Steel Plate Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition
Steel Plate Price Trend, Index and Forecast
Track real-time and historical steel plate prices across global regions. Updated monthly with market insights, drivers, and forecasts.
Steel Plate Prices July 2025
| Region | Price (USD/KG) | Latest Movement |
|---|---|---|
| Northeast Asia | 0.46 | -2.2↓ Down |
| Europe | 1.08 | 3.0↑ Up |
| India | 0.69 | 1.5↑ Up |
| North America | 1.64 | 0.6↑ Up |
Market Overview Q3 Ending September 2025
Northeast Asia: Northeast Asia experienced downward price pressure. The region faced significant challenges from oversupply conditions, particularly in China, where new production capacity additions continued to exceed domestic demand growth. Demand-side factors showed mixed performance, with construction and infrastructure projects experiencing seasonal slowdowns while manufacturing sectors maintained steady consumption patterns. Supply conditions remained abundant due to high utilization rates at integrated steel mills across China, Japan, and South Korea, creating competitive pressure in regional markets. Cost components reflected volatile raw material pricing, with iron ore imports from Australia and Brazil fluctuating due to mining disruptions and shipping delays.
Europe: Europe demonstrated contrasting performance. This upward trend resulted from multiple converging factors, including strengthening demand from construction and automotive sectors, particularly in Germany and France, where infrastructure investment programs accelerated. Supply-side dynamics showed constraints due to energy-related production limitations and scheduled maintenance activities at major steel facilities across the region. Cost structures faced significant pressure from elevated energy prices, particularly natural gas costs that remained volatile due to geopolitical uncertainties and supply chain disruptions. Raw material costs increased due to higher iron ore and coking coal prices, compounded by logistics challenges in securing reliable supply chains from traditional suppliers. International shipping costs from raw material suppliers remained elevated, while container availability improved gradually throughout the quarter.
India: India recorded moderate price appreciation. The domestic market benefited from robust demand growth across infrastructure, automotive, and industrial construction sectors, supported by government infrastructure development initiatives and increased private sector investment. Supply conditions showed balanced dynamics as domestic producers optimized production schedules to meet seasonal demand patterns while managing raw material procurement effectively. Cost components reflected ongoing challenges with iron ore availability and transportation logistics, particularly affecting steel mills in eastern and central regions. Domestic iron ore mining operations faced regulatory compliance requirements that impacted production schedules and cost structures. International shipping costs for imported coking coal from Australia and the United States remained elevated due to logistical constraints and vessel availability issues.
North America: North America maintained premium pricing levels, reflecting the region's high-value market positioning and quality differentiation strategies. Demand fundamentals showed consistent strength from key consuming sectors, including oil and gas infrastructure, construction, and heavy machinery manufacturing, particularly in the United States and Canada. Supply dynamics remained balanced despite scheduled maintenance activities at major integrated mills, with capacity utilization rates optimized to meet seasonal demand patterns. Cost structures benefited from competitive domestic iron ore availability, particularly from Minnesota and Michigan sources, though coking coal costs increased due to mining challenges and transportation constraints. Energy costs showed relative stability compared to other regions, supporting operational competitiveness for electric arc furnace operations. International shipping costs for exports remained manageable due to established logistics networks and improved container availability at Great Lakes and Gulf Coast ports.
Steel Plate Price Trend, Market Analysis, and News
IMARC's latest publication, “Steel Plate Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” presents a detailed examination of the steel plate market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of steel plate at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents detailed steel plate prices trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting steel plate pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.
Steel Plate Industry Analysis
The global steel plate industry size reached USD 69.36 Billion in 2024. By 2033, IMARC Group expects the market to reach USD 87.38 Billion, at a projected CAGR of 2.47% during 2025-2033. The market is driven by the expanding infrastructure development projects worldwide, increasing demand from automotive lightweighting initiatives, growing shipbuilding and offshore energy applications, rising construction activity in emerging economies, and technological advancements in high-strength steel plate manufacturing.
Latest developments in the Steel Plate industry:
- February 2025: Swedish steelmaker SSAB unveiled the first-ever SSAB Zero™ steel plate within its renowned Hardox® product line at Bauma 2025. The highlight of the launch was Hardox® 450 wear plate manufactured using SSAB Zero™, which retained the exceptional strength, durability, and resistance to abrasion that have long established Hardox® as the global benchmark for premium wear plate.
- October 2023: Tata Steel held a groundbreaking ceremony for its upcoming 7,50,000 Tonnes per annum scrap-based electric arc furnace (EAF) steel plant in Ludhiana.
- September 2023: Tata Steel and the UK Government agreed on a proposal for the largest investment in the UK Steel Industry for the future of sustainable steelmaking in the UK.
Product Description
Steel plate is a flat-rolled steel product manufactured through hot rolling processes, characterized by its thickness typically exceeding 6mm and rectangular flat configuration. This fundamental steel product occupies a critical position in the global steel value chain, serving as an essential input material for numerous heavy industrial applications worldwide. Steel plates exhibit exceptional strength-to-weight ratios and structural integrity, making them indispensable for load-bearing applications across multiple sectors. Primary industrial applications include structural construction for buildings and bridges, pressure vessel manufacturing for chemical and energy industries, shipbuilding for marine vessel hulls and decking, heavy machinery fabrication, and offshore platform construction. The automotive sector utilizes specialized high-strength steel plates for chassis components and safety structures, while the energy sector relies on steel plates for pipeline construction, storage tank fabrication, and power generation equipment, enhancing structural performance and operational reliability across diverse industrial applications.
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Steel Plate |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Steel Plate Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, 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, Greece* North America: United States, Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
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| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of steel plate pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
- The study examines factors affecting steel plate price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The steel plate price charts ensure our clients remain at the forefront of the industry.
Key Questions Answered in This Report
The steel plate prices in July 2025 were 0.46 USD/Kg in Northeast Asia, 1.08 USD/Kg in Europe, 0.69 USD/Kg in India, and 1.64 USD/Kg in North America.
The steel plate pricing data is updated on a monthly basis.
We provide the pricing data primarily in the form of an Excel sheet and a PDF.
Yes, our report includes a forecast for steel plate prices.
The regions covered include North America, Europe, Asia Pacific, Middle East, and Latin America. Countries can be customized based on the request (additional charges may be applicable).
Yes, we provide both FOB and CIF prices in our report.
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