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Steel Plate Price Trend and Forecast
Steel Plate Price Trend and Forecast
Steel Plate Price Overview
Get the latest insights on price movement and trend analysis of Steel Plate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Steel Plate Price Trend for Q1 of 2025
Steel plates, which are widely utilized in industries such as construction, automotive, shipbuilding, and heavy machinery, play a vital role in the manufacture of structural parts, tanks, and pressure vessels. Their demand is closely related to economic activities and infrastructure development, and thus the market is sensitive to industrial production and manufacturing requirements.
Steel Plate Price Chart
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The Chinese steel plate industry started the quarter on a stable note amid the slower rate of purchases, affected by seasonal slow periods and doubts in international markets. However, as the quarter progressed, price increases were witnessed. This change took place despite the weakening demand in major sectors like construction and the auto industry.
The increase was fueled by a number of factors, such as supply chain pressures and import availability concerns. Although the confidence of the buyers continued to be cautious based on persistent uncertainty, the market experienced some growth in activity towards the end of the quarter. The trend in prices, therefore, was inconsistent, as it was affected by issues like regulatory shifts and changing trade policies.
Analyst Insight
According to Procurement Resource, the market for steel plates is likely to continue the fluctuating trend, with prices driven by changes in demand from major sectors and trends in international trade.
Steel Plate Price Trend for Q4 of 2024
| Product | Category | Region | Price | Time Period |
| Steel Plate | Energy, Metals and Minerals | USA | 1112 USD/Ton | December 2024 |
Stay updated with the latest Steel Plate prices, historical data, and tailored regional analysis
Procurement Resource provides latest prices of 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.
About Steel Plate
Steel plate is a flat-rolled steel product that comes in various thicknesses and sizes, designed for structural and industrial applications. It is known for its strength, durability, and resistance to impact and corrosion. Steel plates are widely used in construction, shipbuilding, automotive, heavy equipment manufacturing, and pressure vessels. They are also essential in infrastructure projects like bridges and buildings. Available in different grades, steel plates can be tailored to meet specific performance requirements, including wear resistance, toughness, and load-bearing capacity.
Steel Plate Product Details
| Report Features | Details |
| Product Name | Steel Plate |
| HS Code | 7208 |
| Supplier Database | ArcelorMittal, Nippon Steel & Sumitomo Metal Corporation (NSSMC), Hebei Iron and Steel Group, Baosteel, Wuhan Iron and Steel Group |
| Region/Countries Covered | 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 |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Steel Plate Industrial Uses
Steel plates are extensively used across industries due to their strength, versatility, and durability. In construction, they form the backbone of buildings, bridges, and structural supports. The shipbuilding industry relies on them for hulls and decks. In the oil and gas sector, they are used for pipelines, storage tanks, and offshore platforms. Steel plates are also essential in manufacturing heavy machinery, mining equipment, and pressure vessels. Their ability to withstand high pressure and harsh conditions makes them vital in industrial applications.
Methodology
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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