With the approach of China's Spring Festival, almost all traders have exited the domestic steel plate market in line with the suspension or reduction of production by the steel mills. Accordingly, activity in China's steel plate market has slackened further. Meanwhile, some traders seeking to attract additional orders in January have lowered their prices slightly.
To sum up, with the Spring Festival getting closer, the steel plate market in China is expected to move on a neutral trend in the coming week.