Chinese steel plate market maintains its downward movement

Monday, 06 May 2013 14:39:05 (GMT+3)   |   Shanghai
During the week ending May 6, steel plate prices in the Chinese domestic market have continued to drop down. Average steel plate prices in China can be viewed in the SteelOrbis price reports section.       

Influenced by the softness of the steel futures market, traders are pessimistic about the prospects for the domestic steel plate market. In addition, downstream users are also waiting to see how the market trend develops. Following the Labor Day holiday, overall transaction activity in the local steel plate market has been very slow. As regards the future market, it is expected that steel plate prices will continue to drop down in China.

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