As of November 3, steel plate prices in the Chinese domestic market are down slightly compared to one week ago, while transaction activity has remained at poor levels. Average steel plate prices in China can be viewed in the SteelOrbis price reports section.
During the given week, demand in the local Chinese steel plate market has remained sluggish, while domestic plate producers have maintained relatively high production capacity usage rates and so supply pressure in the market is expected to be on the strong side in the coming period. At the same time, some cities have seen shortages of certain plate products in the past week. It is expected that steel plate prices in the Chinese domestic market will remain on their slight downtrend in the coming week.