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Mild Steel Plate Prices, Trends & Forecasts | Provided by Procurement Resource

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Mild steel plate is a type of carbon steel which has small quantities of carbon, typically around 0.05% to 0.25% (on the basis of weight). It primarily constitutes iron and carbon, and the higher the content of carbon, the harder and stronger it becomes.

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In case of additional carbon is included in the product, the steel forms cast iron. The steel plate has various properties like being lightweight, malleable, ductile (ductility without breakage or damage), weldable, and machinable in comparison to other carbon and steel, resistant to abrasion, fine surface finish and high level of hardness and energy.

Key Details About the Mild Steel Plate Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the mild steel plate price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.

The Mild Steel Plate Price Trend, including India mild steel plate price, USA mild steel plate price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

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Industrial Uses Impacting Mild Steel Plate Price Trend:

Price-Trend

The market for mild steel plate is propelling forward owing to a plethora of properties of the commodity, which makes it a great choice for applications like shaping and welding. Furthermore, the commodity’s main application is in the construction industry, as it is easy to cut, shape, and drill as needed. In addition, they are available in many shapes, sizes, and forms and are employed for bending and rolling.

Other applications of the commodity include its use in making products such as furniture, wire, nails, structural steel, automobiles, decorations, and fencing. Moreover, the broad applications of the product across a wide range of industries, including the oil and gas process, marine industry, nuclear and thermal plant strengthen the mild steel plate market. Further, the chemical and petrochemical industry, food process, seawater application, power generation plant, shipbuilding, pulp, and paper industry adds to the strong hold of the mild steel plate market.

Key Players:

  • POSCO
  • Hico Multifin Products Private Limited
  • Gravita India Ltd
  • Canada Metal North America Ltd
  • Jamestown North America
  • Boliden Group

News & Recent Development

  • 26 May 2023- Prices of domestic steel prices were under pressure at the beginning of FY24 as demand from China dropped.

About Us:

Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.

To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.

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