During the week ending September 2, steel plate prices in the Chinese domestic market have trended down slightly. Average steel plate prices in China can be viewed in the SteelOrbis price reports section.
Due to increased financial pressure at the end of August, domestic steel plate traders were inclined to cut their prices last week as they sought to attract more orders. In the meantime, the lack of market activity has also contributed to the softening of steel plate prices in China in the past week. However, the early expectations for market demand in September are positive. Given domestic medium plate producers' efforts to push up their prices, it is thought that steel plate prices in the Chinese market may move up slightly in the coming week.