Steel Plate Price Trend , Prices, Index and Regional Data
North America Steel Plate Prices Movement Q2
Steel Plate Prices in USA:
|
Product |
Category |
Price |
|
Steel Plate
|
Metal & Metalloids
|
1185 USD/MT
|
The Price Trend for steel plates in the United States showed a decline during the second quarter of 2024, with prices dropping to $1,185 per metric ton by June. This decrease was mainly due to weak demand in the market and growing competition from cheaper imported steel. Typically, seasonal demand during this period is expected to strengthen prices, but that demand did not materialize, which worsened the downward trend. The market continued to face significant pressure, reflecting broader economic challenges and a bearish pricing environment.
Steel Plate Prices in Japan:
|
Product |
Category |
Price |
|
Steel Plate
|
Metal & Metalloids
|
747 USD/MT
|
In Q2 2024, Japan's steel plate market experienced a sharp drop in prices. This was caused by weak demand in key industries, high levels of inventory, and an overall slowdown in the economy. Seasonal factors also contributed to the price decline. By June, the price of steel plates had fallen to $747 per metric ton. The market remained negative throughout the quarter, with ongoing challenges and low market confidence.
Steel Plate Prices in Germany:
|
Product |
Category |
Price |
|
Steel Plate
|
Metal & Metalloids
|
873 USD/MT
|
In Q4 2023, the Steel Plate market in Germany saw a significant decline in prices. Compared to Q3 2023, prices dropped by 6.03%, and they were 39% lower than in Q4 2022. This decline was mainly caused by weak demand from downstream industries, an oversupply in the market, and falling prices of feedstock materials. Additionally, economic factors such as inflation and changes in the Purchasing Managers’ Index (PMI) affected the market environment, putting further pressure on prices. By the end of the quarter, the price of Steel Plate in Germany was $1,680 per metric ton (FOB Hamburg).
How IMARC Pricing Database Can Help
The latest IMARC Group study, “Steel Plate Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition,” presents a detailed analysis of Steel Plate price trend, offering key insights into global Steel Plate market dynamics. This report includes comprehensive price charts, which trace historical data and highlights major shifts in the market.
The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Iso Butyric Acid demand, illustrating how consumer behavior and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the prices report uncovers critical factors influencing current and future prices.
Request to Get the Sample Report: https://www.imarcgroup.com/steel-plate-pricing-report/requestsample
Key Features:
|
Key Attributes |
Details |
|
Product Name |
Steel Plate |
|
Report Features |
Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Steel Plate Price Analysis, and Segment-Wise Assessment. |
|
Currency/Units |
US$ (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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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include a thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape, and benchmarking analyses, pricing and cost research, and procurement research.
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