Get the latest insights on price movement and trend analysis of Mild Steel Plate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Why did the Steel Plate Price Change in July 2025? The Steel Plate Price Index in the USA increased by 3.2% quarter-over-quarter in Q2 2025. The rise was driven by supply tightening following reduced mill output and a modest recovery in end-user demand from construction and machinery segments.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Fabricated Steel Plate (WPU10760102) from Dec 2001 to Jul 2025 about fabrication, steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

Steel rose to 3,046 CNY/T on September 10, 2025, up 0.30% from the previous day. Over the past month, Steel's price has fallen 6.19%, but it is still 1.20% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Steel - values, historical data, forecasts and news - updated on September of 2025.

Get the latest insights on price movement and trend analysis of Stainless Steel Plate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Cold Rolled Steel Sheet and Strip (WPU101707) from Jun 1982 to Jul 2025 about steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

Get the latest insights on price movement and trend analysis of Steel Plate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

HRC Steel fell to 799 USD/T on September 9, 2025, down 1.11% from the previous day. Over the past month, HRC Steel's price has fallen 4.31%, but it is still 14.14% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for HRC Steel.

Get the latest insights on price movement and trend analysis of Cold Rolled Steel Sheet in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Why did the Steel Plate Price Change in May 2025? The Steel Plate Price Index in North American market inclined during Q1 2025, with prices settling at USD 1279/MT Ex Works Texas (USA) for 20 mm Steel Plate, reflecting an overall increase in comparison to Q4 2024.

The Heat-Treated Steel Plates Market Report Segments the Industry by Steel Type (Carbon Steel, Alloy Steel, and Stainless Steel), Heat Treatment Type (Annealing, Tempering, Normalizing, and More), End-Use Sector (Automotive and Heavy Machinery, Building and Construction, Shipbuilding and Off-Shore Structures, and More), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East and Africa).

MS Plate 10mm prices (FOB India) dropped year-over-year in late 2023, falling ~10-12% each month compared to 2022 prices.

Get the latest insights on price movement and trend analysis of Steel in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

View yearly updates and historical trends for US Producer Price Index: Metals and Metal Products: Fabricated Steel Plate. from United States. Source: Bure…

The global Steel Plate market stood at approximately 43 million tonnes in 2024 and is anticipated to grow at a CAGR of 3.32% during the forecast period until 2035.

Steel Plate Market Outlook

The global steel plate market size was valued at approximately USD 42.5 billion in 2023 and is projected to reach around USD 58.7 billion by 2032, growing at a compound annual growth rate (CAGR) of 3.6% during the forecast period. This growth is primarily driven by the increasing demand from key industries such as construction, automotive, shipbuilding, and oil & gas.

One of the primary growth factors for the steel plate market is the booming construction industry. Rapid urbanization and industrialization, especially in emerging economies, are leading to increased infrastructure development which, in turn, drives the demand for steel plates. Construction of skyscrapers, bridges, and commercial buildings utilizes a substantial amount of steel plates, given their strength, durability, and versatility. Furthermore, government initiatives to develop smart cities and upgrade existing infrastructure are also propelling the market forward.

Another significant growth driver is the expanding automotive industry. Steel plates are fundamental in manufacturing various automotive components due to their high strength-to-weight ratio and cost-effectiveness. As consumers demand more fuel-efficient and lightweight vehicles, manufacturers are increasingly relying on high-strength steel plates to meet these requirements. The automotive industry's shift towards electric vehicles also presents new opportunities for steel plate usage in battery housings and chassis components.

The oil & gas sector is also a major contributor to the growth of the steel plate market. Steel plates are extensively used in the construction of pipelines, storage tanks, and offshore platforms. The rising global energy demand and consequent exploration and production activities, especially in deep-water and ultra-deep-water regions, drive the demand for high-strength and corrosion-resistant steel plates. Additionally, advancements in drilling technologies and increased investment in oil & gas infrastructure further stimulate market growth.

Steel Wear Plates are an essential component in industries where machinery and equipment are subjected to high levels of abrasion and impact. These plates are specifically designed to withstand extreme wear and tear, making them ideal for use in mining, construction, and heavy machinery sectors. The demand for Steel Wear Plates is driven by the need for durable materials that can extend the lifespan of equipment and reduce maintenance costs. As industries continue to push the boundaries of efficiency and productivity, the role of Steel Wear Plates becomes increasingly critical in ensuring operational reliability and safety.

From a regional perspective, Asia Pacific holds a dominant position in the steel plate market. The region's growth is fueled by rapid industrialization, significant infrastructure development, and a robust automotive industry in countries like China, India, and Japan. North America and Europe also hold significant market shares, driven by the established construction and automotive sectors. Meanwhile, the Middle East & Africa are expected to witness substantial growth due to ongoing oil & gas exploration activities and infrastructure projects.

Product Type Analysis

The steel plate market is segmented by product type into carbon steel plates, stainless steel plates, alloy steel plates, tool steel plates, and others. Carbon steel plates occupy a significant share of the market due to their versatility, affordability, and wide range of applications. These plates are commonly used in construction, industrial machinery, and automotive sectors due to their excellent mechanical properties and ease of fabrication. The demand for carbon steel plates is expected to remain robust, driven by continuous infrastructure development and industrialization activities globally.

Stainless steel plates are known for their corrosion resistance, strength, and aesthetic appeal, making them highly suitable for applications in harsh environments. These plates are widely used in the shipbuilding, chemical, and food processing industries. As environmental regulations become stricter and the demand for sustainable materials rises, the utilization of stainless steel plates is expected to grow. Continuous innovations in alloy compositions to enhance the properties of stainless steel plates further contribute to their market growth.

Track mild steel price trends with monthly, quarterly, and yearly data for 2024–2025. Get accurate forecasts, regional price updates, and key market insights to stay ahead with Nexizo.

United States - Producer Price Index by Commodity: Metals and Metal Products: Cold Rolled Steel Sheet and Strip was 379.94500 Index Jun 1982=100 in July of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Cold Rolled Steel Sheet and Strip reached a record high of 711.61100 in November of 2021 and a record low of 99.40000 in January of 1983. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Metals and Metal Products: Cold Rolled Steel Sheet and Strip - last updated from the United States Federal Reserve on September of 2025.

Steel plate market size was significantly robust in 2021 and is expected to register rapid revenue CAGR over the forecast period. Steel plates are helpful for changing the physical and mechanical characteristics of steel since they vary the form.

In the second quarter of financial year 2025, the cost of a 16 mm steel bar in the Indian cities of Chennai and Hyderabad reached ** Indian rupees per kilogram. However, in Delhi, the steel was slightly more affordable. Compared to the previous year, there was a noticeable increase in steel prices across all cities. The significant uptick in the cost of steel in India towards the end of 2020, was believed to be a result of China’s increased demand for Indian iron ore. Crude steel India’s crude steel production has been growing steadily, with the basic oxygen furnace (BOF) being the preferred production method. While both private and public sector companies contribute to this production, the private sector, dominates the market. JSW Steel, in particular, has the highest production capacity in India, contributing significantly to the country’s position as the world’s second-largest producer of steel. Steel consumption in India Steel consumption in India has been on a steady rise, with the country’s rapid industrialization and development in sectors such as construction, automobile, and infrastructure. This upward trend in steel consumption is estimated to persist, with an annual growth rate of **** percent in fiscal year 2024.