Chequered Plate Prices, Monitor, Analysis & Demand

North America In the fourth quarter of 2023, the North American Chequered Plate market experienced a slight declining trend amidst several significant factors that impacted prices. Initially, the Chequered Plate prices in the US surged due to heightened demand from the chemical and automotive industries, coupled with limited upstream material supply. Despite robust economic indicators, the EU and the US failed to resolve a steel dispute. Metallurgical coke and non-coking coal prices rose globally. However, in December, Chequered Plate prices in the US declined due to increased production, reduced consumption, and a rise in supply from key producer Outokumpu. Surpluses in Nickel and Chequered Plate Scrap persisted. The Australian coal industry faced disruptions, impacting market dynamics. Meanwhile, the wind power sector is expected to surpass coal in electricity generation by 2026. In December, Chequered Plate prices remained low in the US due to high inventory levels, reduced dow...