In the given week, declines in steel futures prices contributed to decreases in prices of construction steel and hot rolled coil in the Chinese domestic steel market, thereby also negatively impacting the domestic steel plate market. With the start of the cold weather, the Chinese steel market has entered its traditional slow winter season for demand. Meanwhile, steel traders are pessimistic on the prospects for the market in the coming period. Although steel plate market inventory has declined due to restricted shipments by Chinese steel mills, steel plate prices have still continued to decline in the Chinese market.
It is anticipated that steel plate prices in China will continue to be characterized by a soft trend in the coming period.