Electrical Steel Price in USA
- United States: 5711 USD/MT (M15-C5) Coil
In Q4 2023, the US electrical steel market experienced notable price fluctuations due to plant closures and shifts in supply and demand equilibrium. The period concluded with M15-C5 coil priced at $5711 per metric ton.
The latest report by IMARC Group, titled "Electrical Steel Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data" delivers a comprehensive analysis of electrical steel prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Electrical Steel Prices December 2023:
- United States: 5711 USD/MT (M15-C5) Coil
- Germany: 2180 USD/MT (50 WW-800) Coil
Report Offering:
- Monthly Updates: Annual Subscription
- Quarterly Updates: Annual Subscription
- Biannually Updates: Annual Subscription
The study delves into the factors affecting electrical steel price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/electrical-steel-pricing-report/requestsample
Electrical Steel Price Trend- Q4 2023
In the final quarter of 2023, the Electrical Steel market observed a resilient growth trajectory, particularly in North America, propelled by several pivotal factors. The market’s robustness is primarily attributed to a stable supply-demand equilibrium, facilitated by the absence of plant shutdowns across major regions, including North America, APAC (Asia-Pacific), and Europe. The United States, emerging as a significant market influencer, witnessed notable price fluctuations, reflecting the market's sensitivity to a range of economic and industrial factors. The price dynamics of Electrical Steel, especially M15-C5 Coil, underline a remarkable 11% year-on-year increase, showcasing the market's capacity for resilient growth amidst fluctuating conditions. A 7.2% price increase from the previous quarter further represents the market's adaptability to changing scenarios, driven by intricate factors such as supply chain dynamics, regulatory policies, and raw material cost variations.
Electrical Steel Market Analysis
The global electrical steel market size reached US$ 39.9 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 64.5 Billion, at a projected CAGR of 5.30% during 2023-2032. The December 2023 landscape for Electrical Steel prices was intricately shaped by a combination of supply chain dynamics, regulatory changes, and raw material cost variations. In North America, despite the absence of plant shutdowns ensuring a continuous supply, the market witnessed significant price adjustments, reflecting the complex interplay between supply-demand balances and external economic influences. The variability in prices, including a 3% disparity within the quarter itself, points to the nuanced factors at play, including shifts in demand, the impact of international trade policies, and the evolving landscape of the energy sector, particularly the increasing demand for energy-efficient solutions.
In the APAC region, the market dynamics were equally complex, shaped by similar factors of supply chain dynamics and raw material costs, alongside specific regional influences such as regulatory shifts and strategic market adjustments. Japan's role as a key player in the APAC market brought distinctive pricing adjustments, reflecting the country's significant impact on regional market trends. The absence of plant shutdowns across the region played a crucial role in maintaining supply consistency, contributing to the market's overall stability and growth. The European market, meanwhile, witnessed a unique set of challenges and opportunities, with Germany at the forefront of substantial price fluctuations. The 6% decrease in Electrical Steel (50 WW 800) Coil prices over the last year in Europe, contrasted with North America's growth, represents the diverse factors influencing regional markets. These include economic policies, environmental regulations, and the push toward renewable energy sources, which significantly affect raw material costs and production efficiencies.
Browse Full Report: https://www.imarcgroup.com/electrical-steel-pricing-report
Key Points Covered in the Electrical Steel Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Electrical Steel Prices
- Price of Electrical Steel
- Electrical Steel Demand & Supply
- Electrical Steel Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Electrical Steel Price Analysis
- Electrical Steel Industry Drivers, Restraints, and Opportunities
- Electrical Steel News and Recent developments
- Global Event Analysis
- List of Key Players
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Browse More Pricing Reports By IMARC Group:
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
About Us:
IMARC is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: [email protected]
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
Comments