During the week ending March 31, steel
plate prices in the Chinese domestic market have moved on a slight uptrend for common carbon medium
plate and low alloy medium
plate, while prices of shipbuilding
plate have remained stable. Transaction activity has remained at low levels, with no significant improvement in demand. Average steel
plate prices in
China can be viewed in the SteelOrbis price reports section.
During the given week, the rebound in the steel futures market, the rising prices of raw materials and falling steel
plate inventories have been the main factors contributing to the increases in prices for common carbon medium
plate and low alloy medium
plate. It is expected that steel
plate prices in the Chinese domestic market will just fluctuate within a narrow range in the coming week.