Demand still on sluggish side in local Chinese steel plate market

Monday, 16 September 2013 14:26:39 (GMT+3)   |   Shanghai
During the week ending September 16, steel plate prices in the Chinese domestic market have continued the downtrend observed in the previous two weeks, while transaction activity has remained slow. Average steel plate prices in China can be viewed in the SteelOrbis price reports section.

Amid pessimistic sentiment and slack demand, steel plate prices in China have continued to move down, while lower raw material costs have to some extent weakened the support for plate prices. Ahead of the Mid-Autumn Festival and the National Day holiday in China, some traders are expected to make their prices more attractive to buyers, with the aim of increasing sales volumes and bringing in cash. It is expected that Chinese domestic steel plate prices will continue to trend down in the coming week. 

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