Steel Plate Prices, News, Demand, Supply, Historical Price Chart and Forecast

North America Steel Plate Prices the Second Quarter of 2024:

Steel Plate Prices in United States:

During the second quarter of 2024, steel plate prices in the United States fell to $1,185 per metric ton by June, primarily due to weak domestic demand and increased competition from low-cost imports. Despite expectations for seasonal demand to bolster prices, the market did not see the anticipated uptick, leading to a continued downward trend.

This situation highlights broader economic challenges faced by the steel industry, with manufacturers struggling to maintain profitability in a bearish pricing environment. The combination of sluggish demand and import pressures has created significant challenges for U.S. steel producers.

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APAC Steel Plate Prices Q2 2024:

Steel Plate Prices in Japan:

In Q2 2024, Japan's steel plate market faced significant price reductions, with prices dropping to $747 per metric ton by June. This decline was largely driven by weak consumption across key industries, leading to a surplus in inventories. Economic slowdowns further exacerbated the situation, as demand failed to meet expectations.

Seasonal factors also contributed to the bearish market sentiment, with producers struggling to adapt to the changing landscape. The combination of these challenges has created a difficult environment for steel manufacturers, reflecting ongoing negative trends and uncertainty within the industry.

Europe Steel Plate Prices Q2 2024:

Steel Plate Prices in Germany:

In Q2 2024, Germany's steel plate market experienced consistent price declines, with prices reaching $873 per metric ton by June. This downturn was primarily driven by weakening local demand, as key industries faced challenges that hindered consumption. Additionally, increased competition from importing countries intensified the pressure on domestic prices.

The market also struggled with overcapacity, as production levels exceeded demand, contributing to the bearish pricing landscape. Seasonal factors further exacerbated the situation, leading to a persistently negative outlook for producers. As a result, the steel industry in Germany faced significant challenges amid ongoing economic uncertainties.

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How IMARC Pricing Database Can Help

The latest IMARC Group study, "Steel Plate Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition," presents a detailed analysis of Steel Plate price trend, offering key insights into global Steel Plate market dynamics. This report includes comprehensive price charts, which trace historical data and highlights major shifts in the market.

The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Steel Plate demand, illustrating how consumer behaviours 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.

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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 provides a comprehensive suite of market entry and expansion services. IMARC offerings include a 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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