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Mild Steel Plate Price Trend and Forecast
Get the latest insights on price movement and trend analysis of Mild Steel Plate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Mild Steel Plate Price Trend for the First Half of 2023
Mild Steel Plates or Low carbon steel plates are the commonly used steel plates as they are more ductile, weldable, and machinable because of their low carbon content (0.05% – 0.25%). With high iron content, the Mild Steel Plate market observed mixed price trend in Asia, especially China.
As the manufacturing sector was reviving in China after a long halt because of the COVID-19 pandemic, Quarter 1 opened with moderate demands from downstream sectors. As a result, the Mild Steel Plate spot prices inclined marginally from an average of about 601 USD/MT to about 639 USD/MT within the first quarter. But as the inventories rose and started piling up with no significant improvement in offtakes, the Mild Steel Plate prices declined by about 14% in the second quarter. Overall, varied market sentiments were observed.
According to Procurement Resource, the Mild Steel Plate offtakes do not project any significant improvements, and with the current inventory levels, the prices are likely to continue wavering.
Procurement Resource provides latest prices of Mild Steel Plate. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Mild Steel Plate is a kind of carbon steel plate containing low amount of carbon. Mild steel is also called as “low carbon steel” as the amount of carbon found in mild steel ranges from 0.05% to 0.25% by weight as opposed to high carbon steel, which contains 0.30% to 2.0% carbon. It is different from alloy steel and does not contain large amount of alloying elements other than iron. Owing to the presence of low carbon, it is more ductile, weldable, and machinable as compared to carbon and other steels. Mild steel is a general purpose steel that is used in most things starting from table frames to cargo ships.
|Mild Steel Plate
|M.S. plates , Low carbon steel plates
|Flanging and forming, Fabrication , Atmospheric corrosion resistance products, Boilers and pressure vessels, Penstock, Ship building, Oil and gas equipments, Automobile body parts, Pipeline manufacturing, Industrial flooring, Galvanizing pots, Engineering application
|POSCO , Hico Multifin Products Private Limited, Gravita India Ltd, Canada Metal North America Ltd, Jamestown North America, Boliden Group
|Asia Pacific: China , India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, 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
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|US$ (Data can also be provided in local currency)
|Supplier Database Availability
|The report can be customized as per the requirements of the customer
|Post-Sale Analyst Support
|360-degree analyst support after report delivery
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Production of Mild Steel Plates generally involve three major steps, viz. primary steelmaking, secondary steelmaking, and casting. Iron ore, coke and lime are obtained and melted together in a blast furnace to produce virgin steel. Once melted, the mixture is transferred to another furnace to remove impurities and make other adjustments to steel’s chemical composition with the addition of carbon and other elements, thus producing mild steel. Then, the obtained product is allowed to solidify into a rectangular shape, which is subsequently brought down to the desired size via hot rolling, cold drawing, etc.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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Phone:+1 307 363 1045
Phone: +91 1203185500
Phone: +44 7537 132103