Chequered Plate Price in USA
- United States: 10655 USD/MT (6mm)
In December of Q4 2023, the price of chequered plates in the United States stood at 10655 USD/MT (6mm). The market experienced a slight downturn, attributed initially to increased demand from the chemical and automotive sectors, coupled with constraints in upstream material supply.
The latest report by IMARC Group, titled "Chequered Plate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data" delivers a comprehensive analysis of chequered plate 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.
Chequered Plate Prices December 2023:
- United States: 10655 USD/MT (6mm)
- China: 2313 USD/MT (SS 304-6mm)
- Germany: 3264 USD/MT (SS 304-5mm)
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The study delves into the factors affecting chequered plate 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.
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Chequered Plate Price Trend- Q4 2023
The chequered plate market is influenced by various factors that drive demand and market dynamics. One significant factor is the construction industry, where chequered plates find extensive applications due to their durability, anti-slip properties, and ability to withstand heavy loads. As construction activities rise globally, particularly in developing economies, the demand for chequered plates for flooring, stair treads, and structural applications is expected to rise. Moreover, the automotive sector plays a crucial role in driving the chequered plate market. Chequered plates are utilized in vehicle flooring, truck beds, and trailer floors due to their strength and skid-resistant nature. With the automotive industry witnessing growth, especially in emerging markets, the demand for chequered plates is projected to increase.
Chequered Plate Market Analysis
The global chequered plate market size reached US$ 4.9 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 7.5 Billion, at a projected CAGR of 4.80% during 2023-2032. During the last quarter of 2023, the North American market for chequered plates witnessed a minor decline, influenced by various significant factors affecting pricing. Initially, prices of chequered plates in the US escalated due to increased demand from the chemical and automotive sectors, compounded by restricted upstream material availability. Despite strong economic signals, the EU and the US encountered challenges in resolving a steel dispute. Furthermore, there was a global rise in prices of metallurgical coke and non-coking coal.
The chequered plate market faced difficulties in the APAC region during the fourth quarter of 2023. In October, prices of chequered plates in the Chinese spot market experienced a decline due to a shift in demand toward the southern direction. This shift was primarily influenced by Anti-dumping and Countervailing duties imposed in the US and European markets. Additionally, uncertainties arose regarding the availability of upstream Steel scrap and Nickel in Chinese warehouses. Chinese steelmakers actively sought iron ore, resulting in the lowest Chinese iron ore stocks seen in 7 years. World Steel's prediction of a 7.7% growth in steel demand further contributed to the depletion of iron ore inventories, reaching a 7-year low. Moreover, in the the fourth quarter of 2023, the European chequered plate market encountered several influences affecting pricing. In October 2023, the German spot market observed a rise in chequered plate prices, propelled by heightened demand from the automotive and chemical sectors, coupled with a decline in upstream material availability. Reduced production rates led to decreases in global steel scrap and Nickel pig iron inventory levels. Initial hurdles were encountered by the EU Carbon Border Tax, prompting EU steelmakers to strengthen the export ban on EU ferrous scrap.
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Key Points Covered in the Chequered Plate Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Chequered Plate Prices
- Chequered Plate Demand
- Chequered Plate Demand & Supply
- Chequered Plate Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Chequered Plate Price Analysis
- Chequered Plate Industry Drivers, Restraints, and Opportunities
- Chequered Plate 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
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Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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