Over the past week, steel plate prices in China have witnessed a slight increase, though transaction activity has not been good amid sluggish demand. Additionally, with new resources arriving in the market, inventory has seen a small rise. However, Chinese plate traders have been optimistic on the future prospects for the market amid increases in the stock markets and futures markets.
It is thought that the Chinese domestic plate market will move sideways in the coming week against the background of the slowdown in the rise of semi-finished steel prices.