During the week ending February 13, the Chinese steel plate market has trended down slightly as compared to the previous week. Average steel plate prices in China can be viewed in the SteelOrbis price reports section.
In the given week, steel plate offers in the domestic market in China have indicated significant variation. Some traders with large quantities of inventory are inclined to make small concessions in negotiations with genuine buyers. However, overall market activity is still somewhat lackluster as downstream demand has not yet been fully released. At present, most traders in the Chinese steel plate market are waiting for greater clarity in the market situation. Several domestic plate producers have reduced output in the recent period, and this has helped prevent stronger decreases in prices. It is expected that the Chinese steel plate market will continue its slightly downward trend in the coming week.