Mild Steel Plate Prices: Latest Price, News, Market Analysis, Historical & Forecast, Database, Chart
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 chart, 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.
Industrial Uses Impacting Mild Steel Plate Price Trend:
The price trend of mild steel plate is experiencing significant momentum due to its versatile properties, making it an ideal choice for various applications such as shaping and welding. Primarily utilized in the construction sector for its ease of manipulation through cutting, shaping, and drilling, mild steel plates are available in diverse shapes, sizes, and forms, facilitating bending and rolling processes.
Beyond construction, mild steel plates find utility in the fabrication of furniture, wire products, nails, structural steel, automobiles, decorations, and fencing. The extensive applications across industries like oil and gas processing, marine engineering, nuclear and thermal power plants, as well as chemical and petrochemical sectors, bolster the mild steel plate market. Moreover, its utilization in the food processing industry, seawater applications, power generation plants, shipbuilding, and the pulp and paper industry further solidifies its market presence.
The mild steel plate price index reflects this dynamic demand, with prices remaining robust across various sectors.
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.
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