Fragile confidence among traders in Chinese domestic steel plate market

Monday, 24 June 2013 18:20:06 (GMT+3)   |   Shanghai
During the week ending June 24, steel plate prices in the Chinese domestic market have been fluctuating within a narrow range, amid moderate market activity. Average steel plate prices in China can be viewed in the SteelOrbis price reports section.   
 
Amid the uptrends seen in the domestic steel futures and semi-finished steel markets, steel plate traders in China regained confidence early in the past week, with slight upticks seen in offers for some steel plate products. However, towards the end of the past week there was a significant fall in the steel futures market, which has caused traders to become more pessimistic about the future prospects of the steel plate market, with local steel plate prices indicating minor fluctuations. It is expected that steel plate prices in China will continue their fluctuating trend in the coming week.

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