U.S. Steel Plate Prices 2025, Size, Trend, Graph, News and Forecast



In Q4 2024, the North American Steel Plate market navigated a steady yet challenging environment, shaped by price fluctuations and cautious buyer sentiment. U.S. spot prices for steel plates remained largely stable but edged down slightly, with a 0.8% drop in early December continuing a trend seen since mid-2022. While the Manufacturing Index showed slight improvement—hinting at a potential slowdown in industrial contraction—core indicators such as raw steel production stayed below year-ago levels.

Positive momentum from a 2.8% rise in total vehicle sales and solid construction spending helped support demand. However, high mortgage rates and soft residential real estate activity tempered broader market recovery. Labor shortages and rising material costs further complicated conditions for builders throughout the year.

By quarter’s end, Steel Plate (20 mm) Ex Works Texas was priced at USD 1,024/MT, down from Q3. Market participants face persistent headwinds—muted buying activity, downward pricing pressure, and macroeconomic uncertainty—requiring strategic recalibration as they enter 2025.

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

In Q4 2024, the European Steel Plate market remained subdued, with flat demand and modest price movements. Prices held stable through early December, mirroring ongoing weakness in the construction sector across the eurozone. Although the German Manufacturing Index showed a slight uptick, manufacturing activity remained in contraction. In Southern Europe, despite some mills lowering prices, sluggish trading persisted due to misaligned price expectations between buyers and sellers.

The construction and automotive sectors both saw challenges—new housing development slowed, and car sales weakened, despite a temporary lift in October registrations. Year-end holidays further dampened buying activity, while potential regulatory changes created added uncertainty, keeping market sentiment cautious.

As the quarter closed, Steel Plate (16 mm) FD-Ruhr in Germany was priced at USD 845/MT, a modest increase from previous quarters. This slight gain underscores the market's fragility, with sustained recovery hinging on regulatory clarity and improved demand.

Q4 2024 saw the APAC Steel Plate market contend with early volatility and fluctuating conditions driven by broader economic shifts. In Japan, prices rose modestly at the start of the quarter, supported by retail recovery and leaner inventories. However, mounting pressure from slowing automotive demand and intensifying competition led to price declines by quarter-end.

Manufacturing costs rose, and geopolitical tension—particularly the U.S. blocking a major steel acquisition—disrupted global supply chains. A surge in Chinese imports added to market uncertainty, prompting Japanese officials to signal potential trade actions, heightening buyer caution.

By the end of Q4, Mild Steel (JIS 3101-10 mm) Plate Ex Osaka was priced at USD 739/MT, lower than earlier in the quarter. With demand volatility, production adjustments, and looming policy shifts, market players are bracing for a dynamic start to 2025.

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

 

 

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