Steel Plate Price Chart, Demand, News, Historical and Forecast Analysis

𝐒𝐭𝐞𝐞𝐥 𝐏𝐥𝐚𝐭𝐞 𝐏𝐫𝐢𝐜𝐞𝐬 𝐈𝐧 𝐔𝐒𝐀

• 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬: 1185 USD/MT

During the second quarter of 2024, the steel plate prices in the United States reached 1185 USD/MT in June. 

The latest IMARC Group report, "𝐒𝐭𝐞𝐞𝐥 𝐏𝐥𝐚𝐭𝐞 𝐏𝐫𝐢𝐜𝐞𝐬, 𝐓𝐫𝐞𝐧𝐝, 𝐂𝐡𝐚𝐫𝐭, 𝐃𝐞𝐦𝐚𝐧𝐝, 𝐌𝐚𝐫𝐤𝐞𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐍𝐞𝐰𝐬, 𝐇𝐢𝐬𝐭𝐨𝐫𝐢𝐜𝐚𝐥 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐃𝐚𝐭𝐚 𝐑𝐞𝐩𝐨𝐫𝐭 𝟐𝟎𝟐𝟒 𝐄𝐝𝐢𝐭𝐢𝐨𝐧," presents a detailed analysis of 𝐒𝐭𝐞𝐞𝐥 𝐏𝐥𝐚𝐭𝐞 𝐏𝐫𝐢𝐜𝐞𝐬, 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.

𝐒𝐭𝐞𝐞𝐥 𝐏𝐥𝐚𝐭𝐞 𝐏𝐫𝐢𝐜𝐞𝐬 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

• 𝐉𝐚𝐩𝐚𝐧: 747 USD/MT
• 𝐆𝐞𝐫𝐦𝐚𝐧𝐲:  873 USD/MT

𝗥𝗲𝗽𝗼𝗿𝘁 𝗢𝗳𝗳𝗲𝗿𝗶𝗻𝗴:

• 𝗠𝗼𝗻𝘁𝗵𝗹𝘆 𝗨𝗽𝗱𝗮𝘁𝗲𝘀: Annual Subscription
• 𝗤𝘂𝗮𝗿𝘁𝗲𝗿𝗹𝘆 𝗨𝗽𝗱𝗮𝘁𝗲𝘀: Annual Subscription
• 𝗕𝗶𝗮𝗻𝗻𝘂𝗮𝗹𝗹𝘆 𝗨𝗽𝗱𝗮𝘁𝗲𝘀: 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.

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

𝐒𝐭𝐞𝐞𝐥 𝐏𝐥𝐚𝐭𝐞 𝐏𝐫𝐢𝐜𝐞 𝐓𝐫𝐞𝐧𝐝- 𝐐𝟐 𝟐𝟎𝟐𝟒

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.

𝐒𝐭𝐞𝐞𝐥 𝐏𝐥𝐚𝐭𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

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.

𝐒𝐩𝐞𝐚𝐤 𝐓𝐨 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 : https://www.imarcgroup.com/request?type=report&id=22658&flag=C

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.

𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝘂𝘀:

𝗜𝗠𝗔𝗥𝗖 𝗚𝗿𝗼𝘂𝗽
134 N 4th St. Brooklyn, NY 11249, USA
𝗘𝗺𝗮𝗶𝗹: sales@imarcgroup.com
𝗧𝗲𝗹 𝗡𝗼:(𝗗) +91 120 433 0800
𝗨𝗻𝗶𝘁𝗲𝗱 𝗦𝘁𝗮𝘁𝗲𝘀: +1-631-791-1145

𝗔𝗯𝗼𝘂𝘁 𝗨𝘀:

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.

This release was published on openPR.