Press release
Steel Plate Price Chart, Demand, News, Historical and Forecast Analysis
๐๐ญ๐๐๐ฅ ๐๐ฅ๐๐ญ๐ ๐๐ซ๐ข๐๐๐ฌ ๐๐ง ๐๐๐โข ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ: 1185 USD/MT
During the second quarter of 2024, the steel plate prices in the United States reached 1185 USD/MT in June.ย
The latest IMARC Group report, "๐๐ญ๐๐๐ฅ ๐๐ฅ๐๐ญ๐ ๐๐ซ๐ข๐๐๐ฌ, ๐๐ซ๐๐ง๐, ๐๐ก๐๐ซ๐ญ, ๐๐๐ฆ๐๐ง๐, ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ, ๐๐๐ฐ๐ฌ, ๐๐ข๐ฌ๐ญ๐จ๐ซ๐ข๐๐๐ฅ ๐๐ง๐ ๐ ๐จ๐ซ๐๐๐๐ฌ๐ญ ๐๐๐ญ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐๐ ๐๐๐ข๐ญ๐ข๐จ๐ง," presents a detailed analysis of ๐๐ญ๐๐๐ฅ ๐๐ฅ๐๐ญ๐ ๐๐ซ๐ข๐๐๐ฌ, offering key insights into global market dynamics. This report includes comprehensive price chart, which trace historical data and highlights major shifts in the market. The analysis delves into the factors driving these trend, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines demand, illustrating how consumer behavior and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the prices report uncovers critical factors influencing current and future prices.
For strategic planning, the report provides price forecasts, allowing businesses to anticipate price shifts and make informed decisions about procurement and investment. The forecast draws on historical data, market trend, and key economic indicators, ensuring a reliable outlook for stakeholders. Additionally, the inclusion of the price index offers a broader view of market performance over time, providing a valuable benchmark for evaluating market trends. With these insights, the report equips industry stakeholders with the tools needed to navigate the complex global market and optimize their strategies in response to evolving conditions.
๐๐ญ๐๐๐ฅ ๐๐ฅ๐๐ญ๐ ๐๐ซ๐ข๐๐๐ฌ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
โข ๐๐๐ฉ๐๐ง: 747 USD/MT
โข ๐๐๐ซ๐ฆ๐๐ง๐ฒ:ย 873 USD/MT
๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ข๐ณ๐ณ๐ฒ๐ฟ๐ถ๐ป๐ด:
โข ๐ ๐ผ๐ป๐๐ต๐น๐ ๐จ๐ฝ๐ฑ๐ฎ๐๐ฒ๐: Annual Subscription
โข ๐ค๐๐ฎ๐ฟ๐๐ฒ๐ฟ๐น๐ ๐จ๐ฝ๐ฑ๐ฎ๐๐ฒ๐: Annual Subscription
โข ๐๐ถ๐ฎ๐ป๐ป๐๐ฎ๐น๐น๐ ๐จ๐ฝ๐ฑ๐ฎ๐๐ฒ๐: Annual Subscription
The study examines the key factors driving price variations, focusing on shifts in raw material costs, the balance between supply and demand, and the impact of geopolitical influences. It also considers sector-specific developments that play a critical role in shaping market prices. By analyzing these elements, the report offers valuable insights into the underlying causes of price fluctuations, helping businesses and investors understand market behavior more effectively.
In addition, the report provides the latest market updates, ensuring stakeholders are informed about recent fluctuations, regulatory changes, and technological advancements. This comprehensive resource equips decision-makers with the necessary tools to enhance their strategic planning and improve forecasting accuracy. Through this analysis, the report becomes an indispensable asset for anyone looking to navigate the complexities of the Steel Plate market and optimize future strategies.
๐ฅ๐ฒ๐พ๐๐ฒ๐๐ ๐๐ผ๐ฟ ๐ฎ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐๐ผ๐ฝ๐ ๐ผ๐ณ ๐๐ต๐ฒ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐:ย https://www.imarcgroup.com/steel-plate-pricing-report/requestsample
๐๐ญ๐๐๐ฅ ๐๐ฅ๐๐ญ๐ ๐๐ซ๐ข๐๐ ๐๐ซ๐๐ง๐- ๐๐ ๐๐๐๐
In Q2 2024, the Steel Plate market was shaped by a combination of supply-demand imbalances, economic uncertainties, and competitive pressures across different regions. In North America, increased production capacity outpaced sluggish demand from key sectors like infrastructure and automotive, creating oversupply. This was exacerbated by an influx of cheaper imports, forcing domestic producers to reduce prices to remain competitive. Additionally, the typical seasonal demand did not materialize as strongly as expected, further weakening the market.
The Asia-Pacific (APAC) region faced a similar situation, with subdued demand from infrastructure and automotive industries, along with persistent inventory surpluses. Economic slowdowns and geopolitical tensions compounded the negative market sentiment, resulting in cautious purchasing behavior and downward pressure on prices. Europe also experienced a significant downturn in steel plate prices, driven by a surplus of competitively priced imports from Asia, overcapacity in production, and a decline in demand from construction and automotive sectors.
Seasonality and reduced industrial output further strained the market, leading to a negative pricing environment. Across all regions, the steel plate market was characterized by oversupply, weak demand, and competitive pressures, creating a challenging pricing landscape.
๐๐ญ๐๐๐ฅ ๐๐ฅ๐๐ญ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
In North America, steel plate prices declined in Q2 2024 due to oversupply and tepid demand from infrastructure and automotive sectors. Increased production capacity, coupled with an influx of lower-cost imports, intensified competitive pressures, forcing domestic producers to lower prices. The lack of strong seasonal demand, combined with broader economic challenges, further contributed to the bearish pricing environment, leading to a consistent downward trend in the market.
In the APAC region, steel plate prices fell in Q2 2024 due to weak demand from infrastructure and automotive sectors, compounded by inventory surpluses and a slowdown in economic activities. Oversupply, driven by persistent operational capacities, further depressed prices. Geopolitical tensions and trade uncertainties also played a role, leading to cautious purchasing behavior and a continued decline in steel plate prices across the region.
In Europe, steel plate prices experienced a notable decline in Q2 2024, driven by weakened demand from construction and automotive sectors and an influx of cheaper steel imports from Asia. Overcapacity in production and heightened competition from imports pressured domestic producers to revise their pricing strategies. Seasonality, particularly summer holidays in northern Europe, further dampened demand, resulting in a persistent downward trend in steel plate prices across the region.
๐๐ฉ๐๐๐ค ๐๐จ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ : https://www.imarcgroup.com/request?type=report&id=22658&flag=C
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ซ๐ข๐๐ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
โข ๐๐๐ถ๐ฎ ๐ฃ๐ฎ๐ฐ๐ถ๐ณ๐ถ๐ฐ: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
โข ๐๐๐ฟ๐ผ๐ฝ๐ฒ: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
โข ๐ก๐ผ๐ฟ๐๐ต ๐๐บ๐ฒ๐ฟ๐ถ๐ฐ๐ฎ: United States and Canada
โข ๐๐ฎ๐๐ถ๐ป ๐๐บ๐ฒ๐ฟ๐ถ๐ฐ๐ฎ: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
โข ๐ ๐ถ๐ฑ๐ฑ๐น๐ฒ ๐๐ฎ๐๐ & ๐๐ณ๐ฟ๐ถ๐ฐ๐ฎ: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
๐ก๐ผ๐๐ฒ: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
๐๐ผ๐ป๐๐ฎ๐ฐ๐ ๐๐:
๐๐ ๐๐ฅ๐ ๐๐ฟ๐ผ๐๐ฝ
134 N 4th St. Brooklyn, NY 11249, USA
๐๐บ๐ฎ๐ถ๐น: sales@imarcgroup.com
๐ง๐ฒ๐น ๐ก๐ผ:(๐) +91 120 433 0800
๐จ๐ป๐ถ๐๐ฒ๐ฑ ๐ฆ๐๐ฎ๐๐ฒ๐: +1-631-791-1145
๐๐ฏ๐ผ๐๐ ๐จ๐:
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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