During the week ending November 25, steel plate prices in the Chinese domestic market have continued their downward trend, with declines more pronounced in northern China, while overall transaction activity has been on the sluggish side. Average steel plate prices in China can be viewed in the SteelOrbis price reports section.
The capacity utilization rates of steel plate producers in northern China are not high at present. However, the slow sales activity in the region has negatively impacted sentiment among traders, causing them to sell at lower prices. Moreover, as the weather becomes colder, demand from downstream users in China is expected to become more sluggish in the coming period. Although maintenance works have increased at Chinese steel plate producers, the lackluster activity levels have been exerting a stronger influence on the price trend. Overall, it is thought that steel plates prices in the Chinese domestic market will fluctuate on a slightly soft trend in the coming week.