At the beginning of last week, due to the falling trend in the steel futures market, some steel plate traders chose to sell at lower prices in order to bring in funds. However, later in the week, against the background of a rebound in the steel futures market, traders became less pessimistic and stopped selling at lower prices, resulting in the stabilization of steel plate prices in the domestic market.
Considering the high cost of materials in the current spot market and the lack of high inventory levels, it is expected that China's domestic plate market will move sideways in the coming week.