Chequered Plate prices exhibited a mixed trend in December. While prices declined in both China and Germany, they remained relatively stable in the USA. In China, excess production led to price decreases. In Germany, low demand and weak market sentiment contributed to the price fall. Conversely, in the USA, prices remained stable due to a balanced supply and demand dynamic.

In China, Chequered Plate prices plunged by 4% in December. This drop coincided with increased production as the stainless steel industry reported significant growth. Overall output rose 1.1% month-on-month and 6.53% year-on-year, marking a steady annual growth of 3.03%. The 200-series stainless steel production saw a notable 3.35% monthly increase, while the 300-series recorded a more modest rise of 1.01%, adding approximately 17,800 mt to its output.

The Chequered Plate market continues to face a sharp downturn, with both prices and downstream demand at subdued levels. This decline is driven by falling raw material costs, including Nickel Pig Iron (NPI) and high-carbon ferrochrome, which decreased during December. The pressure on stainless steel smelting profits has led steel mills to push Chequered Plate prices lower.

The German Chequered Plate market experienced a 2% price decline, driven by a confluence of factors. Weakening demand, a decreased alloy surcharge for grade-304 materials, and the seasonal slowdown during year-end holidays contributed to the downturn. Furthermore, an oversupply in the European market, a persistent issue, hindered price recovery.

Outokumpu, a leading stainless steel manufacturer, recently announced an update to its surcharge rates for January 2025. These rates reflect market adjustments and raw material cost fluctuations, resulting in a slight increase for commonly traded stainless steel flat products, including Chequered Plate.

In the USA, the Chequered Plate market has demonstrated stability with prices remaining consistent month-over-month. Production levels have been maintained by local manufacturers, ensuring an adequate supply to meet market demands. Concurrently, demand has sustained its pace, supported by moderate growth in downstream industries. This equilibrium between supply and demand has been a key factor in maintaining stable pricing for Chequered Plate.

It is expected that the prices for Chequered Plate may see a resurgence in the near future. Initiatives to boost consumer spending in China, such as trade-in programs and enhancements in infrastructure, are projected to elevate the demand. Furthermore, Germany's demand is predicted to rise, fueled by the need for alternatives to sanctioned Russian materials. According to ChemAnalyst, the sector is poised for ongoing expansion, with a consistent upward trend in prices.