U.S. Chequered Plate Prices 2025, Trend, Graph, Chart and Forecast



In North America, chequered plate prices experienced a 2.2% quarter-on-quarter decline in the fourth quarter of 2024, indicating a softening market. Supply remained stable across the region, supported by steady production levels. However, elevated raw material costs, including pig iron and scrap metal, coupled with weak demand from key sectors, contributed to the downward price trend. By the end of the quarter, the price of SS Chequered Plate (6 mm) FOB Texas (USA) stood at USD 4,525/MT.

In the United States, the market faced mixed dynamics. Early in the quarter, steel production disruptions and logistical challenges, including hurricanes, impacted supply chains. Despite these pressures, local manufacturers maintained stable output, aided by anti-dumping duties on low-cost imports. The automotive sector showed strong demand, with vehicle sales rising significantly on both a monthly and yearly basis, driving the use of chequered plates in applications such as vehicle flooring and loading ramps. However, the construction sector encountered seasonal slowdowns, as elevated mortgage rates curbed residential activity and weakened buyer interest. Non-residential construction spending remained stable, offering some support to demand.

Get Real time Prices for Chequered Plate: https://www.chemanalyst.com/Pricing-data/chequered-plate-1490

Overall, the U.S. chequered plate market navigated supply and demand challenges while benefiting from robust automotive applications, maintaining relative stability amid broader economic uncertainties and a weaker construction sector.

In Europe, chequered plate prices fell by 3% quarter-on-quarter in the fourth quarter of 2024, reflecting subdued market conditions. Despite steady raw material availability, weak demand across key sectors weighed heavily on pricing. Persistent oversupply and volatile nickel markets further strained the region’s steel industry, limiting pricing power for suppliers. By the end of the quarter, the price of SS Chequered Plate (304-5mm) FOB Hamburg stood at USD 3,748/MT.

Germany faced a particularly challenging market environment, with significant difficulties in the construction and automotive industries driving the downturn. The construction sector saw sharp contractions, as housing approvals declined and incoming orders decreased. Although procurement and subcontracting costs eased, overall sentiment in the sector remained negative. The automotive industry, despite an initial increase in new car registrations early in the quarter, witnessed a sharp decline in production and registrations toward the end of the year. Lower alloy surcharges and heightened competition intensified pricing challenges for suppliers, while rising production levels failed to address the persistent oversupply issue. Seasonal slowdowns and subdued downstream demand added further pressure, collectively contributing to the decline in chequered plate prices and reflecting broader economic and industrial struggles in Germany.

In the APAC region, chequered plate prices fell by 5% quarter-on-quarter in the fourth quarter of 2024, as subdued demand and fluctuating supply conditions exerted downward pressure on the market. Stainless steel production in the region saw moderate growth, supported by consistent raw material availability, yet weaker purchasing activity across key sectors continued to impact pricing.

In China, the market faced significant challenges throughout the quarter. Despite a steady increase in manufacturing activity, as reflected in the NBS Manufacturing PMI, demand for chequered plates remained muted. Downstream industries restricted purchases to essential needs, as surplus inventory and seasonal construction slowdowns weakened overall demand. Cooler temperatures further hindered construction activity in northern regions, while the ongoing downturn in real estate investment and sales exacerbated market pressures.

The automotive sector provided some support, with passenger car sales increasing by 12% year-on-year. However, this growth did not translate into a corresponding rise in demand for chequered plates due to misalignment between production trends and material requirements. Declining raw material costs, including Nickel Pig Iron and ferrochrome, further contributed to pricing pressures. By the end of the quarter, the price of SS Chequered Plate (304-6 mm) FOB Tianjin stood at USD 1,879/MT, underscoring the cautious market sentiment and subdued conditions in China’s chequered plate industry.

Get Real time Prices for Chequered Plate: https://www.chemanalyst.com/Pricing-data/chequered-plate-1490

Our Blog: 

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Paper Bleaching Chemicals Prices: https://www.chemanalyst.com/Industry-data/paper-bleaching-chemicals-5

 

 
 
 
 

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