Relatively low levels of steel futures prices have contributed to the negative atmosphere in China's steel plate market in the past week. Activity in the domestic steel plate market has been moderate. Meanwhile, traders have low inventories amid the low volume of new arrivals in the market. Some traders have reported tight availability of certain specifications. A few smaller traders are restocking low-priced materials. Amid the recent decreases in prices, a certain amount of end-user demand has built up in the market.
In the short term, the Chinese domestic steel plate market appears unlikely to see any noticeable improvement, with prices expected to maintain their weak trend in the coming seven days.