Steel Plate Prices Trend | Pricing | News | Database | Chart



 North America

In Q3 2024, Steel Plate prices in North America experienced a significant downturn, declining by 10% compared to the previous quarter. This price drop was driven by several factors, including weakening demand, increased imports, and intensified global competition. Year-over-year, prices fell by a staggering 34%, reflecting a persistent negative trend across the region.

The USA, the most affected market, showed a notable price disparity between the first and second halves of the quarter, signaling a steady downward trajectory. Market conditions in the USA softened further post-summer, with limited transactions reported and reduced demand from key industries such as automotive and construction. These factors amplified the downward pressure on Steel Plate prices.

Despite stabilization efforts, the market struggled to regain balance, culminating in a quarter-ending price of USD 1,075/MT for Steel Plate (20 mm) Ex Works Texas, underscoring the prevailing negative sentiment in the region.

Get Real time Prices for Steel Plate: https://www.chemanalyst.com/Pricing-data/steel-plate-1439

Asia-Pacific

The APAC region also faced a challenging Q3 2024 for Steel Plate pricing, marked by declining prices influenced by several factors. Weakening demand, oversupply concerns, and heightened global competition placed significant pressure on prices. Reduced construction activity and sluggish demand across critical sectors, coupled with increased imports from competitive markets, further exacerbated the decline.

Economic uncertainties, trade disputes, and varied pricing strategies added complexity to the region's pricing landscape. Japan experienced the sharpest fluctuations, with prices significantly lower than in the same quarter of the previous year.

A quarter-on-quarter price decline of 1% was recorded, reflecting a consistent downward trend. A comparison of the first and second halves of the quarter indicated steady price erosion, highlighting the negative market sentiment. The quarter ended with the price of Mild Steel (JIS 3101-10 mm) Plate Ex Osaka in Japan at USD 739/MT, reinforcing the downward trend.

Europe

In Europe, the Steel Plate market in Q3 2024 witnessed a substantial decline in prices, driven by oversupply, weak demand, and intense market competition. The downturn was exacerbated by stagnant demand from key sectors such as automotive and construction, which further intensified pricing pressures.

Challenges in retaining market share, financial losses, and managing CO2 emissions allowances compounded the negative pricing environment. Germany recorded the most significant price fluctuations, with prices notably lower compared to the same quarter last year and a further 7% decline from Q2 2024.

A comparison of prices within the quarter revealed a sharp decline, culminating in a quarter-ending price of USD 803/MT for Steel Plate (16 mm) FD-Ruhr. Overall, Q3 2024 in Europe was marked by continuous price decreases and challenging market conditions, reinforcing the negative sentiment in the region's Steel Plate market.

 

 

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