Steel Plate Price Trend Q2 2025: Price Index, Chart And Forecast

Date

2025-08-08 08:00:13

(MENAFN- IMARC Group) Steel Plate Prices in key regions for Q2 2025:

USA: US$ 1110/MT
China: US$ 500/MT
Japan: US$ 750/MT
Germany: US$ 912/MT
India: US$ 641/MT

Regional Prices Movement:

USA:
Steel plate prices in the USA stayed firm, supported by strong construction demand and stable domestic production. Import competition remained limited, while infrastructure spending kept market sentiment positive throughout the quarter.
China:
In China, prices reflected abundant domestic supply and competitive export offers. Government-driven infrastructure activity maintained steady consumption, while moderate raw material costs helped stabilize overall market conditions during the quarter.
Japan:
Japanese steel plate prices saw stability, aided by consistent demand from shipbuilding and machinery sectors. Efficient supply chains and controlled raw material expenses kept market fluctuations within a narrow range.
Germany:
Germany experienced steady pricing trends, supported by industrial manufacturing demand. Imports from nearby EU nations ensured adequate supply, while moderate construction activity provided a stable base for price movements during the quarter.
India:
In India, prices were shaped by robust demand from infrastructure and fabrication industries. Import dynamics, raw material costs, and seasonal project activity collectively influenced the overall pricing environment during the quarter.

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Factors Affecting Steel Plate Prices:

Demand-Side Factors:

Growth in construction and infrastructure projects increasing procurement volumes.

Rising demand from shipbuilding and heavy machinery manufacturing sectors.

Automotive industry expansion boosting requirements for high-strength steel plates.

Supply-Side Factors:

Fluctuations in iron ore and coking coal prices impacting production costs.

Disruptions in global shipping affecting timely delivery of raw materials.

Production curtailments due to maintenance shutdowns or environmental regulations.

Global Steel Plate Market Analysis:

The global steel plate market was valued at USD 69.36 billion in 2024. According to IMARC Group, it is projected to reach USD 87.38 billion by 2033, expanding at a CAGR of 2.47% during 2025-2033. This growth is driven by rising demand across construction, shipbuilding, heavy machinery, and renewable energy sectors, coupled with technological advancements in steel manufacturing. Increasing infrastructure investments worldwide and the need for high-strength, durable materials are expected to further support market expansion over the forecast period.
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Key Growth Drivers:

Expanding infrastructure projects globally.

Increased shipbuilding and offshore engineering activities.

Rising demand from heavy machinery manufacturing.

Growth in renewable energy installations.

Technological advancements in steel plate production.

How IMARC Pricing Database Can Help

The latest IMARC Group study,“ Steel Plate Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2025 Edition ,” presents a detailed analysis of Steel Plate price trend, offering key insights into global Steel Plate market dynamics. This report includes comprehensive price charts, which trace historical data and highlights major shifts in the market.

The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Steel Plate demand, illustrating how consumer behaviour and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the prices report uncovers critical factors influencing current and future prices.
About Us:
IMARC Group is a global management consulting firm that provides a comprehensive suite of services to support market entry and expansion efforts. The company offers detailed market assessments, feasibility studies, regulatory approvals and licensing support, and pricing analysis, including spot pricing and regional price trends. Its expertise spans demand-supply analysis alongside regional insights covering Asia-Pacific, Europe, North America, Latin America, and the Middle East and Africa. IMARC also specializes in competitive landscape evaluations, profiling key market players, and conducting research into market drivers, restraints, and opportunities. IMARC's data-driven approach helps businesses navigate complex markets with precision and confidence.
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