The global steel sector continues to evaluate shifting mild steel angle (MS Angle) price trends, as fluctuations in construction activity, industrial output, and raw material pricing shape market performance. Recent data for MS Angle prices (CFR India) highlights a combination of year-on-year increases and declines across the final quarter of 2024, reflecting dynamic demand conditions across major consuming regions.In October 2024, MS Angle prices stood at 700 USD/MT, up from 678 USD/MT in October 2023, marking a +3% YoY increase. This rise was supported by steady procurement from infrastructure projects and modest restocking activities across industrial buyers. The upward momentum continued into November 2024, with prices reaching 675 USD/MT, compared to 662 USD/MT in November 2023, registering a +2% YoY growth. Seasonal construction demand and improving supply-chain conditions contributed to the positive movement during this period.
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However, the trend reversed in December 2024, with MS Angle prices dropping to 654 USD/MT, down from 678 USD/MT in December 2023, resulting in a -4% YoY decline. The dip was largely driven by a slowdown in domestic and export demand, coupled with cautious buying sentiment from fabricators and distributors ahead of year-end inventory adjustments.
According to Expert Market Research’s price prediction for 2025, MS Angle prices are expected to remain low unless demand from construction and factories improves. Analysts note that high-interest rates, delayed project approvals, and uneven industrial activity in certain economies may continue to limit demand in the early months of 2025. At the same time, fluctuations in iron ore and coal prices—key raw materials for steelmaking—will remain critical factors in determining price direction.
Despite short-term uncertainties, the long-term outlook for the MS Angle market holds moderate optimism, supported by ongoing infrastructure development initiatives across emerging economies. Government investments in transportation, urban housing, renewable energy installations, and industrial expansion are anticipated to gradually lift steel consumption through 2025.
Market watchers emphasize the importance of monitoring monthly price movements, shifting export volumes, and regional production trends to gain deeper insight into market stability. With MS Angle prices showing mixed YoY outcomes in 2024, the industry is preparing for a year shaped heavily by demand-side recovery and macroeconomic adjustments.