Mild Steel (MS) Plate Price: Year-End 2024 Price Analysis and Trade Forecast for 2025

Mild Steel (MS) Plate 10mm Price Trends and 2025 Forecast - FOB India (YoY Analysis)

The prices of 10mm Mild Steel (MS) plates in India have shown a clear downward trend over the final quarter of 2024, mirroring broader softness in the steel market. From October to December 2024, prices have declined significantly when compared to the same months in 2023. In October 2024, the MS plate price dropped to 626 USD/MT from 709 USD/MT in October 2023, reflecting a 12% year-over-year decrease. November saw prices fall from 690 USD/MT to 615 USD/MT, a reduction of 11%. December closed with a 10% drop, with prices declining from 688 USD/MT in 2023 to 619 USD/MT in 2024.

Get the Real-Time Price Analysis: https://www.expertmarketresearch.com/price-forecast/ms-plate-price-forecast/requestsample

This steady price decline is largely attributed to a combination of global oversupply, reduced industrial demand, and falling raw material costs. As construction and manufacturing activities slowed due to tightening monetary policies and global economic uncertainties, demand for flat steel products such as MS plates also weakened. Meanwhile, steel mills, particularly in Asia, continued to produce at high volumes, contributing to downward pressure on prices.

According to Expert Market Research, this soft pricing trend is expected to persist into the first half of 2025. The forecast suggests that mild steel plate prices are likely to fall further as the oversupply issue remains unresolved and end-use demand remains subdued. Any potential recovery in prices will likely depend on global economic stabilization, resumption of large-scale infrastructure projects, and potential production cuts by major producers.

For buyers, this environment may offer cost advantages in the near term. However, producers and traders will need to focus on improving operational efficiencies and managing inventories effectively to navigate through the anticipated continued price softness in early 2025.

Read More About Mild Steel (MS) Plate Price Trend: https://www.expertmarketresearch.com/price-forecast/ms-plate-price-forecast

Global Mild Steel Plate Trade: Key Exporters, Importers, and Suppliers

The international trade of mild steel (MS) plates continues to be driven by the dynamic interplay between major exporting and importing nations, alongside a few dominant suppliers who cater to global steel demand. With growing industrial and infrastructure needs in developing countries and steady consumption in developed economies, MS plate remains a critical commodity in global trade.

Leading Exporting Countries

Several nations play a key role in the export of mild steel plates. Poland has emerged as a significant European exporter, while Ukraine, despite ongoing geopolitical challenges, continues to maintain its presence in steel exports. Spain and Japan also contribute notably, supported by advanced steel production capabilities. Singapore, Russia, Brazil, and Thailand further diversify the global supply base, leveraging both regional trade partnerships and cost-efficient manufacturing.

Leading Importing Countries

The United States tops the list of importing countries, followed by Germany, Turkey, Italy, China, India, South Korea, and Mexico. These nations are among the world's largest consumers of steel, driven by infrastructure projects, automotive manufacturing, shipbuilding, and industrial development. Countries like India and China, although large producers themselves, also import specific grades or volumes to balance supply-demand gaps or meet quality standards.

Major Suppliers in the Global Market

The market is supported by leading steel producers that have a strong global footprint:

• ArcelorMittal (Luxembourg): One of the world's largest steel producers with a vast export network.
• Tata Steel (India): A key player in Asia and Europe, known for high-quality flat products.
• Jindal Steel & Power Limited (India): A growing exporter with a strong presence in plates and heavy steel sections.
• POSCO (South Korea): Globally respected for advanced steel technology and quality.
• Nippon Steel Corporation (Japan): A long-standing supplier with a reputation for precision and durability.
• Hesteel Group (China): One of China's top producers, supplying globally at competitive rates.
• Hyundai Steel (South Korea): Integrated operations and a significant player in Asia-Pacific trade.
• Baosteel Group (China): A major force in China's export market with diversified steel offerings.

These suppliers, backed by robust production and distribution networks, continue to shape pricing trends and availability in the global MS plate market.

Ask an Analyst: https://www.expertmarketresearch.com/request?type=report&flag=C&id=8734

Report Scope:
• Historical Price Data and Analysis, 2021-2024
o Historical Price Data - Monthly
o Grade-Wise Price Fluctuation
o Correlation with Feedstock Price Movement
o Key Market Opportunities and Risks
• Price Outlook
o Monthly Price Forecast (Rolling 3-month forecast for 12 months) (3 Month Quarterly Update)
o Long-Term Price Forecast (2 years), 2025-2026
o Price Influencing Factors
• Supply and Demand Analysis
o Global Market Supply Analysis (2021-2026)
o Global Market Demand Analysis (2021-2026)
o Demand-Supply Gap Analysis
o Historical Dynamics (2021-2024)
o Market Dynamics (Drivers and Constraints)
o Top 5 Deficit Countries with Net Import
o Top 5 Surplus Countries with Net Export
• Cost Breakdown of Tin Plate
o Direct Cost
o Indirect Costs
o Tax and Regulatory Costs
o Profit Margin
• Latest Industry News
o Recent Developments
o Geopolitical Events
o Insights From Government Data and Industries Bodies
• Key Macroeconomic Indicators
o GDP Growth
o Inflation Rates
o Currency Exchange Rates
o Impact on Commodity Prices

How Claight Corporation (Expert Market Research) Database Can Help

The latest report by Expert Market Research, "Mild Steel (MS) Plate Prices, Trends, Charts, Demand, and Market Analysis - 2025 Edition," offers a comprehensive overview of the global pricing landscape for mild steel (MS) plate. Designed for industry stakeholders, the study provides detailed historical and forecast price data, highlighting key market shifts and emerging pricing trends.

Drawing from in-depth research, the report analyses the primary factors influencing mild steel (MS) plate prices, including fluctuations in raw material availability, changes in production capacity, and macroeconomic or geopolitical developments. Additionally, the report evaluates global and regional demand patterns, outlining how shifts in end-use industries such as construction, paper, and plastics are impacting market dynamics. By examining the supply-demand balance, Expert Market Research's report helps businesses understand the underlying forces shaping current and future pricing environments, offering valuable insights to guide procurement, pricing strategy, and investment planning.

Contact us:

Claight Corporation (Expert Market Research)
30 North Gould Street, Sheridan, WY 82801, USA
Email: sales@expertmarketresearch.com
Tel No: (D) +91-723-689-1189
United States:+1-415-325-5166

About Claight Corporation (Expert Market Research):

Expert Market Research is a leading provider of syndicated and custom market intelligence, supporting clients with strategic insights across a broad range of industries. The firm delivers end-to-end research services including demand-supply assessments, pricing and cost analysis (including regional spot prices), feasibility studies, regulatory mapping, and competitive benchmarking. Expert Market Research's geographic coverage spans Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa. With a data-driven methodology and deep sectoral expertise, Expert Market Research enables clients to make informed decisions and capture growth opportunities in evolving global markets.

This release was published on openPR.