During the week ending November 4, the trend of the Chinese domestic steel plate market has varied between stability and slight decline, following a slowdown of the downtrend witnessed in the previous week. Average steel plate prices in China can be viewed in the SteelOrbis price reports section.
At present, although demand for steel plate in northern China is tepid due to the approach of winter, demand in the southern part of the country is decent. In addition, the decline of market inventory and increased production costs are expected to provide support for steel plate prices in the coming period. It is expected that Chinese domestic steel plate prices will move on a sideways trend in the week ahead.