During the week ending December 2, steel plate prices in the Chinese domestic market have softened slightly. Average steel plate prices in China can be viewed in the SteelOrbis price reports section.
Weak demand still prevails in the Chinese domestic steel plate market, while downstream demand is expected to decrease further as the weather gets colder. Also, due to the approach of the end of the year, traders' funds will become tighter. Accordingly, it is expected that local Chinese steel plate prices will continue to move on a slight downtrend in the coming week.