Chinese domestic steel plate market softens further

Monday, 13 May 2013 15:24:13 (GMT+3)   |   Shanghai
During the week ending May 13, the Chinese domestic steel plate market has continued its downward movement, with a slight decrease in prices. Average steel plate prices in China can be viewed in the SteelOrbis price reports section.

At present, no significant improvement has been seen in demand for steel plates from downstream sectors in China. Meanwhile, domestic traders are concerned with the slow flow of inventories. Lower ex-mill prices and slack market activity have contributed to the slight decline in market prices. Considering their already low profit margins, traders are unwilling to cut their prices further. Nevertheless, it is expected that domestic steel plate prices will continue to soften over the coming week.

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