Stainless Steel Plate Price in USA
- United States: 3483 USD/MT
The price of stainless steel plate in USA reached 3483 USD/MT during December 2023.
The latest report by IMARC Group, titled "Stainless Steel Plate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of stainless steel plate prices. This report delves into globally, presenting a detailed analysis, along with informative price chart. Through comprehensive 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 demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Stainless Steel Plate Prices Analysis:
- China: 1856 USD/MT
- Germany: 3128 USD/MT
Report Offering:
- Monthly Updates: Annual Subscription
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The study delves into the factors affecting stainless 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 forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/stainless-steel-plate-pricing-report/requestsample
Stainless Steel Plate Price Trend- Last Quarter
The market for stainless steel plates in North America showed consistent rates in the second quarter of 2024, driven by a steady production activity and a balanced supply-demand dynamic. Price stability was preserved by stable demand from important industries including construction and the automobile industry, as well as moderate raw steel production.
Throughout the quarter, there were no notable disturbances or plant closures, avoiding supply surprises that may have caused volatility. In the U.S. market specifically, seasonal patterns and robust requirement from the vehicle manufacturing and building industries contributed to a stable pricing environment. Prices climbed in the previous quarter, demonstrating a timeframe of stability and resistance against downward pressures.
Stainless Steel Plate Industry Analysis
During the second quarter of 2024, the market in Europe had a noticeable increase. This increase was caused by a number of reasons, including the EU's Critical Raw Materials Act (CRMA), which highlighted the requirement for safe and diverse distribution chains and raised alloy surcharges in response to rising nickel as well as molybdenum costs. The overall price increases were a result of increased manufacturing costs brought on by rising energy costs and inflationary concerns. The growing momentum in prices was exacerbated by geopolitical issues resulting from terrorist assaults close to the Suez Canal by the Houthi group, which increased transportation expenses.
Thyssenkrupp's decline in manufacturing volume at its Duisburg location and the strong recuperation in the vehicle manufacturing sector resulted in the largest price rises in Germany. Furthermore, the reduction in interest charges by the European Central Bank increased the requirement for stainless steel, strengthening the overall positive sentiment in the region.
On the other hand, the Asia-Pacific area had a difficult quarter due to a steady drop in the cost of stainless-steel plate. overbearing production costs, excessive levels of inventory, and poor downstream need. Seasonal downturns and worries surrounding the world economy further subdued the market. Mills continued to produce despite rising feedstock costs, especially for nickel, which resulted in an excess supply and additional price reductions.
China saw the biggest price drops due to decreased requirement from the real estate and auto industries as well as decreased infrastructure spending. Stagnant demand and high manufacturing rates led to growing stocks and a pessimistic outlook for the market. Prices were lower at the conclusion of the quarter compared to the previous one, which was indicative of the continued difficulties in the area.
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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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include 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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