MS (Mild Steel) Plate Price Trend and Forecast: Top 10 Leading Trading Countries and Regions - Latest Edition [2026]

The Expert Market Research pricing report on MS Plate provides insights into the top 10 leading trading countries and regions.

Mild steel (MS) Plate prices have observed variations throughout 2024. Multinational trade frameworks, international economic policies, and cross-border supply have contributed to these changes. The global Mild Steel (MS) plate market in 2025 is experiencing a complex landscape influenced by various economic and geopolitical factors. Different price changes were observed in major markets – North America, Asia-Pacific, and Europe, which highlighted industrial transition and growth patterns while reflecting on the international market landscape.

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Dynamic pricing trends were observed in MS plate pricing in 2024. Several factors, such as a shift in trends across regions, reduced steel consumption and operational hurdles in steel manufacturing as well as demand for mild steel, played a role in these trends. In Asia Pacific, price drops in MS plates were observed in key regions such as China and India during the last quarter of 2024 owing to stagnating demand and macroeconomic shifts.

MS Plates Price Forecast

MS Plates showed different patterns in pricing across regions in 2024. In the Asia Pacific, China reached its peak price in early 2024, followed by a price decline in the third quarter with a slight price increase observed in December 2024. In India, prices remained stable in early 2024, including the price surge in February. However, prices dropped in India by the end of the year due to economic imbalances. Price decline was also observed in the USA at the end of the year. Prices fluctuated in Europe as well, as a sharp rise in prices was observed in late 2024 after a period that saw price decreases in Europe, highlighting inconsistency in the global competitive landscape.

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Looking ahead, a recovery in MS Plate prices is expected in 2025. In the USA, a push in demand for steel and a change in interest rates might affect MS Plate prices. While stability of prices is expected in 2025 in the latter half, it will be followed by short-term fluctuations in prices in early 2025. Economic policies and trade regulations would impact the price movements of MS Plates.

Global Trade and Supply Chain Implications

Mild Steel (MS) Plate prices are largely influenced by shifts in the global economic landscape and evolving trade compliance standards. Changes in foreign trade policies, such as import-export tariffs, trade agreements, and export duties, play a crucial role in determining the international flow of steel and its raw materials. These policies impact the availability and cost of feedstock materials like iron ore and scrap metal, which in turn influence the global pricing trends for MS Plates. Geopolitical tensions and currency fluctuations further add to the volatility in the steel market, making prices sensitive to changes in international regulations and fiscal decisions.

In 2024, specific regional developments contributed significantly to price movements. Europe and Australia witnessed a notable decline in MS Plate prices, primarily due to the influx of competitively priced imports from low-cost manufacturing regions. Meanwhile, China’s aggressive push to increase steel exports put pressure on prices globally, especially in the USA, which depends heavily on Chinese steel imports for infrastructure and manufacturing. This surge in Chinese exports disrupted trade networks and led to inconsistent demand patterns in the US market, highlighting how interconnected global steel trade has become and how supply gluts in one region can ripple across others.

Feedstock Analysis

In 2024, the price of iron ore, which is an essential raw material in MS plate manufacturing, was subject to changes due to a shift in consumption patterns. Coking coal prices across different regions also saw a surge in prices with factors such as inventory shortfalls, world trade guidelines and geopolitical turbulences contributing to the surge. This price hike in key feedstock materials such as iron ore and coking coal led to higher production costs for MS plate manufacturing, thus directly impacting MS plate prices and demand, leading to price volatility in the MS Pipe market.

Demand and Supply Outlook for MS Plates

In 2025, mild market price shifts are expected in MS Plate pricing. Focusing on rapid urbanisation and infrastructure development would aid in the growth of end-use industries such as construction and engineering. The strong demand forecast for MS plates is expected to be driven by a growing emphasis on manufacturing and the projected expansion of the steel market in 2025, particularly in regions such as India. A focus on domestic manufacturing after the 2025 elections in the USA might also lead to price fluctuation in that region. However, export policies of primary steel producing countries such as China, tariffs imposed by governments, changes in the price of raw materials and global fiscal and monetary policies might hinder stable price movements of MS plate. Econometric market analysis also suggests that continued volatility in upstream raw materials and policy variables will remain key influencers of MS plate pricing through 2025.

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Historical Price Data and Analysis:

• In-depth review of prices (including feedstock) over the past 5 years.
• Visualisations and trend analysis to identify historical patterns and seasonality.

Supply and Demand Analysis:

• Detailed industry analysis of current supply and demand trends, along with projections for how these dynamics are expected to evolve during the forecast period.
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• Evaluation of economic indicators such as GDP growth, inflation rates, and PMI.
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• Forecasted price trend analysis for MS plate for the next 2 years using statistical modelling and fundamental & technical price analysis.
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