Steel Plate Price Trend , Prices, Index and Regional Data | IMARC Group

North America Steel Plate Prices Movement Q2

Steel Plate Prices in USA:

Steel plate prices in the USA between April and June 2024 beat its price levels for the same quarter in 2023 when it averaged $1,185 per metric ton. While typical season trends tend to encourage higher prices during those periods, such was not the expectation since the demand didn't materialize, thus putting in an even more intense downward pressure. Well, it was raining outside with all the economic decisions to the extent that the industry felt suffocated by both decreased activity and stiff price competition- under a very bearish market

When steel prices charges from one quarter to another, that is between April and June in the year, this is called the second quarter of the year 2024. Felling to $1,185 per metric ton, by June, it drew back again from the US market. The reason was, market demand did not improve at a good rate, and there was always an abundant supply by the very cheap imported steel. Normally, the seasonal trends during this time were in favor of high prices, but what was expected failed to happen. The down pressure was aggravated by broader challenges within the economy. Such strains left the industry under severe pressure as it continued to deal with low activity and pricing dynamics in competition.

Steel Plate Prices in Japan:

The steel plate market in Japan plummeted steeply in Q2 2024 because of the combination of weak demand from the core sectors, surplus stocks, and the slowing economic machinery. The seasonal elements also confirmed their contribution to dropping prices. By June, steel plate prices dropped to $747 per metric ton. During this quarter, the market was overall negative, with continuing market challenges and lack of confidence.

Steel Plate Prices in Germany:

The second quarter of 2024 saw continuous falls of prices in the German steel plate market. In June, it finished at $873 per metric ton. Prices fell due to weakened local demand and heightened competition from imports. Further complicated the situation were overcapacity and slow economic activity. Seasonal factors were also a major contributing factor to the drop and established an ongoing bearish pricing trend during the course of the reference period.

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.

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