Chequered Plate Price Trend

Chequered Plate Prices December 2023

The price of chequered plates in the United States for Q4 2023 amounted to 10655 USD/MT (6mm) in December. The market witnessed a slight decline, initially because of the growing demand from the chemical and automotive industries as well as the limited upstream material supply.

The price trend for chequered plates in China stood at 2313 USD/MT (SS 304-6mm) in Q4 of 2023. China experienced a decline due to a shift in demand towards the southern direction, driven by anti-dumping and countervailing duties in the U.S. and European markets. Nearing December, chequered plate prices in the Chinese spot market remained steady despite decreased demand globally.

In Germany, chequered plate prices are reaching 3264 USD/MT (SS 304-5mm) due to heightened demand from the automotive and chemical sectors and a fall in upstream material supply. Alongside, the global steel scrap and Nickel pig iron inventory levels dropped due to diminished production rates.

Chequered Plate Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Chequered Plate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of chequered plate pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of chequered plate at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of chequered plate price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing chequered plate price fluctuations, such as supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

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.

• The widespread use of chequered plates in automotive manufacturing for floor mats, toolboxes, and vehicle steps is strengthening the market growth. Their anti-skid properties enhance safety and functionality in vehicles by preventing slips and falls, especially in wet or oily conditions, contributing to overall vehicle safety.
• Besides this, the rise in demand from units such as food processing facilities, where hygiene and cleanliness are essential is creating a positive outlook for market expansion. Stainless steel chequered plates are typically preferred in these applications as they are corrosion-resistant and don't react with chemicals. Concurrently, the smooth finishing and pattern of chequered plates enable easy cleaning, thereby guaranteeing compliance with sanitation regulations and minimizing the risk of contamination in sensitive environments.
• Chequered plates serve decorative purposes in architecture and interior design, offering aesthetic appeal with their unique patterns. They add visual interest to spaces, complementing modern or industrial design themes with their peculiar texture and look, which further contributes to their increasing demand and sales.
• Furthermore, these plates can withstand harsh environmental conditions, including extreme temperatures and corrosive substances, which makes them suitable for outdoor and industrial applications. Their durability and resistance to corrosion assure long-term performance and reliability in challenging environments, thereby impelling the market expansion.
• In addition to this, chequered plates require minimal maintenance due to their inherent durability and resistance to wear. Their robust build and high-quality materials minimize the need for frequent replacements or repairs, resulting in cost savings and operational efficiency. This makes them a sensible and affordable solution for industrial, commercial, and automotive usage.
• Apart from this, chequered plates' corrosion resistance renders them ideal for marine applications such as decks and docks, where exposure to moisture and salt water is prevalent. Their ability to withstand harsh marine environments ensuring long-lasting performance and durability is fueling their adoption across the marine industry.

Chequered Plate News

The report covers the latest developments, updates, and trends impacting the global chequered plate market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the chequered plate price trend.

Latest developments in the chequered plate industry:

• In December 2021, Jindal Stainless, India’s largest stainless-steel producers launched India’s first hot rolled stainless steel chequered sheet with the brand name Jindal Infinity at the International Railway Equipment Exhibition 2021 organized by CII.

Product Description

A chequered plate, commonly known as a checker plate or tread plate, is a flat metal sheet with an intricate pattern of alternating embossed shapes, usually diamonds or lines, on its surface. This distinctive pattern provides a superior grip, making these plates a paradigm for applications like flooring, stair treads, and industrial platforms which require slip resistance.

Chequered plates find an array of uses across transportation and construction sectors for truck bed liners, trailer floors, and ramps, where slip-resistant surfaces are critical for safe loading and unloading of cargo.

Additionally, chequered plates are employed in manufacturing industries for machinery components, walkways, and catwalks, providing stable and secure working surfaces for personnel. They are low-maintenance solutions, requiring minimal upkeep over their lifespan, saving time and resources while providing long-term reliability for safety-critical applications.

Regional Coverage

The report provides a detailed analysis of the chequered plate market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the chequered plate price trend.

Global Chequered Plate Price

The report offers a holistic view of the global chequered plate pricing trends in the form of chequered plate price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of chequered plate but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes. 

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed chequered plate demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Chequered Plate Price

The European region has experienced a hike in chequered plate prices driven by the growing demand from the automotive and chemical industries and a decline in upstream material supply. Moreover, global steel scrap and nickel pig iron inventory levels fall due to diminishing production rates. In contrast, chequered plate prices in the German spot market declined in November due to reduced demand from downstream industries and surplus supply.

This analysis can be extended to include detailed chequered plate price information for a comprehensive list of countries.

North America Chequered Plate Price

In North America, the chequered plate market has witnessed a declining trend. Initially, the chequered plate prices in the US rose due to heightened demand from the chemical and automotive industries, coupled with limited upstream material supply. However, in December, chequered plate prices in the US declined due to increased production, lower consumption, and a rise in supply from key producers.

Specific chequered plate historical data within the United States and Canada can also be provided.

Middle East and Africa Chequered Plate Price

The report explores the chequered plate pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on chequered plate prices for countries can also be provided.

Asia Pacific Chequered Plate Price

The chequered plate pricing in the Asia Pacific region has deteriorated due to a shift in demand towards the southern direction, driven by anti-dumping and countervailing duties in the US and European markets. Uncertainty in upstream steel scrap and nickel availability in Chinese warehouses occurred, leading to the lowest Chinese iron ore stocks in 7 years. In the latter part of the last quarter, chequered plate prices decreased due to heightened nickel supply and diminishing consumption.

This chequered plate price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Chequered Plate Price

The analysis of chequered plate prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of chequered plate pricing, covering global and regional trends, spot prices at key ports, and a breakdown of ex-works, FOB, and CIF prices.
• The study examines factors affecting chequered plate price trend, including supply-demand shifts and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The chequered plate price charts ensure our clients remain at the forefront of the industry.