Steel Plate Prices In USA

United States: 1514 USD/M (20mm)

In December 2023, the price of steel plate in the United States rose to $1,514 per metric ton during the fourth quarter.

The latest report by IMARC Group, titled "Steel Plate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of the Prices. This report delves into the price of Steel Plate globally, presenting a detailed analysis, along with informative Steel Plate Price Chart. Through comprehensive Price analysis, the report sheds light on the key factors influencing these trend. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the Demand, analyzing how it impacts Industry dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.

Steel Plate Prices December Analysis

Japan: 854 USD/MT Mild Steel (JIS 3101-10 mm) Plate
Germany: 950 USD/MT (16mm)

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The study delves into the factors affecting steel plate price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.

The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.

Request For a Sample Copy of the Report: https://www.imarcgroup.com/steel-plate-pricing-report/requestsample

Steel Plate Price Trend Last Quarter

The steel plate market is driven by a mix of factors, including rising demand from various sectors such as construction, automotive, and shipbuilding. Moreover, the increasing urbanization and infrastructure development projects are propelling the need for durable and high-strength steel plates. Additionally, rapid technological advancements in steel production, which enhance the quality and reduce costs, are contributing to the market growth. In addition, the ongoing shift towards renewable energy has also spurred the demand, as steel plates are crucial in manufacturing wind turbines and solar panel structures.

In the USA, the steel plate market faced a downward trend in the last quarter, driven by an imbalance between supply and demand. Increased domestic production capacity and a surge in lower-cost imports pressured prices downwards. The market softness was further aggravated by weaker-than-expected demand from key industries, including infrastructure and automotive. Besides this, seasonal demand patterns did not bolster the market as anticipated, and economic uncertainties compounded these challenges, leading to a substantial year-over-year (YoY) decline in steel plate prices.

Steel Plate Industry Analysis

Japan's steel plate market in the last quarter saw notable price declines due to weak demand from the infrastructure and automotive sectors, coupled with an oversupply situation. Moreover, economic activities remained subdued, contributing to a negative market sentiment that persisted throughout the quarter. Additionally, seasonality played a role in these shifts, with prices falling steadily from the previous quarter. The quarter was also marked by lower-than-expected industrial output and cautious buying behavior amidst economic uncertainties.

During the last quarter, Germany's steel plate market experienced significant price reductions, largely due to declining demand from the construction and automotive sectors. Moreover, a surge in competitively priced imports from Asia intensified market competition, forcing domestic producers to adjust prices downward. Additionally, seasonal factors, such as reduced industrial activities during the summer, further pressured the market. High inventory levels and sluggish domestic consumption also reflected a cautious approach among distributors.

Regional Price Analysis:

Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco

Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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