Steel Plate Price Trend and Forecast

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Steel Plate Price Trend and Forecast

• In the final quarter of 2022, the Steel Plate
  price plunged in the US market owing to the
  limited inquiries from the downstream segment. In
  October, major manufacturers were curtailing
  production activity to fill the supply-demand
  gap. The Mississippi River's water level had
  dropped so low that barges had become stuck,
  resulting in costly dredging and traffic
  congestion. According to manufacturers, Steel
  Plate fell as the market remains concerned about
  logistics. As shippers cannot load as much weight
  on a barge at low water levels, barges became
  much more expensive, causing shipping delays.
  Towards the quarter's end, the inventory level
  dropped, and Steel Plate manufacturers started
  raising prices, anticipating a higher demand
  outlook before the Christmas holiday. Buyers had
  opted wait-and-watch outlook as the market slowed
  ahead of the holidays. Thus, Steel Plate (20 mm)
  prices for Ex Works Texas (USA) settled at USD
  1605/MT.
• https//www.chemanalyst.com/Pricing-data/steel-pla
  te-1439

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New Updated Steel Plate Prices Online
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In the Chinese market, the Steel Plate pricing

• In the Chinese market, the Steel Plate pricing
  showcased a declining trend in the final quarter
  owing to the limited downstream demand amidst
  higher inventory levels. Steel mills lowered
  their output in October, and steel transactions
  increased. Measures for preventing and
  controlling epidemics were tightened in some
  places, and transportation and logistics were
  stopped. Production capacity was high, and
  significant supply limitations were observed.
  However, because of the high cost of raw
  materials, the steel plant quickly experienced a
  loss. Market participants claim that domestic
  COVID regulations and the complicated
  international scenario harm the revival of steel
  demand. Fewer Chinese steel mills intend to stock
  up on steel plates before the Chinese New Year.
  Thus, Mild Steel (Q235B-10 mm) Plate prices for
  Ex Shanghai (China) settled at USD 554/MT.
• https//www.chemanalyst.com/Pricing-data/steel-pla
  te-1439

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Steel Plate Supply in Global Market Online
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Towards the closure of Q4, the Steel Plate prices
edged in the downward direction amidst a higher
inventory level and stable demand 

• Towards the closure of Q4, the Steel Plate prices
  edged in the downward direction amidst a higher
  inventory level and stable demand outlook. Steel
  plate prices remained low in October as a result
  of strong demand and the availability of
  affordable slabs. Suppliers claimed that they
  were utilizing more expensive slabs since any
  savings from buying cheaper slabs would be
  outweighed by increasing energy prices in Europe.
  However, trading activity in the area remained
  minimal, with the majority of the tonnages
  exchanged being minor. Instead of investing in
  more capacity, buyers would rather sell off their
  depreciating stock. After reserving the necessary
  volumes in December, large purchasers fled the
  market, which was already slowing due to the
  impending Christmas holidays. Thus, the
  discussions of Steel Plate (16 mm) prices for Ex
  Ruhr settled at USD 963/MT.
• https//www.chemanalyst.com/Pricing-data/steel-pla
  te-1439

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Steel Plate Price Trend and Forecast
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Demand of Steel Plate in North America Market
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Free Search Steel Plate Market Price Online
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In the final quarter of 2022, the Steel Plate
prices plunged in the US market owing to the
limited inquiries from the downstream segment

• In the Chinese market, the Steel Plate prices
  showcased a declining trend in the final quarter
  owing to the limited downstream demand amidst
  higher inventory levels. Steel mills lowered
  their output in October, and steel transactions
  increased.

• Towards the closure of Q4, the Steel Plate prices
  edged in the downward direction amidst a higher
  inventory level and stable demand outlook. Steel
  plate prices remained low in October as a result
  of strong demand and the availability of
  affordable slabs.

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