Steel Plate Prices In USA

• United States: 1514 USD/M (20mm)

In December 2023, the price of steel plate in the United States rose to $1,514 per metric ton during the fourth quarter.

The latest report by IMARC Group, titled " Steel Plate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data ," provides a thorough examination of the Steel Plate Prices . This report delves into the price of Steel Plate globally, presenting a detailed analysis, along with informative Steel Plate Price Chart. Through comprehensive Steel Plate Price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the Steel Plate Demand, analyzing how it impacts Industry dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.

Steel Plate Prices December 2023:

• United States: 1514 USD/M (20mm)
• Japan: 854 USD/MT Mild Steel (JIS 3101-10 mm) Plate
• Germany: 950 USD/MT (16mm)

Report Offering:

• Monthly Updates - Annual Subscription
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The study delves into the factors affecting steel plate price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.

The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecasting capabilities.

Request For a Sample Copy of the Report: https://www.imarcgroup.com/steel-plate-pricing-report/requestsample

Steel Plate Price Trend- Q4 2023

The steel plate market is driven by several key factors, including the robust growth of the construction and infrastructure sectors. As urbanization and industrialization progress globally, the demand for durable and high-strength materials like steel plates rises. Additionally, the widespread product utilization in the automotive industry for vehicle manufacturing, particularly in producing parts that demand high tensile strength, is boosting the market growth. Besides this, recent advancements in shipbuilding and offshore structures, which require thick and durable steel plates to withstand harsh marine environments, are driving the market growth. Furthermore, recent technological advancements in steel production, such as improved rolling techniques and alloy compositions, which enhance product quality and performance, are fostering the market growth. In addition, the imposition of stringent environmental regulations and the push for sustainable building materials, which is driving innovation in producing eco-friendly steel plates, is fueling the market growth.

Steel Plate Industry Analysis

The global steel plate market size reached US$ 67.6 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 84.8 Billion, at a projected CAGR of 2.60% during 2023-2032. In North America, steel plate prices in the last quarter were influenced by a combination of factors, including fluctuating raw material costs and changes in domestic production levels. Supply chain disruptions due to labor shortages and transportation issues further strained the market, leading to price volatility. Additionally, trade policies and tariffs impacted import and export dynamics, affecting overall market supply.

In the Asia Pacific region, steel plate prices in the last quarter were primarily driven by the high demand from rapidly growing construction and manufacturing sectors. China's stringent environmental regulations and production curbs to reduce pollution impacted steel production levels, contributing to price increases. Moreover, supply chain disruptions, coupled with rising costs of raw materials like iron ore, further influenced price trends in this region.

In Europe, the factors influencing steel plate prices in the last quarter included supply chain constraints and increased energy costs. The region's reliance on imports for raw materials like iron ore and coal made it susceptible to global price fluctuations. Additionally, the demand surge from the automotive and construction sectors, alongside production challenges due to labor shortages and maintenance shutdowns, contributed to price hikes.

Regional Price Analysis:

• Asia Pacific : China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, 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
• Middle East & Africa : Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco

Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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