Chemical Price | Prices | Pricing | Monitoring | ChemAnalyst

For the Quarter Ending June 2023 North America The US spot market experienced a decline in the overall  price of steel plates  during the second quarter of June 2023. This was primarily attributed to the country's declining economic situation and a higher inventory level. In April, there was a glimmer of hope for the steel plate market as prices were high initially. However, production cuts were observed as the joint company of US Nucor and Japanese Yamato Kogyu – Nucor Yamato, shut down from April 9th to 16th. The Nucor mill increased the price of steel plates due to a decrease in lead time. However, in the latter half of the second quarter, prices went downward. The economic uncertainties caused by the debt crisis and the fall of major US banks created a pessimistic market sentiment. Consequently, the demand from the downstream automobile industry declined, leading to the shutdown of major automotive companies like Nissan, Kia, and Sedan in June. This reduction in consumptio...

For the Quarter Ending June 2023 North America: In the US spot market, the  price of Steel Plate  underwent a decline during the second quarter of June 2023, primarily attributed to the country's deteriorating economic landscape and heightened inventory levels. The early stages of the quarter held a glimmer of hope for the Steel Plate market, with prices exhibiting strength in April. However, production cuts were witnessed in April when the joint venture of US-based Nucor and Japanese Yamato Kogyu – Nucor Yamato was temporarily shut down from April 9th to 16th. The Nucor mill's operation curtailment had an impact on Steel Plate prices, with a slight increase attributed to the reduction in lead time from 8-10 hours to 8-9 hours. The latter half of the second quarter saw a decline in prices. Escalating economic uncertainties, stemming from the debt crisis precipitated by the downfall of major US banks, cast a pessimistic sentiment over the US market. Consequently, diminished dem...