Electrical Steel Prices | Chart | News | Index | Monitor | Forecast
North America Electrical Steel Prices Movement Q3:
Electrical Steel Prices in United States:
|
Product |
Category |
Price |
|
Electrical Steel |
Metal & Metalloids |
5895 USD/MT |
In the United States, electrical steel prices for Q2 2024 were recorded at 5895 USD/MT in September. In Q3 2024, electrical steel prices in the United States saw a steady rise, supported by a favorable market environment. Year-over-year growth highlighted the positive momentum, with prices increasing in the second half of the quarter compared to the first. While prices remained stable compared to the previous quarter, the upward trajectory reflected growing demand and a healthy industry outlook. This steady rise was indicative of a resilient market, where increased consumption and favorable economic conditions helped maintain price stability, fostering a sense of optimism as the quarter came to a close.
APAC Electrical Steel Prices Movement Q3:
Electrical Steel Prices in Japan:
|
Product |
Category |
Price |
|
Electrical Steel |
Metal & Metalloids |
1400 USD/MT |
The price of electrical steel in Japan for Q2 2024 was recorded at 1400 USD/MT in September. Tokyo Steel, Japan's leading Electric Arc Furnace (EAF) steel manufacturer, has reduced its scrap buying prices in response to shifting industry dynamics and the need to maintain competitiveness. This price cut is expected to lower manufacturing costs for businesses reliant on Tokyo Steel for scrap supplies. However, this move could also have a ripple effect on global ferrous product pricing. Despite the changes in international markets, the electrical steel industry in Japan has shown resilience, adapting to these shifts and maintaining stability amid evolving market conditions. The market's flexibility will be key in navigating future challenges.
Europe Electrical Steel Price Movement:
|
Product |
Category |
Price |
|
Electrical Steel |
Metal & Metalloids |
1810 USD/MT |
In Germany, electrical steel prices for Q2 2024 were recorded at 1810 USD/MT in September. During Q3 2024, electrical steel prices in Germany remained stable, reflecting a period of equilibrium despite underlying market challenges. While shifting industry dynamics and a decrease in demand posed challenges, the domestic market demonstrated resilience. Prices held steady throughout the quarter, signaling stability in the face of fluctuating economic conditions. This stability was particularly notable as the German market navigated external pressures, maintaining a consistent pricing environment. Despite the complexities, including reduced need and ongoing changes in supply chains, electrical steel prices remained firm, highlighting the sector's capacity to adapt and weather market uncertainties.
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How IMARC Pricing Database Can Help
The latest IMARC Group study, “Electrical Steel Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition,” presents a detailed analysis of Electrical Steel price trend, offering key insights into global Electrical Steel market dynamics. This report includes comprehensive price charts, which trace historical data and highlights major shifts in the market.
The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Electrical Steel demand, illustrating how consumer behaviour and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the prices report uncovers critical factors influencing current and future prices.
Explore Full Report Here: https://www.imarcgroup.com/electrical-steel-pricing-report
Key Features:
|
Key Attributes |
Details |
|
Product Name |
Electrical Steel |
|
Report Features |
Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Electrical Steel Price Analysis, and Segment-Wise Assessment. |
|
Currency/Units |
US$ (Data can also be provided in local currency) or Metric Tons |
|
Information Covered for Key Suppliers |
· Company Overview · Business Description · Recent Trends and Developments |
|
Customization Scope |
The report can be customized as per the requirements of the customer |
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