During the week ending October 14, steel plate prices in the Chinese domestic market have indicated contrasting trends depending on different regions. Average steel plate prices in China can be viewed in the SteelOrbis price reports section.
In some regions of China, prices of steel plate products have moved up on the back of better demand and high production costs. However, in these regions, there still lacks sufficient momentum for a strong uptrend. At the same time, in other regions prices have declined due to slack demand in the post-holiday period.
Against the backdrop of unsatisfactory downstream demand, increasing inventory pressure and moderate prices of new arrivals, it is thought that Chinese domestic steel plate prices will just indicate slight fluctuations in the coming week.