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.
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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 standards in various industries for calibration, testing, and quality control purposes. Standard plates come in different materials such as metal, plastic, or glass, each with specific properties tailored to their intended applications. They may have precise dimensions, surface finishes, or optical properties, depending on the industry’s requirements. These plates serve as benchmarks for accuracy and consistency in measurements and are essential tools in scientific, engineering, and manufacturing processes.
Key Details About the Standard 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 Standard Plate 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 Standard Plate Price trend, including India Standard Plate price, USA Standard 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 the Standard Plate Price Trend:
Standard plates, typically composed of materials like metal or glass, serve diverse and critical roles across industries. They are fundamental in manufacturing and quality control, enabling precise measurements with tools like calipers and micrometers. In materials science and engineering, standard plates act as reference materials for testing properties such as hardness and tensile strength. In metrology, they establish standardized measurements, upholding precision in scientific research, engineering, and manufacturing. Additionally, standard plates are essential for calibrating optical instruments, electronics testing equipment, and spectrometers, ensuring accurate measurements in optics, electronics, and spectroscopy. Their versatility extends to analytical chemistry, environmental monitoring, medical diagnostics, and more, making them indispensable tools for maintaining consistency, precision, and quality in various industrial and scientific applications.
Key Players:
- Posco
- LISCO
- Acerinox
- Tisco
- Baosteel
- AK Steel
- Jindal
- Yusco
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