Chinese steel plate declines further, activity fails to improve

Monday, 07 May 2012 16:24:19 (GMT+3)   |  
In the past week, the Chinese steel plate market has continued to decline, with some confusion seen in quotation levels. Average prices in the Chinese steel plate market can be viewed in the SteelOrbis price reports section.   

Although prices have been on a downward trend in the domestic steel plate market, the trading volume has not improved, with low demand continuing to prevail.

To sum up, if downstream demand does not pick up, it will be difficult for market activity or prices to indicate improvement. In the short term, China's steel plate market is expected to continue its weak trend.

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