SMM analysis projects iron ore prices to trend strong in September as steel mills complete maintenance and ramp up hot metal production, lifting ore demand. Rising coke prices are expected to add further cost support. Demand recovery is anticipated with the peak season, though overall upside may be capped by still-weak end-market conditions.
DCE iron ore futures closed higher with spot prices edging up across mainstream grades. Blast furnace operating rates dipped slightly week-on-week and daily hot metal output declined, but bottoming-out signals and improved market expectations lent support. Traders maintained steady shipments while steel mills held back on procurement, leaving spot trading sluggish.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Stainless Steel Plate | China | FOB | USD 1,970.20/MT | August 2026 |
| Stainless Steel Plate | India | CIF | USD 2,060.99/MT | August 2026 |
| Stainless Steel Plate | USA | CIF | USD 2,125.82/MT | August 2026 |
| Stainless Steel Plate | Germany | CIF | USD 2,083.79/MT | August 2026 |
| Stainless Steel Plate | Australia | CIF | USD 2,064.87/MT | August 2026 |
| Stainless Steel Plate | China | FOB | USD 1,979.30/MT | July 2026 |
| Stainless Steel Plate | India | CIF | USD 2,086.11/MT | July 2026 |
| Stainless Steel Plate | USA | CIF | USD 2,166.79/MT | July 2026 |
| Stainless Steel Plate | Germany | CIF | USD 2,112.93/MT | July 2026 |
| Stainless Steel Plate | Australia | CIF | USD 2,077.76/MT | July 2026 |
Stay updated with the latest Stainless Steel Plate prices, historical data, and tailored regional analysis
Asia
In China, the average price of Stainless Steel Plate edged down from ~USD 1,979.30/MT (FOB) in July to ~USD 1,970.20/MT in August. India recorded a similar trajectory, with prices slightly falling from ~USD 2,086.11/MT (CIF) to ~USD 2,060.99/MT. Regional supply stayed ample, with Asia's stainless melt-shop output rising 6.1% in the first half of the year. In July, the seasonal slowdown and expectations of looser nickel supply, as Indonesia's ore quota issue remained unresolved, weighed on sentiment. Cheaper raw materials also gave mills room to lower offers. The usual September demand pickup did not materialise, so mills planned output cuts for September and October, which helped prices stabilise. Indian buyers benefited from weaker Chinese export offers.
Europe
In Germany, stainless steel plate averaged approximately USD 2,112.93/MT (CIF) in July and slipped to about USD 2,083.79/MT in August, a decline of ~1.4%. Distributors focused on reducing stocks before year-end, and safeguard quotas and uncertainty over the EU carbon border levy discouraged imports. Outokumpu expected its Q3 deliveries to fall by up to 10% due to seasonal factors, reflecting the slow summer market. EU trade measures supported demand for locally made steel, but higher scrap, freight and fuel costs reduced producers' benefits.
North America
In the USA, average stainless steel plate import prices declined from nearly USD 2,166.79/MT (CIF) in July to roughly USD 2,125.82/MT in August, down ~1.9%. Import values tracked lower global raw material costs, and rising domestic output added supply. Sentiment improved in September, when North American Stainless announced higher base prices for several grades from October 1, showing confidence in domestic demand.
Analyst Insight
According to Procurement Resource, stainless steel plate prices are likely to stay steady to slightly firmer as mills cut output and push increases, though weak demand may cap gains.
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Asia
In China, the prices of Stainless Steel Plate were ~USD 1,925.17/MT in April and ~USD 2,004.00/MT in June, showing a ~4.1% increase. In India, the prices of Stainless Steel Plate were ~USD 1,975.17/MT in April and ~USD 2,092.00/MT in June, showing a ~5.9% increase. Asian stainless steel plate markets remained supported by earlier nickel supply concerns and higher alloy costs. However, strong Chinese stainless production limited further price gains. Asian stainless steel melt-shop production reached 13.435 million tonnes in Q1 2026, increasing 3.3% year over year, with China accounting for 9.842 million tonnes. Higher output increased finished steel availability, while weaker exports and slower construction demand reduced upward momentum. Chinese stainless exports declined 28.47% during January-April, increasing domestic supply pressure.
Europe
In Germany, the prices of Stainless Steel Plate were ~USD 2,051.17/MT in April and ~USD 2,126.00/MT in June, showing a ~3.6% increase. European stainless steel plate markets received support from lower regional production and tighter import conditions. EU stainless melt-shop production declined 4.6% year over year in Q1, reducing domestic supply availability. Import economics also became more challenging after CBAM implementation increased costs for some overseas suppliers. However, weak automotive and manufacturing demand limited stronger price growth. Reduced industrial activity prevented supply-side tightening from translating into a larger market increase.
North America
In the United States, the prices of Stainless Steel Plate were ~USD 2,012.17/MT in April and ~USD 2,159.00/MT in June, showing a ~7.3% increase. North American markets remained comparatively firm due to controlled supply growth and lower import availability. U.S. stainless steel melt-shop production increased 2.3% year over year in Q1, while stainless imports declined during Q2. Cut-length stainless plate imports fell 27.9% from April to May, supporting domestic pricing conditions. Stronger producer selling prices and reduced import competition provided additional support despite uneven industrial demand.
Stainless Steel Plate is often referred to as 'corrosion-resistant steel'. It is known by this name as it does not stain, corrode or rust as easily as normal carbon steel. Due to its anti-oxidation qualities, stainless steel has emerged as a popular choice for use among consumers and manufacturers.
Chemical and fuel tanker, Vehicles, Chemical plants, Petro chemical plants, Modern architecture, Cladding, Fascias, Food hygiene, 3D printing
Jindal Stainless Group, Sangavi Enterprise, Panchdeep Metal Corporation, Nandishwar Steel, AB Steel
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
In order to produce Stainless Steel Plate, the raw materials including iron ore, chromium, silicon, nickel, etc. are basically melted together in an electric arc furnace (EAF). This step generally requires about 8 to 12 hours of intense heat to melt these materials and form Stainless-Steel Plate after industrial processing.
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