The Global Steel Plate Market Size was worth around USD 44.03 Billion in 2024 and is predicted to grow to around USD 63.6 Billion by 2035 with a compound annual growth rate (CAGR) of 3.4% from 2025 to 2035. The demand for steel plates is stimulated by growing demand from construction, shipbuilding, automobile, and heavy machinery sectors. Expansion of infrastructure, urban development, and rising investments in renewable energy projects further support demand. Advances in technology in the steel manufacturing process also improve quality, driving greater use and market growth.