End-users' PPGI purchasing activities have slowed down amid the sluggishness of the overall steel market and transaction volumes have continued to decrease. In addition, due to their increased inventory levels, traders are cautious about making further purchases from steel mills. To reduce risks from high inventory, some traders have sold PPGI materials at low prices.
With the approach of the traditional off-season for PPGI, many mills are implementing discounts for new orders. Overall, it is thought that the Chinese PPGI market will not show any improvements in the near term.