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

Stainless Steel Plate is an adaptable type of steel that has various properties such as being corrosion, stain or rust-resistant, formability, and longevity. Still, it is not completely corrosion-proof and is greatly different from standard carbon steel due to the presence of chromium in it, which limits its surface corrosion.

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It also offers anti-oxidation and ductility, as well as is attractive and low maintenance.

Key Details About the Stainless 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 Stainless 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 Stainless Steel Plate Price chart, including India Stainless Steel Plate price, USA Stainless 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 Stainless Steel Plate Price Trend:

Price Trend

The most common uses of stainless steel include construction, walls, food service, chemical, transportation, textile, and marine, which drives its market growth. Furthermore, it is employed for a broad range of applications, such as facilitating the construction of modern architecture for fascia or cladding and in the food sanitation sector since it exhibits anti-bacterial properties. In addition, it finds use in the automobile sector, as it is used to make cars and vehicles owing to its properties like being work-hardening and high tensile strength. Also, the growing number of construction projects, and its use for welding to build shelf angles used in many buildings, etc., are all the various applications furthering the market sales.

Key Players:

  • Jindal Stainless Group
  • Sangavi Enterprise
  • Panchdeep Metal Corporation
  • Nandishwar Steel
  • AB Steel

News & Recent Development

  • 1 June 2023- The prices for stainless steel prices dropped in the beginning and then slightly rose in May. The price at month-start was at 14,257.14 RMB/ton and fell to 13,828.57 RMB/ton by month-end. This was a total drop of 3.01% and a year-on-year decline of 21.83%.

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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.

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