Benchmark flat

HRC is the price everyone quotes; it is not a finished car part.

AHSS / coated

Auto premium

Dual-phase + zinc + bake-hardenable stacks add process cost.

Tool / bearing

Alloy premium

Vacuum-melted cleanliness is the bill, not the iron units.

Green-steel trial

Policy premium

Hydrogen-DRI tonnes still trade on certificates more than on mills’ list prices.

Regions

East Asia

China, Japan, Korea dominate primary tonnes and auto sheet quality.

EU

Carbon-border talk plus specialty and stainless clusters (Nordics, Germany, Italy).

North America

EAF mini-mills plus remaining integrated plants; auto AHSS demand.

India

Fast-growing primary capacity and construction demand.

Middle East

DRI on cheap gas; export billets.

Africa / LATAM

Ore exporters (Brazil, Australia via seaborne) and local long products.

Key numbers

~1.8–1.9 Gt / year (order of 2020s)World crude
EAF route ~30% of global crude, higher in USRecycled share
AHSS share of BIW rising each platform cycleAuto body
~2.9× aluminium — volume, not mass, is the design leverDensity vs Al

Producers

China Baowu

Largest crude-steel group by tonnes.

ArcelorMittal

Global flats, longs and mining footprint.

POSCO

Korean integrated mill; auto and electrical steels.

Nippon Steel

Japanese high-spec sheet and plates.

Nucor

US EAF mini-mill model.

Tata Steel

India + European operations, including IJmuiden heritage.

Ask for the route (primary, scrap, bio) before believing a green label.

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