Stainless Steel Plate Price Trend

Stainless Steel Plate Price Trend, Index and Forecast

Track the latest insights on stainless steel plate price trend and forecast with detailed analysis of regional fluctuations and market dynamics across North America, Latin America, Central Europe, Western Europe, Eastern Europe, Middle East, North Africa, West Africa, Central and Southern Africa, Central Asia, Southeast Asia, South Asia, East Asia, and Oceania.

Stainless Steel Plate Prices Outlook Q2 2025

• USA: US$ 3347/MT
• China: US$ 1554/MT
• Germany: US$ 3158/MT
• Japan: US$ 3948/MT
• India: US$ 3400/MT

Stainless Steel Plate Price Chart

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During the second quarter of 2025, the stainless steel plate prices in the USA reached 3347 USD/MT in June. As per the stainless steel plate price chart, prices were heavily influenced by the sudden increase in import tariffs and the reaction from the country’s main domestic producer. The doubling of tariffs disrupted purchasing behavior and pushed importers into damage control mode. Many buyers had not anticipated the change, and with no grace period, some were forced to renegotiate contracts mid-transit.

During the second quarter of 2025, the stainless steel plate prices in China reached 1554 USD/MT in June. Prices in China remained under pressure due to a flood of exports driven by persistent domestic oversupply. Chinese mills kept production levels high across various metals, including stainless steel, even though local demand had not picked up meaningfully. This mismatch between supply and demand pushed producers to redirect volumes abroad. The pricing weakness also filtered into raw material negotiations.

During the second quarter of 2025, stainless steel plate prices in Germany reached 3158 USD/MT in June. Demand from German key sectors such as automotive, machinery, engineering and infrastructure stayed firm, supporting some price resilience. But broader weakness in European manufacturing and a dip in construction output held back stronger increases. Besides, rising energy and raw materials costs, oversupply amplified by cheap imported steel, regulatory burdens, and persistent trade uncertainty across the EU also influenced pricing trends.  

During the second quarter of 2025, the stainless steel plate prices in Japan reached 3948 USD/MT in June. Prices were shaped by a combination of domestic and international forces. Manufacturers faced sustained pressure from the cost of key feedstocks, especially nickel and chromium, which stayed elevated and shaped upstream production economics. Trade tensions and shifting regulations from key partners affected demand patterns. When imports remained lower‑priced and local order flows stayed sluggish, producers struggled to pass cost increases along the supply chain.

During the second quarter of 2025, the stainless steel plate prices in India reached 3400 USD/MT in June. Costs for nickel, chromium and molybdenum rose on global markets, squeezing domestic producers who relied heavily on imported alloy inputs. Supply chain shifts and freight rate increases compounded the higher raw‑material burden. Moreover, the government moved to shield domestic mills. A temporary import duty was proposed on select steel products, and a new procurement policy encouraged use of locally made steel in government tenders. Those steps shifted the trading landscape and supported the modest recovery in domestic plate pricing.

Stainless Steel Plate Prices Outlook Q4 2024

• USA: US$ 3785/MT
• China: US$ 1573/MT
• Germany: US$ 3547/MT

During the last quarter of 2024, the stainless steel plate prices in the USA reached 3785 USD/MT in December. As per the stainless steel plate price chart, the availability of nickel and chromium determined market trends, and changes in feedstock costs affected the pricing. Dynamics were also influenced by domestic production levels and international trade regulations. Although steady supply circumstances occasionally helped keep costs under control, mill output changes and industrial demand occasionally caused instability.

During the last quarter of 2024, the stainless steel plate prices in China reached 1573 USD/MT in December. Price fluctuations in China's stainless steel plate market were mostly caused by changes in the cost of raw materials and modifications to steel mill operations. Price increases were sometimes caused by supply limits as mills adjusted their output in response to feedstock availability. The steady supply of nickel provided some respite, however the mood of the market as a whole remained erratic.

During the last quarter of 2024, the stainless steel plate prices in Germany reached 3547 USD/MT in December. Germany's stainless steel plate prices, which were impacted by changes in raw materials and industrial activity, were indicative of the difficulties facing the European market as a whole. Overall pricing patterns were determined by shifts in the availability of nickel and chromium, while pressure was elevated by rising energy costs and supply network limitations. Production levels at steel mills were important, and changes in output had an impact on supply dynamics.

Stainless Steel Plate Prices Outlook Q4 2023

• USA: US$ 3483/MT
• China: US$ 1856/MT
• Germany: US$ 3128/MT

The price of stainless steel plate in USA reached 3483 USD/MT during December 2023. Whereas, in the Chinese market the stainless steel plate price reached 1856 USD/MT in the fourth quarter in 2023. However, the price in Germany reached 3128 USD/MT in December 2023.

Regional Coverage

The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the stainless steel plate prices.

Global Stainless Steel Plate Price Trend

The report offers a holistic view of the global stainless steel plate pricing trends in the form of stainless steel plate price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of stainless steel plate, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed stainless steel plate demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Stainless Steel Plate Price Trend

Q2 2025:

Ongoing trade disputes alongside persistent geopolitical instability, created a climate of unpredictability. The back-and-forth nature of international negotiations, where tentative agreements were frequently undone within days, unsettled both suppliers and buyers. This eroded confidence in long-term purchasing decisions, leading to shorter-term contracts and increased spot buying, which added volatility to prices. With Germany failing to recover its industrial momentum, demand for stainless steel plates remained subdued. This translated into downward pressure on prices as mills and distributors faced oversupply relative to tepid demand.

Q4 2024:

The market saw pricing instability in the European stainless steel plate market, mostly as a result of supply chain issues and shifting feedstock prices. Changes in the supply of nickel and chromium directly affected the cost of making steel. Supply consistency was further impacted by changing trade regulations and geopolitical uncertainties, which left the market susceptible to price rises. European steel mills controlled the output levels according to the cost of raw materials, which resulted in sporadic variations in supply.

Q4 2023:

Europe's stainless steel plate pricing trends are deeply affected by its stringent environmental regulations and the push towards sustainable and recycled materials. The automotive and aerospace industries in Europe, which demand high-quality specialty metals, further complicate the pricing landscape. Energy costs and the availability of renewable energy sources also significantly influence stainless steel plate production costs. Additionally, the region's dependency on stainless steel plate imports, coupled with fluctuating currency values, adds another layer of complexity to understanding price trends in this market.

Detailed price information for stainless steel plate can also be provided for an extensive list of European countries.

North America Stainless Steel Plate Price Trend

Q2 2025:

As per the stainless steel plate price index, the unexpected hike in US import tariffs disrupted market assumptions overnight. Buyers who committed to contracts based on older tariff rates suddenly faced unworkable costs. Some were forced to renegotiate incoming shipments mid-transit. The lack of any exemption or appeal process compounded the chaos. Besides, the tariff shock had ripple effects beyond procurement. Despite expectations that tighter import volumes would benefit local mills, domestic bookings remained weak. Inventory levels were healthy, and lead times short, so buyers opted to wait. They had enough stock on hand and little urgency to commit under uncertain price direction.

Q4 2024:

Stainless steel plate prices in North America exhibited fluctuations, shaped by raw material costs and production levels at steel mills. Nickel and chromium price shifts, influenced by supply constraints and global demand, played a crucial role in pricing trends. While stable raw material supply led to some relief, disruptions in global nickel production kept cost pressures high. Additionally, output adjustments at domestic steel mills contributed to occasional supply shortages, impacting availability and pricing.

Q4 2023:

In North America, stainless steel plate prices are closely tied to technological advancements in extraction and processing techniques, which aim to reduce costs and enhance efficiency. The region's emphasis on defense and technology sectors, which require precise and high-grade metals, drives demand variability. Furthermore, trade policies, particularly those involving major trade partners like Canada and Mexico, heavily influence stainless steel plate supply chains and pricing structures. The shift towards green energy and electric vehicles in North America also affects demand patterns for metals.

Specific stainless steel plate historical data within the United States and Canada can also be provided.

Middle East and Africa Stainless Steel Plate Price Trend

Q2 2025:

The report explores the stainless steel plate trends and stainless steel plate price chart in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

Q4 2023:

The stainless steel plate pricing trends in the Middle East and Africa are increasingly impacted by infrastructural developments and investments in the construction and transportation sectors. The region’s political climate and its effect on operational stability and security are also crucial in determining price trends. Additionally, the Middle East's strategic initiatives to diversify away from oil dependency and invest in mining and metal production capabilities are reshaping its market dynamics. In Africa, the availability of resources combined with foreign investment in mining projects heavily influences local and global stainless steel plate supply and prices.

Region-wise data and information on specific countries within these regions can also be provided.

Asia Pacific Stainless Steel Plate Price Trend

Q2 2025:

Stainless steel plate prices in the Asia Pacific region were influenced by the continued surge of Chinese steel exports. With domestic demand in China still sluggish, mills maintained high output and targeted foreign markets to offload excess inventory. The influx of low-cost steel, including stainless products, added downward pressure on regional prices. Buyers across Southeast Asia, South Korea, and India faced increased competition from Chinese-origin material. Local producers, unable to match the aggressive pricing, were forced to offer discounts or risk losing market share. The result was a more price-sensitive environment where negotiations centered on origin and delivery terms rather than quality or value-added services. Importers in Asia Pacific accelerated bookings from Chinese suppliers, anticipating further price softening.

Q4 2024:

Prices for stainless steel plates in the Asia-Pacific region showed a range of patterns, influenced by changes in the price of nickel and chromium. Pricing throughout the area was impacted by supply chain bottlenecks, especially in significant nickel-producing countries like Indonesia. Even though consistent steel mill output helped allay supply-side worries, sporadic interruptions led to imbalances that affected availability. Pricing dynamics were further impacted by export limits and trade rules, as the market adjusted to changes in global demand. All of these elements combined to create an unstable stainless steel plate price environment in the area.

Q4 2023:

In the Asia Pacific region, stainless steel plate pricing dynamics are significantly influenced by robust industrial growth and expanding manufacturing sectors, particularly in China and India. The region's high demand for metals is driven by its active construction industry and increasing investments in infrastructure projects. However, supply disruptions due to geopolitical tensions and regulatory changes in mining practices also play a critical role in shaping price fluctuations. Additionally, trade policies and import-export tariffs continue to impact the cost structures and availability of stainless steel plate, making the Asia Pacific market a complex environment for price trend analysis.

This stainless steel plate price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Stainless Steel Plate Price Trend

Q4 2023:

Latin America's stainless steel plate market is predominantly influenced by its rich natural reserves, particularly in countries like Chile and Brazil. However, political instability and inconsistent regulatory frameworks can lead to significant volatility in stainless steel plate prices. Infrastructure challenges and logistical inefficiencies often impact the supply chain, affecting the region's ability to meet international demand consistently. Moreover, the stainless steel plate price index, economic fluctuations, and currency devaluation are critical factors that need to be considered when analyzing stainless steel plate pricing trends in this region.

This comprehensive review can be extended to include specific countries within Latin America.

Stainless Steel Plate Price Trend, Market Analysis, and News

IMARC's latest publication, “Stainless Steel Plate Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” presents a detailed examination of the stainless steel plate market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of stainless steel plate at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents detailed stainless steel plate prices trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting stainless 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.

Stainless Steel Plate Industry Analysis

The global stainless steel plate industry size reached USD 78.30 Billion in 2024. By 2033, IMARC Group expects the market to reach USD 133.42 Billion, at a projected CAGR of 5.80% during 2025-2033.

• The construction and infrastructure industries are major drivers of the stainless steel plate market. Stainless steel plates are highly adopted for their durability, corrosion resistance, and aesthetic appeal, making them appropriate for architectural applications. The rapid urbanization globally and the rising demand for modern infrastructure have increased the utilization of stainless steel in building skyscrapers, bridges, airports, and other important structures. Stainless steel is widely used in cladding, roofing, and structural components, guaranteeing longevity and minimal maintenance. As per the WORLD HEALTH ORGANIZATION (WHO), the global urban population is expected to reach 68% by 2050, thereby driving the need for robust and sustainable construction materials like stainless steel. Moreover, government initiatives focusing on sustainable development and green buildings are also creating a positive market outlook for stainless steel plates, which are recyclable and environmentally friendly.
• The automotive industry significantly employs stainless steel plates, on account of their high strength, resistance to corrosion, and ability to withstand extreme temperatures. They are widely used in exhaust systems, fuel tanks, and structural parts, improving the durability and performance of the vehicle. The rise in electric vehicle (EV) production further propels this demand, as stainless steel is vital for battery casings and other components. According to a report published by the ECONOMIC TIMES, India automotive market is projected to reach USD 300 Billion by 2026. The rising emphasis on vehicle safety and emission control regulations also drives the usage of stainless steel plates, thus positively influencing the market growth.
• Technological advancements in manufacturing processes are significantly driving the stainless steel plate market. Innovations such as advanced rolling techniques, precision cutting, and automation have improved the production efficiency and quality of stainless steel plates. These advancements allow key players to manufacture plates with accurate dimensions and above average surface finishes, meeting the stringent requirements of numerous end-use industries. Additionally, the introduction of new stainless steel grades with improved qualities such as higher corrosion resistance and strength has expanded the applications of stainless steel plates. The implementation of Industry 4.0 technologies, including artificial intelligence and the Internet of Things (IoT), in manufacturing processes is expected to further maximize production and reduce costs.

Stainless Steel Plate News

The report covers the latest developments, updates, and trends impacting the global stainless steel plate industry, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in stainless steel plate production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the stainless steel plate price trend.

Latest developments in the stainless steel plate industry:

• In June 2023, OUTOKUMPU entered into a partnership with NORDIC STEEL to launch sustainable stainless steel in Norway. CIRCLE GREEN, the stainless steel produced by OUTOKUMPU is the most sustainable stainless steel globally, with almost 92% lesser carbon footprint than the industry average.

Product Description

Stainless steel plate is a flat, rectangular sheet of stainless steel, typically thicker than stainless steel sheets, used in various industrial and commercial applications. It is known for its excellent corrosion resistance, high strength, and aesthetic appeal. The material is composed of iron, chromium (at least 10.5%), and other elements such as nickel, molybdenum, and carbon, which enhance its properties. The chromium content forms a passive layer of chromium oxide on the surface, preventing rust and corrosion.

The manufacturing process of stainless steel plates involves several stages. Initially, raw materials like iron ore, chromium, and nickel are melted together in an electric arc furnace. Once melted, the mixture is cast into slabs, which are then subjected to a series of hot rolling processes to achieve the desired thickness. After rolling, the plates undergo annealing, a heat treatment process that improves their ductility and reduces internal stresses. This is followed by pickling, where the plates are treated with acid solutions to remove surface impurities and oxide scales. Finally, the plates are polished to enhance their surface finish.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of stainless steel plate pricing, covering global and regional trends, spot prices at key ports, and a breakdown of ex-works, FOB, and CIF prices.
• The study examines factors affecting stainless steel plate price trend, including 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 stainless steel plate price charts ensure our clients remain at the forefront of the industry.