Mild Steel Angle Price Trends and Forecast

Mild Steel Angle Regional Price Overview

Get the latest insights on price movement and trend analysis of Mild Steel Angle in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Mild Steel Angle Price Trend for the Q1 of 2024

Mild steel angle, also known as angle iron or steel angle bar, is a type of structural steel commonly used in construction and manufacturing applications. It is characterized by its L-shaped cross-section, with two legs of equal or unequal length that join at a right angle. They are often used to provide structural support, reinforcement, or framework in buildings, bridges, infrastructure projects, and machinery. Since these mild steel angles are made from steel, their price trends usually coincide with the steel prices. Such a resemblance was also observed during the said period of Q1’24.
 

Mild Steel Angle Price Chart

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During the first quarter of 2024, the Asian steel angle market experienced a period of relative stability, reflecting subdued economic conditions from the previous year. Demand from the manufacturing and construction sectors remained weak, influencing a downward trend in stainless steel prices.

In China, the real estate market, a significant consumer of stainless steel, remained quiet amid post-COVID economic recovery efforts. In India, domestic market stability was maintained due to continued public infrastructure development projects, counteracting the depreciation in international demand. Similarly, in Europe, purchasing power constraints from high inflation led to altered consumer behaviors. Consequently, mild steel angle prices depreciated in both European and American markets during the said period.

Analyst Insight

According to Procurement Resource, the current supply and demand dynamics suggest a supply domination in markets in the coming months. This will exert downward pressure on the price trajectory of Mild Steel Angles.

Procurement Resource provides latest prices of Mild Steel Angle. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.