Standard Plate Price Trend Analysis, Historical Chart and Forecast
The production of standard plates heavily relies on iron and steel, making its price trend closely linked to the market trends of these metals. In the first quarter of 2023, the iron and steel sectors remained stable, particularly in China, but lost momentum in the second quarter. Reduced imports and weakened domestic production rates resulted from declining demand, especially in construction and manufacturing. These setbacks were exacerbated by lingering COVID-related restrictions and extended New Year holidays. Consequently, the standard plate prices followed suit, experiencing a downturn due to the adverse effects of these factors on the iron and steel industry. Request for Real-Time Standard Plate Prices: https://www.procurementresource.com/resource-center/standard-plate-price-trends/pricerequest Definition A standard plate typically refers to a flat, rectangular piece of material with standardized dimensions and properties. These plates are often used as reference stan...