Domestic iron ore concentrates in China showed mixed price performance across regions, with declines in Hebei areas and gains in east China. Looking ahead, domestic ore faces a cost disadvantage against imports, with the price spread expected to narrow as steel mills regulate procurement, shifting the market toward buyer-led conditions and keeping domestic concentrate prices under pressure.
Chinese iron ore futures finished lower and Qingdao spot prices eased slightly as trader activity stayed thin and steel mills remained wait-and-see. Weekly supply was broadly stable, with global shipments flat and port arrivals edging down, while the Port Hedland strike has not yet materially affected availability. Near-term prices are expected to consolidate on a subdued note.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Stainless Steel Plate | China | FOB | USD 2,004.35/MT | June 2026 |
| Stainless Steel Plate | India | CIF | USD 2,091.90/MT | June 2026 |
| Stainless Steel Plate | USA | CIF | USD 2,159.30/MT | June 2026 |
| Stainless Steel Plate | Germany | CIF | USD 2,125.84/MT | June 2026 |
| Stainless Steel Plate | Australia | CIF | USD 2,070.43/MT | June 2026 |
| Stainless Steel Plate | China | FOB | USD 2,023.90/MT | May 2026 |
| Stainless Steel Plate | India | CIF | USD 2,091.24/MT | May 2026 |
| Stainless Steel Plate | USA | CIF | USD 2,143.09/MT | May 2026 |
| Stainless Steel Plate | Germany | CIF | USD 2,117.35/MT | May 2026 |
| Stainless Steel Plate | Australia | CIF | USD 2,074.73/MT | May 2026 |
Stay updated with the latest Stainless Steel Plate prices, historical data, and tailored regional analysis
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.
Analyst Insight
According to Procurement Resource, stainless steel plate prices are expected to remain supported by regional supply discipline, alloy costs and import availability, while demand recovery will determine upside.
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Asia
In the first quarter of 2026, the average stainless steel plate price in China was approximately 13.27 RMB/kg, which was around 12.96 RMB/kg in January, 13.28 RMB/kg in February, and 13.57 RMB/kg in March. Compared with the previous quarter, stainless steel plate prices in China increased by approximately ~11.69% during Q1’26, while prices rose by ~4.69% from January to March. Market sentiment remained supported by firm nickel costs, controlled supply, and improving construction activity after the Lunar New Year slowdown. Global crude steel production reached 459.2 million metric tons during January–March 2026, while Asia and Oceania contributed 341.7 million metric tons, maintaining ample regional supply. However, export disruptions and higher freight costs through the Strait of Hormuz increased logistical pressure and tightened spot availability.
Europe
Europe, stainless steel plate prices remained largely range-bound as stable supply offset weak industrial and construction demand. Higher freight and energy costs supported pricing, while delayed imports and disrupted shipping routes from the Middle East tightened availability. However, subdued manufacturing activity and conservative procurement limited stronger upward momentum across the quarter.
North America
In North America, the market maintained a firm tone supported by stable domestic production and rising logistics expenses. Demand from infrastructure, industrial equipment, and fabrication sectors improved toward March, though buyers focused mainly on immediate requirements due to market uncertainty and elevated inventory levels. Increased freight premiums and supply-chain disruptions linked to Gulf shipping routes also supported market sentiment.
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
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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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