Steel Plate Price Trend and Forecast
                     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.
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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.
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-plate-1439
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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.
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Steel Plate Price Trend and 
Forecast
Demand of Steel Plate in North America Market
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Steel 
Plate 
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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 Towards the closure of Q4, the Steel Plate prices edged in the 
declining trend in the final quarter owing to the limited downward direction amidst a higher inventory level and stable 
downstream demand amidst higher inventory levels. Steel mills demand outlook. Steel plate prices remained low in October as a 
lowered their output in October, and steel transactions increased. result of strong demand and the availability of affordable slabs.
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